GBPCHF Short

Jul 7, 2022

Against the H4 trend but M15, M30, and H1 are overbought

There is resistance to this week's high

Stop loss is above 1.1719

1st target is 1.16056

Jul 10, 2022

Trade closed: stop reached

This was a trade that didn't made sense on the higher time frame. The previous week had a double bottom and it was tested this week as well.

This means the trade would go higher and this was exactly what happened.

Prior to taking a trade, always start from Weekly, Daily, H4 and then lower timeframes.

GBP/CHF Mini converted at 1.44351746500437 SD-99.39
Funds: SD11,345.74