GBPCHF (1D): A Short-coming!

GBPCHF
Timeframe: 1D
Direction: Short

Confluences for Trade:
- Bearish candle formations
- Stochastic Overbought momentum
- Breaking S/T Trendline & Currently at Resistance of M/T Trendline (since April 2018)
- Fundamentally, Brexit uncertainty still remains in EU-UK negotiations; and even within UK government themselves.

Suggested Trade:
Entry @ Area of Interest 1.3020 - 1.3080
SL: 1.3162
TP: 1.2802
RR: Approx. 1.73 (Depending on Entry Level)


May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade active

Comment:

Strong bearish engulfing candle supports the downward movement.

Good luck! :D

Comment:

Moved SL to BE levels

Comment:

Lock in half of your profits. :D

Trade closed: target reached:

TP hit, let's find the next winning trade. :D