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thomaslucianuk

GBPCHF - Short Trade at Fib Level & Top of Descending Channel

Short
British Pound / Swiss Franc (FX:GBPCHF)  
thomaslucianuk Updated   
FX:GBPCHF   British Pound / Swiss Franc
Trend Analysis
2
0
trendanalysis
Confluence of 0.382 Fib level and top of descending channel.

Look for possible shorts. Suggested target price could be 0.618 Fib at 1.23232.


GBPCHF
Comment:
Agree? Have another idea? Let me know!
Trade active:
Price chose to move above the descending channel - now observed a double top at descending resistance around 1.24800 and trading is active.
Trade closed: target reached:
Take profit #1 reached: Entry 1.25100, TP1: 1.24300. +80 Pips ✅✅
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