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Gbpchfshort

GBPCHF ShortIf you like this idea, like it and follow me for more. Colour key: Blue = monthly, Pink = weekly, Grey = daily/4h/1h As you can see, price is approaching two key monthly resistance levels. Price has already touched the bottom one (1.26655) and i believe it has topped out, but my SL would be placed above the second level in case price continues upwards. Regardless, i am awaiting confirmation to sell from these levels, all the way down to the bottom monthly supply and demand zone. Updates to follow, follow me to see them
Short
by darbova
Wait for downtrend confirmation and sell signal with GBPCHFH4 time frame. Structure: Strong downtrend. After a strong downward move, the price formed an ascending channel, this channel hit resistance at 1.26500. Here, waiting for the price to break through the ascending channel and appear confirmation of the downtrend, then you can enter a sell order with GBPCHF. The profit target is the 1.24000 price zone. ----------------------------------------------------------------------------------------------- Wish you all have a good trading day!
Short
by tradafx
3
GBPCHF > A Bearish Harmonic Bat Pattern!!Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves. Analysis on #GBPCHF this is a bearish harmonic bat pattern that might complete soon and provide a reason to get involved in sell trade. I would be careful in this market and look for extra confirmation on the lower time frame as my bias is long GBP in other markets. Thank you so much for your support. Check today analysis below⠀ >>“ Only trade when the probabilities of the market going in your favor are greater than it going against you." TradingAxis
by TheTradersAvenue
13
potential short opportunityGBPCHF has reached to its resistance level from which I expect it to go down a bit. It's RSI on lower time frames are also overbought, which gives potential day-trading shorting opportunities. If you have missed only enter if it bounces back but below 1.27, anything below 1.27 as sell entry from my point of view is risky. SL: above daily 100MA TP: fib based, can be daily 20MA. I will be using trailing stop once it reaches 1.268 GL and happy Monday. :)
GShort
by mleader1
1