Short
potential short opportunity
GBPCHF has reached to its resistance level from which I expect it to go down a bit.
It's RSI on lower time frames are also overbought, which gives potential day-trading shorting opportunities.
If you have missed only enter if it bounces back but below 1.27, anything below 1.27 as sell entry from my point of view is risky.
SL: above daily 100MA
TP: fib based, can be daily 20MA. I will be using trailing stop once it reaches 1.268
GL and happy Monday. :)
It's RSI on lower time frames are also overbought, which gives potential day-trading shorting opportunities.
If you have missed only enter if it bounces back but below 1.27, anything below 1.27 as sell entry from my point of view is risky.
SL: above daily 100MA
TP: fib based, can be daily 20MA. I will be using trailing stop once it reaches 1.268
GL and happy Monday. :)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.