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VasilyTrader
Aug 31, 2020 6:02 AM

GBPCHF: How To Catch a Pullback? Short

GBP/CHFOANDA

Description



good morning, guys

GBPCHF reached a strong resistance of a rising wedge pattern.

taking into consideration oversold rsi with divergence on 8h/4h charts
and a double top formation with a confirmed violation of its minor support on 1h,
chances are high that the price will retrace.

to catch a bearish movement you can sell the retest of broken support or just enter aggressively depending on the desired r/r.

targets:
1.2037
1.2017

stop above the tops

good luck!
Comments
Aaric201
I agree with your opinion. Thanks for sharing such a clear chart.
VasilyTrader
@Aaric201, you are welcome my friend!!!
TradingExpertFx
Good work bro!
VasilyTrader
@DaniilSusanin, thanks a lot bro!!!
ProjectSyndicate
upvoted. premium info. nice work!
VasilyTrader
@ProjectSyndicate, thank you my friend)))
VasilyTrader
Do you agree with my plan?
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