Updated

GBPCHF (1D): A Short-coming!

Timeframe: 1D
Direction: Short

Confluences for Trade:
- Bearish candle formations
- Stochastic Overbought momentum
- Breaking S/T Trendline & Currently at Resistance of M/T Trendline (since April 2018)
- Fundamentally, Brexit uncertainty still remains in EU-UK negotiations; and even within UK government themselves.

Suggested Trade:
Entry @ Area of Interest 1.3020 - 1.3080
SL: 1.3162
TP: 1.2802
RR: Approx. 1.73 (Depending on Entry Level)

May the pips move in our favor! Good luck! :D

*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.

Trade active

Note

Strong bearish engulfing candle supports the downward movement.

Good luck! :D

Note

Moved SL to BE levels

Note

Lock in half of your profits. :D

Trade closed: target reached

TP hit, let's find the next winning trade. :D

weekendanalyst

Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.

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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.

weekendanalyst

Disclaimer: The personal opinion above does not constitute as an investment advice. Any trade decisions taken based on the above opinion is purely at your own risks. DYOR.

Also on: