GBPCHF: Bearish Forecast Short

British Pound/Swiss FrancFXCM

Description

⋅ Apr 3, 2020 9:17 AM

hey guys,

gbpchf has broken below the support of the rising wedge pattern.

we see a 4h candle close and I consider this breakout to be confirmed.

now I expect bearish continuation to 1.176/1.156 levels

good luck!

Comments

Subbota

⋅ Apr 6, 2020 11:34 AM

Any update

nelsyboy

⋅ Apr 3, 2020 3:29 PM

I am sure this is a good call. The price has broken through the trend lines on different timescale and on the daily, the ABC recent retracement pattern looks to have completed today with this downward movement.

simtrader19a

⋅ Apr 3, 2020 1:52 PM

This is why we do risk management;)

simtrader19a

⋅ Apr 3, 2020 9:34 AM

Nice wedge pattern
remember big news tonight

VasilyTrader

⋅ Apr 3, 2020 9:52 AM

@simtrader19a, yeah, do you think they may affect this pair as well?

KevinAlme

⋅ Apr 3, 2020 9:29 AM

I hope this call of yours is correct. If it goes opposite. It will be 5 trades in a row within 48 hours that is negative for you..

VasilyTrader

⋅ Apr 3, 2020 9:53 AM

@KevinAlme, yeah man) shame on me)

ProTraderNataliaRUS

⋅ Apr 3, 2020 10:49 AM

@KevinAlme so pussy Kevin

VasilyTrader

⋅ Apr 3, 2020 9:18 AM

What is your view on GBPCHF?

Khalid1000

⋅ Apr 3, 2020 11:33 AM

@VasilyPonomarev,

i noticed your idea after posting mine... it give me more confidence now..