Get started
FullTimeTrader

GBPCHF-nice retracement to the 0.61 fib

Short
British Pound / Swiss Franc (FX:GBPCHF)  
FullTimeTrader  
FX:GBPCHF   British Pound / Swiss Franc
13
3
Although my previous setup failed my bias is still bearish on this pair. Price made a deeper retracement and it is better now.

We have:

- price broke the trendline support and is testing it
- 0.61 fib retracement
- convergence on oscillator
- Strong S/R
- today price closed below the important psycholevel 1.5000

Regards

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.