Hello TradingView Family / Fellow Traders,
๐ GBPCHF is overall bullish from a short-term perspective trading inside the rising wedge in red.
However, it is currently sitting around a strong supply zone, thus we will be looking for sell setups.
๐ For the bears to take over and activate our sell setup, we need a momentum candle close below the last major low highlighted in gray.
Meanwhile, until the sell is activated, GBPCHF would remain bullish and can still break the supply zone upward.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
๐ GBPCHF is overall bullish from a short-term perspective trading inside the rising wedge in red.
However, it is currently sitting around a strong supply zone, thus we will be looking for sell setups.
๐ For the bears to take over and activate our sell setup, we need a momentum candle close below the last major low highlighted in gray.
Meanwhile, until the sell is activated, GBPCHF would remain bullish and can still break the supply zone upward.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trade Made Simple
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
RichTL.com
Telegram
t.me/thesignalyst
CFD broker - Tickmill
cutt.ly/TickmillReal
Veles - Create Trading Bots
veles.finance/invite/thesignalyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.