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
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