FullTimeTrader
Short

GBPCHF-this is the setup that will work

FX:GBPCHF   British Pound/Swiss Franc
346 0 8
Hello, i published an idea a few days ago for a short setup on this pair:
GBPCHF-reached previous high-corrective triangle finished


The setup didnt work, i think because the SL was too small. Its a common mistake i do.

After the GBP rate news the market has a clear direction and now its the right time for an entry. This time im placing a "better SL".

Looking a monthly chart we see the price is rejecting from a strong level of S/R and ema 55
snapshot


Here at D1 chart we have a "bat" pattern ignoring the spike. I saw some harmonic traders using this setup succesfully, so it is valid for me.
The monthly ema55 level is at the same area that 0.8860 fib retracement.
On H4 chart we can find a last AB=CD pattern (blue line)

Targets are shown on the chart.

Best regard
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out