GBPCHF Short
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Colour key: Blue = monthly, Pink = weekly, Grey = daily/4h/1h
As you can see, price is approaching two key monthly resistance levels. Price has already touched the bottom one (1.26655) and i believe it has topped out, but my SL would be placed above the second level in case price continues upwards.
Regardless, i am awaiting confirmation to sell from these levels, all the way down to the bottom monthly supply and demand zone.
Updates to follow, follow me to see them
Colour key: Blue = monthly, Pink = weekly, Grey = daily/4h/1h
As you can see, price is approaching two key monthly resistance levels. Price has already touched the bottom one (1.26655) and i believe it has topped out, but my SL would be placed above the second level in case price continues upwards.
Regardless, i am awaiting confirmation to sell from these levels, all the way down to the bottom monthly supply and demand zone.
Updates to follow, follow me to see them
Trade active
Price broke bottom level but failed to touch/break the one above it. Setup still valid.Trade closed: stop reached
Setup invalidated
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