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PeNuel2020
Aug 12, 2021 9:27 PM

GBPCHF - SELL BELOW @1.275 Short

British Pound/Swiss FrancFXCM

Description

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PAIR STALLS AT A STRONG RESISTANCE
This setup can only be nullified above the SL region. The sell pressure has been activated below @1.275 break down.

BEARISH SHARK PATTERN

This setup appears as a typical bearish shark pattern and if so, the possible move is downside as shown.

WEAKER STERLING (GBP)
Sterling appears weaker than most other currencies across board. Most GBP*** pairs are likely to drop for some days
from now.

Ensure you don't FOMO and you follow your trading rules strictly. Bear the disclaimer below too in mind.

DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is strictly for
educational purposes only and they are my personal views on these assets. If anything goes south, I am not liable at all.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you can
not afford to lose.
Comments
PeNuel2020
Over 150pips booked.
Close already. Good one!
PeNuel2020
YOu can take partials
PeNuel2020
SL @Entry to BE and run risk-free
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