Hello TradingView Family / Fellow Traders,
📈 GBPCHF is overall bullish from a short-term perspective trading inside the rising wedge in red.
However, it is currently sitting around a strong supply zone, thus we will be looking for sell setups.
📉 For the bears to take over and activate our sell setup, we need a momentum candle close below the last major low highlighted in gray.
Meanwhile, until the sell is activated, GBPCHF would remain bullish and can still break the supply zone upward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
📈 GBPCHF is overall bullish from a short-term perspective trading inside the rising wedge in red.
However, it is currently sitting around a strong supply zone, thus we will be looking for sell setups.
📉 For the bears to take over and activate our sell setup, we need a momentum candle close below the last major low highlighted in gray.
Meanwhile, until the sell is activated, GBPCHF would remain bullish and can still break the supply zone upward.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Buy CRGPT on Uniswap
cutt.ly/CRGPT