SHORT on GBP/CHF
Price has feel from a major supply zone with a massive bear candle.
Price has also rejected the 50 Fibonacci level multiple times.
I expect price to continue dropping.
Here is the play I will be taking on this pair:
PAIR = GBP/CHF
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.23292
STOP LOSS = 1.24079 - 78 PIPS
TAKE PROFIT = 1.21694 - 159 PIPS
Price has also rejected the 50 Fibonacci level multiple times.
I expect price to continue dropping.
Here is the play I will be taking on this pair:
PAIR = GBP/CHF
ORDER TYPE = SELL STOP (PENDING ORDER)
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 1.23292
STOP LOSS = 1.24079 - 78 PIPS
TAKE PROFIT = 1.21694 - 159 PIPS
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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.