GBPCHF-Bearish Flag
The pair has broken its long bullish run by breaking its trend line. Now it has shown sign of bearishness by printing bearish divergence on RSI plus break its previous HL.
The pair is currenlty in making of bearish flag pattern which is a continuation of bearish trend.
Trade Plan:
Short position can be taken at break of pole with confirmation that bearish trend will continue.
EP & SL are mentioned with TP1 and TP2
The pair is currenlty in making of bearish flag pattern which is a continuation of bearish trend.
Trade Plan:
Short position can be taken at break of pole with confirmation that bearish trend will continue.
EP & SL are mentioned with TP1 and TP2
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.