MattWalz

GBPCHF Continuation down

Short
FX:GBPCHF   British Pound / Swiss Franc
1
After a false breakout of the descending TL, yesterday's daily PA painted a high test pinning the TL and moving averages. With price pulling back slightly in the opening hours today, I will be looking for a lower timeframe reversal to take the trade short. I will have my eye on the weekly support of 1.222 and the 0% fib as profit levels, with extended downside targets at 1.188
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