GBPCHF Breakout Analysis
February 4, 2025
Technical Setup: short on resistance level
Price in the consolidation period
Bearish candle on resistance level
Trade setup
Range bound trading
short on resistance
bearish candle on the resistance area on 4h timeframe
Trade Opportunity
Entry: short on price on resistance level
Stop Loss: above swing high resistance
Targets: previous support on sideways trend
February 4, 2025
Technical Setup: short on resistance level
Price in the consolidation period
Bearish candle on resistance level
Trade setup
Range bound trading
short on resistance
bearish candle on the resistance area on 4h timeframe
Trade Opportunity
Entry: short on price on resistance level
Stop Loss: above swing high resistance
Targets: previous support on sideways trend
Trade closed: stop reached
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.
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.