I'm looking for sells on GBPCHF. The price is currently in a resistance area and I'm more bearish than bullish. If price breaks and retests the trendline to the downside, I'll be short but the trade will be invalid if the price decides to break the resistance area, comes back for a retest, and continues to go up...that's where I'll be looking for buys but for now,...
as you can see that there is a semicircle that I showed with the purple ray, which broke the line, we can now sell this pair which clearly shows that it is a sell according to the graph as well as the springbox that I surrounded
Though there is increased volatility due to the election news in Britain, it looks interesting that the market is currently retracing from the resistance, you may consider looking into it; I am not saying that traders should trade this pair at this time, but sharing this to let other traders know that the market is currently following the structure...
Hello everyone I posted this bearish trade at 1.47 and we are down to 1.455. We still have a chance to hold or add more bearish positions. Also there is another pattern at this current time, which makes be believe it will go further down.
The targets are highlighted on the chart.
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