GBPCHF: Your Trading Plan for US Session Short

British Pound/Swiss FrancFXCM

Description

⋅ Oct 12, 2020 2:11 PM

GBPCHF reached a strong falling trendline.
the price went rejected from that on 4H.

on an hourly time frame, the pair has formed an ugly head and shoulders formation.

1.1852 is its neckline.
I want to see an hourly violation of that to short.

goal:
1.182

in case of a new higher high above the head on 1H, the setup will be invalid.

Order cancelled

⋅ Oct 12, 2020 4:33 PM

Comments

InkyGrip

⋅ Oct 13, 2020 9:29 AM

perfect analysis! 🦐👍🏻

VasilyTrader

⋅ Oct 13, 2020 1:02 PM

@plancton0618, thank you buddy!

Kimmy20122012

⋅ Oct 13, 2020 12:03 AM

Sir , I prefer to buy.

VasilyTrader

⋅ Oct 13, 2020 1:03 PM

@lightblue05, thank you for comment my friend!

Lingrid

⋅ Oct 12, 2020 6:14 PM

I appreciate your work)

VasilyTrader

⋅ Oct 13, 2020 1:04 PM

@Lingrid, thanks a lot 😊

jostino

⋅ Oct 12, 2020 4:29 PM

update: price broken over the head :(

VasilyTrader

⋅ Oct 12, 2020 6:09 PM

@jostino, thank you for comment bro!

jostino

⋅ Oct 12, 2020 6:19 PM

@VasilyPonomarev, I'll try to help as I can :)

SunnyHillCapital

⋅ Oct 12, 2020 2:50 PM

Clean head and shoulders pattern on lower TF and rejection on higher TF. Let's see. Thanks for sharing!