amgiacov
Short

GBP/CHF - Triple RSI setup

FX:GBPCHF   British Pound / Swiss Franc
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4
24 2
Overbought on the 1H and 4H chart with this price action.

Not sure what is driving this higher. This is about to go overbought on the 15M.

I am already short at 1.25798 with failed bear bat pattern. Will add to short once 15M is overbought on RSI (21) with a drawn trendline break .

Trade at your own risk.
Apr 18
Comment: Triple RSI confirmed. Drawing trendline
Apr 18
Comment: PM May has called for an early June 8th election. This has driven the price action which has defied the bear patterns. This will likely become a short position that needs patience. My personal belief is that Brexit will harm the GBP. Thoughts?
Advise please for sl and tp
Reply
amgiacov huseyinraho
@huseyinraho, I do not use SL. I trade small to limit my risk. TP is 1.24
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