GBP.CHF - Break & Retest Of Ascending Trendline Short

British Pound/Swiss FrancFXCM

Description

⋅ Dec 28, 2017 12:34 PM

Currency Pair: GBP.CHF
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Short

Live GBP.CHF updates will be available in the comments section below

Comment

⋅ Dec 29, 2017 9:25 AM

Price broke and closed below strong support confirming the 1hr TF which i see as a minor consolidation period prior to a further push to the downside.

Comment

⋅ Dec 30, 2017 4:27 PM

Textbook break and retest of the 38.20% and 1hr 50EMA
Although this was a great setup i was personally long on GBP.USD so i didn't take this position due to live exposure.

Comment

⋅ Dec 30, 2017 4:39 PM

Comments

fabless12

⋅ Dec 30, 2017 11:54 AM

Looks good

UnknownUnicorn180388

⋅ Dec 30, 2017 2:01 PM

@fabless12, Thanks very much.

acostalugo85

⋅ Dec 30, 2017 1:19 AM

Thanks for sharing, monday im going to short like there is no tomorrow.

UnknownUnicorn180388

⋅ Dec 30, 2017 2:01 PM

@acostalugo85, My pleasure, i hope all goes well.