GBPCHF - Short Trade at Fib Level & Top of Descending Channel
Updated
Confluence of 0.382 Fib level and top of descending channel.
Look for possible shorts. Suggested target price could be 0.618 Fib at 1.23232.
GBPCHF
Look for possible shorts. Suggested target price could be 0.618 Fib at 1.23232.
GBPCHFNote
Agree? Have another idea? Let me know!Trade active
Price chose to move above the descending channel - now observed a double top at descending resistance around 1.24800 and trading is active.Trade closed: target reached
Take profit #1 reached: Entry 1.25100, TP1: 1.24300. +80 Pips ✅✅
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