GBPCHF resistance trend line + 0.618 pull back!

Hi traders,

GBPCHF pullback to resistance and now it is at 0.618 retracement level stopped price making a higher high. We can short around this level and aim 1.1890 and 1.1780. Use your own tested trading strategy to trade this move.

Kommentera:

Looks great for continuation downside, watch for a setup, I believe it will be here soon, and when here, will be highly impulsive to downside, I believe there's only one shot to get a trade.

Best of luck traders.

Kommentera:

Strong recovery across GBP pairs today, no issue. We just wait to see if it test the sideways resistance again. If it breaks above, the sell set up is invalidated and we don't look for a sell.

Very simple! Just do as the chart tells you. Trade what you see and NOT what you think.

Kommentera:

Price has retested the sideways resistance, will we see the buy setup we are seeking now?

Use your tested trading strategy to trade the down move.