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gbpchf h4 short from S/R TP +150 pips
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🔸Hello traders, let's review the 4 hour chart for GBPCHF today. Recently price was locked
inside distribution trading range and subsequently it broke down below key s/r level near
1250 and hit 1050. Expecting limited upside and reversal off the premium prices overhead.
🔸Short-term expecting final pump into overhead resistance / premium prices near
1200/1220, risk/reward shifts in bears favor once we trigger premium prices overhead.
🔸Recommended strategy for GBPCHF bears: wait for the short-term pump into resistance
and short-sell from overhead resistance near 1200/1220 SL 40 pips TP1 +75 TP2 +150 pips.
final TP/exit bears is at 1080, which is premium price near range lows of the recent range.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
inside distribution trading range and subsequently it broke down below key s/r level near
1250 and hit 1050. Expecting limited upside and reversal off the premium prices overhead.
🔸Short-term expecting final pump into overhead resistance / premium prices near
1200/1220, risk/reward shifts in bears favor once we trigger premium prices overhead.
🔸Recommended strategy for GBPCHF bears: wait for the short-term pump into resistance
and short-sell from overhead resistance near 1200/1220 SL 40 pips TP1 +75 TP2 +150 pips.
final TP/exit bears is at 1080, which is premium price near range lows of the recent range.
🎁Please hit the like button and
🎁Leave a comment to support our team!
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
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