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Nyerobobs
Dec 13, 2020 2:09 PM

GBPCHF SELL SETUP Short

GBP/CHFOANDA

Description

MORE BEARISH MOMEMTUM ESPECTED FROM GBPCHF AFTER A HUGE DOWNWARD RALLY DURING THE EARLY HOURS OF FRIDAY'S MARKET WAS FOLLOWED BY A SIMILAR MOVE TO THE UPSIDE

PRICE WAS ABLE TO RETEST ON THE DYNAMIC ZONE TURNING SUPPORT INTO RESISTENCE AS MORE DOWNWARD MOMENTUM IS EXPECTED

A NICE R:R COULD BE GOTTEN FROM THIS TRADE AS PROPER RISK MANAGEMENT SHOULD BE OBSERVED
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