Ok, this is an easy setup. Now why am i shorting right now right here. Because i am also looking at other GBP pairs, and they are all looking very heavy.
Especially GbpChf also made a nice SHS pattern and broke lower. I'm looking there for a small bounce to short it too.
Blessings to you.
Edit: I'm sorry while typing it fell almost 30 pips, i could not post it earlier, but there is still a good chance for a move above 150 before falling.
Especially GbpChf also made a nice SHS pattern and broke lower. I'm looking there for a small bounce to short it too.
Blessings to you.
Edit: I'm sorry while typing it fell almost 30 pips, i could not post it earlier, but there is still a good chance for a move above 150 before falling.
Note
Notice the 38% fibo retracement coming inline with 148.00 support area.Note
GbpChf trade triggered:Sell 2932 Stop 3005 Target Limit 2800/2750
Trade closed manually
Exiting GbpChf for 30 pips profit.Note
Took off 50% of my gbpjpy position for a 100 pips of profit. Letting the remaining position open for now.Note
GbpJpy is proceeding as expected. It broke the 149.25 shortterm swing low, and now i am moving my stop to breakeven on my position.Target is still seen around 148.
Trade closed: target reached
+175 pips enough for me. i am closing this position for nice profits at 148.50.
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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.