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British Pound / Swiss Franc
Short

GBPCHF - Further collapse downwards

By mmrabea
Updated
Setup: Prices are following a very strong and steady D1 downtrend, as well they're testing a strong H4 resistance zone that hasn't been breached over the past week. Additionally a triangle formation has formed between the correction upward line and the main daily trend. I expect prices to breakout from their current positions downwards, so I'm setting up a short entry from the current zone with a very tight SL above the rejection tails of the H4 resistance and TP at the lows of last week.
Trade active
Trade closed: stop reached
Chart PatternsDaily ChartsdowntrendGBPCHFTechnical IndicatorsSELLshortSupport and ResistanceTrend Analysis
mmrabea

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