Is it crazy to short pound? Let's check price action!

FX:GBPCHF   英镑/瑞郎
Hey guys,
i know what you may think, probably after one day like this for the pound you wouldn't even consider a shorting possibility. However, patterns are always repeating, and our job, as techincal trader, is to find those patterns and keep trading them.
So here on the daily timeframe on the GBPCHF             you can see that the today's rally has brought price up to the completion point of the Gartley pattern and the AB=CD pattern.
This level also lines up with a psychological number, and most likely after today's close we'll be in overbought condition.
All the usual clues are there, the only part missing is a price action signal, that this time should be very strong; be careful when trading against the actual trend.
I'm going to pay attion to 4hr and 1hr charts to find trading opportunities within as long as price is in the blue box.
I'll keep you updated.

If you want to share your view, or simply ask questions, feel free to comment below.
Otherwise, see you in the next chart!
评论: Cypher as entry reason:
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano:
Ultimo video:

If you agree, like this chart! Thanks
My last (english) videoanalysis here:
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出