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onelinkFX
Feb 7, 2023 1:48 AM

GBPCHF - Daily Trade Idea - 7-Feb-23 Short

British Pound/Swiss FrancFXCM

Description

GBPCHF (SHORT)- If all the resistance holds in place.

If we see the Resistance broken out then we could see the shift in the trend.

I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.

(THIS IDEAS VALID NEXT 24 HOURS)

Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
Comments
JoeChampion
Good job, i think GBP will continue weakening!
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