NTrading
Short

GBPCHF Strong Short Opportunity

FX_IDC:GBPCHF   British Pound/Swiss Franc
209 6 8
GBPCHF             is within the daily channel and it broke the 4 hour channel to the downside. In addition it did a correction to 61.80% of Fibonacci. If it breaks the current correction structure, it will be a strong short opportunity.

If it does not break to the bottom i am not interested in a long trade yet. Do not hurry to trade it, wait for a valid breakout

Thank you!
Comment: Trade worked out as expected. Moving Stop Loss to BE for a risk free trade
ok we will wait
Reply
can i enter sell possition know....?
+1 Reply
NTrading rajenderam40
Better to wait for a valid breakout of the current correction structure. However i do not know your trading style, your Stop Loss, Take Profit, so i cannot suggest you anything.
+1 Reply
Thanks....
Reply
adwattoo NTrading
sir forecast for EUROUSD
Reply
NTrading adwattoo
I have update my EURUSD, in technical analysis pattern for H&S just completed with ECB, in addition we have 1 more wave down in Weekly. Check my EURUSD last forecast.
+1 Reply
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