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GBPCHF H1: +150/+300 pips Best Level to SHORT/HOLD (SL/TP)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
Tagged as SHORT because I expect more losses
short-term and mid-term as well. SHORT/HOLD IT.
🔸 Summary and potential trade setup
::: GBPCHF H1/candle chart review
::: speculative 3 drives BEARISH setup
::: 2 drives already printed expect DUMP
::: 1560 heavy overhead resistance (+-30 pips)
::: speculative reversal setup BEARS
::: SWING trade setup / higher risk
::: shorting near 1560 makes sense
::: updated/revised outlook
::: setup still valid as of right now
::: BEARS likely taking over from resistance
::: expecting reversal / backtest of 1250
::: BEARS focus on SHORTING HIGH from my level
::: near 1560 is a great Risk/Reward entry BEARS
::: right now most likely short-term gains /
::: so get ready for the FINAL PUMP
::: SHORT/HOLD rips/rallies near 1560
::: best reload BEARS near 1560 later
::: TP1 BEARS +150 pips TP2 BEARS +300 pips
::: Recommended strategy: SHORT/HOLD exit 1250
::: just load it up and get paid, period
::: good luck traders
🔸 Supply/Demand Zones
::: SUPPLY 1560
::: DEMAND 1250
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment short-term: BULLS/PUMP/1560
::: Sentiment outlook mid-term: BEARS/REVERSAL/1250
RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.