Short GBP/CHF Short

FX:GBPCHF1D

British Pound/Swiss FrancFXCM

Description

⋅ Jul 3, 2021 6:22 AM

- Intermediate top likely to take down prices to the lower end of the support line or lower.

Chart Patterns

Comments

prashant_tr

⋅ Jul 6, 2021 1:45 AM

now that I look at it. yes, agree, better to wait on this one

traderchandrus

⋅ Jul 4, 2021 9:24 PM

For this setup, you probably want the SL to be at 1.2858.

There is also a case to be made for a long setup here: Minor double bottom on the weekly, uptrend on the weekly.

The tight trading range on the daily makes me wait for a breach of either ends to be sure.