GBP CHF Short Opportunity Short

British Pound/Swiss FrancFXCM

Description

⋅ Jun 25, 2021 10:27 AM

Reasons for entry:

1) Monthly bearish engulfing candle
2) Multiple reactions on the outside of 7 months uptrend line
3) Daily bearish candlestick formation
4) Past daily resistance
5) Multiple rejections around the daily resistance and gathering of liquidity