GBPCHF Short

28 thg 8, 2021

Simple Impulse Correction strategy. In this chart I'm seeing an overall bearish trend and price managed to breakout from its correction wave. Plus, theres a double top inside the correction wave indicating a bearish move. Stop loss in this case will be slightly above the double top and the target price will be atleast the same as the last impulse wave or can be 1.212 or 1.618 Fibonacci Ratio making it almost a 2:1 risk reward trade