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GBPCHF H4: +150/+300 pips Best Level to SHORT/HOLD (SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more losses
short-term and mid-term as well. SHORT/HOLD IT.
🔸 Summary and potential trade setup
::: GBPCHF H4/candle chart review
::: speculative 3 drives BEARISH setup
::: 2 drives already printed expect DUMP
::: rejected from mirror S/R overhead
::: speculative reversal setup BEARS
::: SWING trade setup / higher risk
::: shorting at MARKET NOW makes sense
::: updated/revised outlook
::: setup still valid as of right now
::: BEARS likely taking over from resistance
::: expecting reversal / backtest of 1000
::: BEARS focus on SHORTING near MARKET PRICE
::: fresh liquidity zones at 1090 and 0940
::: right now DUMP MODE
::: no valid setups for the bulls in this market
::: SHORT/HOLD near market price
::: best reload BEARS near 1240
::: TP1 BEARS +150 pips TP2 BEARS +300 pips
::: Recommended strategy: SHORT/HOLD exit 0940
::: just load it up and get paid, period
::: good luck traders
🔸 Supply/Demand Zones
::: SUPPLY 1240
::: DEMAND0940
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BEARS/DUMP/0940
::: Sentiment outlook mid-term: BEARS/DUMP/0940
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.