WEEKLY RECAP AND GBP/CHF OPPORTUNITY RECAP OF THE IDEAS POSTED THIS WEEK AND THE LAST TRADE IM IN, GBPCHF
GBPCHF
GBPCHF MULTI-TIMEFRAME ANALYSISBASED ON THE ANALYSIS ABOVE WE HAVE A BULLISH VIEW ON THIS PAIR AND ANY VALID TRADE OPPORTUNITY WILL BE TAKEN TO PUSH THE MARKET TO THE MENTIONED TARGET
GBPCHF Short Trade EntryGBPCHF has broken to the downside on a 3 wave structure on the daily time frame and has done so on the H4 time frame as well. This is an indication of a continuation to the downside.
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GBPCHF BreakoutIs it a Bearish Wedge or is it 3 Rising Valleys? Look for the Breakout Buy or break below and small retest for a Short.
GBPCHF Potential Sell Trading PlanGPBCHF is Standing on D1 Resistance zone
There are several reasons to short this pair
Reason 1: D1 Resistance Zone
Reason 2: Triple Top ? (If Current D1 candle closes as Bearish "Engulfing"
Reason 3: H1 Ascending channel downside Breakout
Reason 4: Bearish RSI divergence
Reason 5: If Price pulls back to 1.3390-1.3410 and forms Bearish Price action candlestick pattern confirmation this will be 5th reason
