GBPCHF - potential short setup
Updated
currently price is within the daily supply; which is within 50% - 62% fibo retracement level. in addition, that there's a sign of bearish divergent.
So I am planning to put sell limit within h4 supply and take profit on the opposite zone on daily demand.
This are just my thoughts based on the technical strategy that I used.
Renee H
So I am planning to put sell limit within h4 supply and take profit on the opposite zone on daily demand.
This are just my thoughts based on the technical strategy that I used.
Renee H
Note
Based on the weekly chart, we can see that supply is in control with a very strong bearish candle.
As I already mentioned, price is currently within the daily supply zone. So in order to enter the trade, I am looking at h4 timeframe to enter.
Cheers
Trade active
Trade closed: target reached
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