On the 60min timeframe, on
GBPCHF
, we will be monitoring for potential short opportunities on the break of what seems to be a small correction. Stop loss above correction and watch it when it gets to the lower trend line on the 4hr timeframe, at which point you will want to put your stops in break even, or watch your positions very, very closely, as we will need to see if it finally breaks or if it comes back up for more upside, and be very careful, as positions opened at these levels are extremely close to the aforementioned 4hr timeframe.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min 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 small losses you might incur in before profiting from a good trade.
Thank you for viewing.
GBPCHF
, we will be monitoring for potential short opportunities on the break of what seems to be a small correction. Stop loss above correction and watch it when it gets to the lower trend line on the 4hr timeframe, at which point you will want to put your stops in break even, or watch your positions very, very closely, as we will need to see if it finally breaks or if it comes back up for more upside, and be very careful, as positions opened at these levels are extremely close to the aforementioned 4hr timeframe. If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min 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 small losses you might incur in before profiting from a good trade.
Thank you for viewing.