GBP/CHF - Triple RSI setup
Overbought on the 1H and 4H chart with this price action.
Not sure what is driving this higher. This is about to go overbought on the 15M.
I am already short at 1.25798 with failed bear bat pattern. Will add to short once 15M is overbought on RSI(21) with a drawn trendline break.
Trade at your own risk.
Not sure what is driving this higher. This is about to go overbought on the 15M.
I am already short at 1.25798 with failed bear bat pattern. Will add to short once 15M is overbought on RSI(21) with a drawn trendline break.
Trade at your own risk.
Note
Triple RSI confirmed. Drawing trendlineNote
PM May has called for an early June 8th election. This has driven the price action which has defied the bear patterns. This will likely become a short position that needs patience. My personal belief is that Brexit will harm the GBP. Thoughts?
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.