4EMA IS SHOWING DOWNTREND HOWEVER WHEN I TOOK ENTERY THE RSI WAS GOOD NOW ITS AT SIDEWAYS POSITION SO DONT TAKE ENTERY NOW LETS OBSERVE THIS TRADE AND BE PATIENT ABOUT THE MARKET
LETS HOPE THE MARKET BREAK THE RESISTANCE 0.77618 TO 0.77800 THEN WE WILL BE SEEING A BULLISH TREND
THIS IS FOR EDUCATIOAL PURPOSE
ALWAYS DYOR AND HAPPY TRADING
GBPCHF in 12 Hrs Time frame Making descending triangle pattern
The descending triangle is a bearish formation that usually forms during a downtrend as a continuation pattern. There are instances when descending triangles form as reversal patterns at the end of an uptrend, but they are typically continuation patterns
Why I Believe that market will Break to the...
Winter is almost here but the butterflies are still flapping. This set up is on the one day time frame and has some decent pippage potential. As always wait for full confirmation and 1-2% risk per trade. I will update this idea as it plays out. All details in the picture. Thank you for looking at this idea and I look forward to your comments
