GBPCHF Short trade setup

FX:GBPCHF   British Pound / Swiss Franc
695 0 18
GBPCHF             Potential Short position here.
-Bearish trend since the start of 2016
-ABCD extension in play
-Watching for rejection around the 0.5/0. 618 retracement area (DAILY)
-Breakout of the triangle and currently retesting area
-Daily significant support which is now resistance (the purple boxes)
-I'm waiting for a breach of the trend line and minor support (purple box just below price)
-Break and close below 1.2426 and we will short
-Be patient DO NOT jump the gun here.
-It also has the potential to break to the upside.
Trade safe and have a great week!!!
Comment: Daily viewpoint....Significant support now resistance

Order cancelled: Trade cancelled as we didn't see the price which I wanted to enter at. On to the next one
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out