GBPCHF - Update on Short Opportunities
For those who missed our previous analyses (www.tradingview.com/...d-Short-Opportunity/) and have missed previous entry points, it seems that the pair is now in the process of completing a minor consolidation structure right under the daily trend line, after breaking it.
Once this small consolidation structure on the 4hr and 60min timeframes is completed, either on a 3 or a 5 wave count (we don't know as yet), we warmly recommend not to miss the sell, as the minimum expected target on this pair is in the lower weekly trend line around the 1.27 area and there is a potential to also break it for huge downside.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
Once this small consolidation structure on the 4hr and 60min timeframes is completed, either on a 3 or a 5 wave count (we don't know as yet), we warmly recommend not to miss the sell, as the minimum expected target on this pair is in the lower weekly trend line around the 1.27 area and there is a potential to also break it for huge downside.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.