InvstingWise

GBPCHF bearish potential

Short
FX:GBPCHF   British Pound / Swiss Franc
Beautiful ascending channel on the daily that reacted exactly at 61.8 fib level. Also the ascending 4-hour channel with the continuous divergence on the MACD, gives good possibility for price to retest the blue bottom. In terms of fundamentals, you should be very cautious on Thursday due to Interest Rate Decisions on both currencies.

1) Never risk more than 2% of your account.
2) Try to be emotionless by applying your strategy to the pip.
3) Invest to yourself and then your capital. Try to educate yourself along with the signals and enhance your risk intelligence and your perception on how Markets work.
4) You do not have to be extremely precise to be highly profitable as long as you take the set-ups with big R/R.

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