Prices for GBPCHF fell sharply away from the 1.4483/1.4498 area pretty strongly, penetrating deep into the H1 demand zone.
This signifies the end of that zone as it may not survive another move into the area.
If this works out, it pays 3:1 at least with a 15-pip risk.
Profit target also lines up with half the distance between the demand zone below and the supply zone above.
The only two issues with this trade, are;
1. GBPCHF is in an uptrend in the short-term. Supply zones are getting violated.
2. The demand zone is in control, as it is from a bigger timeframe.
This signifies the end of that zone as it may not survive another move into the area.
If this works out, it pays 3:1 at least with a 15-pip risk.
Profit target also lines up with half the distance between the demand zone below and the supply zone above.
The only two issues with this trade, are;
1. GBPCHF is in an uptrend in the short-term. Supply zones are getting violated.
2. The demand zone is in control, as it is from a bigger timeframe.
