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joshuasiloam

POTENTIAL BEARISH RALLY ON GBPCHF, H4

Short
Sterlina / Franco svizzero (FX:GBPCHF)  
joshuasiloam  
FX:GBPCHF   Sterlina / Franco svizzero
Trend Analysis Technical Indicators Chart Patterns
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trendanalysis indicator chartpattern
In my last post, i anticipated price going bearish but went bullish to retest the same resistance and couldn't break through again eventually.
Immediately after A BEARISH ENGULFING CANDLE was formed and now eventually tested the trend line ...

There is another opportunity forming to go short.

Sell limit is advisable just after the price breaks the 1.17622 to target TP1
MACD is bending towards a bearish rally for a while.

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