Watch this very closely now, as
GBPCHF
ended Friday's trading session with what seems to be a new correction in the forming, so a great short opportunity for everyone.
Watch it when it comes to this small lower trend line: if it breaks, you don't want to miss the sell. Stop sell order below the structure and stop loss above it. Let us remind you the bigger picture on the daily and weekly timeframes, with an expected movement to the 1.14 area and a final target potentially sitting in the area below 1.10 (yes that's correct).
Please check our updates both on the higher and lower timeframes, and don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Remember that you can double check the bigger structures that are at play are on higher timeframes, also by scrolling around the charts in the lower timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential losses you might need to accept before finding a good trade.
Thank you for viewing.
Update idea
GBPCHF
ended Friday's trading session with what seems to be a new correction in the forming, so a great short opportunity for everyone. Watch it when it comes to this small lower trend line: if it breaks, you don't want to miss the sell. Stop sell order below the structure and stop loss above it. Let us remind you the bigger picture on the daily and weekly timeframes, with an expected movement to the 1.14 area and a final target potentially sitting in the area below 1.10 (yes that's correct).
Please check our updates both on the higher and lower timeframes, and don’t forget to follow us, if you feel that our analyses and views may be a useful complement to your trading strategies.
Remember that you can double check the bigger structures that are at play are on higher timeframes, also by scrolling around the charts in the lower timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential losses you might need to accept before finding a good trade.
Thank you for viewing.
Update idea