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Trading2ez
Dec 14, 2020 9:40 AM

GBP/CHF SELL IDEA Short

British Pound/Swiss FrancFXCM

Description

Hey tradomaniacs,

welcome to a new free trading-setup.

Note: This is meant to be a preparation! As always we will have to wait for a confirmation!

Important:

ALL POUND-TRADES are currently very risky as Brexit-Negotiations are to be continued and the outcome is not clear.
Since a No-Deal is more likely to happen and technical aspects for GBP/CHF are very bearish we could consider to give this trade a try with a low risk.


GBP/CHF: Daytrade-Preparation

Market-Sell: 1,18755
Stop-Loss: 1,19350

Point-Of-Risk-Reduction: 1,18215
Take-Profit: 1,17535

Stop-Loss: 60 pips
Risk: 0,5%

Risk-Reward: 2,0



LEAVE A LIKE AND A COMMENT - I appreciate every support! =)


Peace and good trades
Irasor

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Comments
abel11
accurate analysis. Thanks for sharing
DACapitalTrading
good one! did you enter already?
Our setup:
Trading2ez
@DACapitalTrading, Nice Setup thanks for sharing! =)

No I wanted to wait for a confirmation but rejection looks pretty decent! :-) Going to execute soon!
Trading2ez
@DACapitalTrading, Now im in =)
ProjectSyndicate
could be great if we get a nice rejection soon.
alternatively that could be a runaway gap though.
Trading2ez
@ProjectSyndicate, very tricky with POUND as I can`t take any statements serious anymore. A no-deal is still more likely and CHF is still strong as a hedge. :-)
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