Another 120 pips + strategy setup for go short GBPCHF
Bearish momentum of GBPCHF is confirmed by breaking down of the bearish rising wedge and MA50 also with volume above 20 days average.
Price can move down more before correction at key support (yellow line), just go short as down trend is still strong (ADX >40).
Target at 1.3036, stoploss at 1.3215
Price can move down more before correction at key support (yellow line), just go short as down trend is still strong (ADX >40).
Target at 1.3036, stoploss at 1.3215
Trade closed manually:
Manually closed at 1.3170 as 2 MA lines H1 cross up
