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
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
adwattoo NTrading
sir forecast for EUROUSD
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
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