Gbpchfshort
GBPCHF top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCHF - Bearish Bias - Sell Setuphello Guys,
if price behaves according to my analysis we have a multiple confluences here with the price action, if we have Head & Shoulder pattern, after the completion of H & S pattern and Trend line breakout we will be looking for bearish momentum to take us back down to the mentioned target.
Wait for confirmation and selling opportunity with GBPCHFH1 time frame.
Structure: The ascending channel has been broken.
Wait for the price to form a retracement wave to the 1.26700 zone and appear a bearish reversal pattern, then you can find an opportunity to enter a sell order.
The profit target is the 1.25000 zone.
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Wish you all have a good trading day!
GBPCHF A1 Short B GradeHere is a look at my short entry on GBPCHF from yesterday afternoon. My Trade had 2 knocks against it as I was trading into the 800EMA and divergence, so I was very quick to pull my trade when it went against me. I had 1.5% risk on my trade and managed to close all at 1.26817, resulting in a loss of -0.66%. Unfortunately for me, this time around price carried on to go and hit my profit target of 2R, but most times price will just reverse and fully stop one out, as I've seen with previous losing trades. Overall a lesson learnt here was to use less risk when trading into something like this. I'm happy with the result as I followed my rules.
GBP/CHF:DOWNTREND | PRICE ACTION SHORT SETUP...Welcome back Traders, Investors, and Community!
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Wait for Key level breakout and sell signal with GBPCHFH2 time frame.
Structure: The uptrend was broken when the down move broke the Key level at 1.26600.
There is now a smaller uptrend forming within the range of the previous down move and a new key level appears at 1.26200.
Wait for the price to break this Key level and have a retest move, then look for selling opportunities with price targets of 1.25600 and 1.24800.
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Wish you all have a good trading day!