GBPCHF Potential Bearish Setup

5 giorni fa

Distribution pattern with breakdown below key support suggests downside momentum.
Break above our Resistance zone will invalidate our trade setup; good idea to watch out if that happens.

- Breakdown Level: 1.08149 -1.08133
- Entry Strategy: Sell orders at BOS
- Stop Loss: Above Resistance zone
- Target Zones:
- Primary Target: Target 1 (R:R 1:2)
- Secondary Target: Target 2 (R:R 1:3)
- Extension Target: Target 3 (R:R 1:4)

Bearish/Bullish Confirmations:
🔻 Rejection candlestick patterns
🔻 Bearish Reversal patterns
🔻 Impulsive moves in line with setups directional bias

Position Management:
- Exit: Partial profits at targets
- Stop adjustment: Trail stops when target are hit

4 giorni fa

Trade attivo

GBPCHF setup is playing out: price pushed up for a corrective move as called. Now, we’ve got a clean rejection at our sell zone, with a BEARISH candle close on the H1 chart a good indication of Bearish pressure IMO. If GBPCHF stays locked under RESISTANCE ZONE, the Bearish idea is still intact. For now eyes on our TARGET zones.

4 giorni fa

Trade chiuso: obiettivo raggiunto

Target 1 (R:R 1:2) and 2 (R:R 1:3) has been reached a Trailing stop or Break even would be instrumental if chasing for Target 3