GBPCHF 6H chart, short on lower lows

FX:GBPCHF   British Pound / Swiss Franc
General trend has been bearish for many months. The pitchfork indicates the trend and the mean of this trend (the red line). The mean is where price is likely to reverse towards. At the moment it's moving around a strong SR zone (a channel and SR zone as indicated by the blue horizontal line).

When it does start making lower lows, there's a good entry here for a reversal to the median line .

Let's see how it develops the next couple of hours.

Comments or idea's, let me know.

Good trading!
Comment: Didn't form at all, waiting for another reversal to set up
Comment: Setting up for a new short trade
Order cancelled: This is not looking to move down anytime soon
Comment: It's at a new major SR zone, lets see if we get reversal signs here
Comment: Reversal is likely to happen this time
Trade active: Been active for a while
Trade closed: target reached: Waited and the result is there, pleased :)
Collected almost 290 pips :)
Reversal is in progress, this is how i'll be going to enter this trade
Price reached the outer parallel of the pitchfork, reversal here is very likely
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