Sterlina / Franco svizzero
Short
Aggiornato

GBPCHF - Rising Wedge Pattern

144
A rising wedge pattern has been spotted with price below the lower trendline.
Traders who have longed this pair should consider exiting any long positions.

Plotting a fib line, I am only comfortable to short when price breaks below the 23.6% retracement.

Key support and resistance levels have been drawn using the navy blue lines.
Main TP will be 50% fib retracement.

R:R at about 1.5, good luck.
Trade attivo
Nota
Having some floating loss at the moment.
Nota
Will look to close early if price goes above the trendline.
istantanea
Nota
I know it has been a few days, but the effort to wait was not wasted, we are in the money now. Hope you guys did not close the trade early.
Suggest to shifting SL to breakeven for a risk-free trade for those who are still in the trade. Have a good week ahead.
istantanea
Nota
We are in the money at about 160 pips, suggest to shift SL to 50 to 100 pips profit.
istantanea
Trade chiuso manualmente
Trade stopped out at 100 pips profit as SL shifted.

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