GBPCHF BEARS TO TAKE OVER
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
What's next on GBPCHF.
As we can see price was trading inside this big rangy market, However, price managed to break below our lower bound of this range and below our support zone, then this support is now acting as a clean resistance zone, where we will be looking for new bearish movements as well.
Meanwhile, on lower time frame, price is still overall bullish, and for the bears to kick in we need a break below the marked swing low, then a movement lower would be expected.
And as usual, if that happens, 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
If you like the idea, do not forget to support with a like and follow.
What's next on GBPCHF.
As we can see price was trading inside this big rangy market, However, price managed to break below our lower bound of this range and below our support zone, then this support is now acting as a clean resistance zone, where we will be looking for new bearish movements as well.
Meanwhile, on lower time frame, price is still overall bullish, and for the bears to kick in we need a break below the marked swing low, then a movement lower would be expected.
And as usual, if that happens, 1-2 risk to reward ratio from a risk management perspective.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
Telegram channel:
t.me/Snipers_F_x
t.me/Snipers_F_x
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