GBPCHF Bear
Bias Bearish
Fundamental Analysis
CHF is bullish with GBP neutral
Price Action:
Price retrace back to H4 resistance & bearish trendline. Formed a flag pattern. Price rejected from that level and close at a lower low
Confluence:
Higher TF (W/D/H4) - Rejection from H4 SR & TL.
Lower TF (H1/M30/M15) - Break through 2 H1 SR level and H1 Bull TL.
Set up:
Short trade at the higher H1 SR level
SL 2 ATR (20)
TP Daily Swing low R:R 1:5
Fundamental Analysis
CHF is bullish with GBP neutral
Price Action:
Price retrace back to H4 resistance & bearish trendline. Formed a flag pattern. Price rejected from that level and close at a lower low
Confluence:
Higher TF (W/D/H4) - Rejection from H4 SR & TL.
Lower TF (H1/M30/M15) - Break through 2 H1 SR level and H1 Bull TL.
Set up:
Short trade at the higher H1 SR level
SL 2 ATR (20)
TP Daily Swing low R:R 1:5
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.
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.