GBPCHF - Short Again!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📉As per our last GBPCHF analysis (attached on the chart), it rejected the red resistance zone and has been trading lower.

Short-term, GBPCHF has been trading within the falling channel marked in orange and today, it has been rejecting the upper bound of the orange channel.

🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper orange trendline aligned with the previous long-term analysis/trend.

📚 As per my trading style:
As #GBPCHF is hovering around the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.