TradingClear

GBPCHF - Here we go - potential short opportunity

שורט
OANDA:GBPCHF   לירה שטרלינג / פרנק שוויצרי
Watch this very closely now, as GBPCHF ended Friday's trading session with what seems to be a new correction in the forming, so a great short opportunity for everyone.
Watch it when it comes to this small lower trend line: if it breaks, you don't want to miss the sell. Stop sell order below the structure and stop loss above it. Let us remind you the bigger picture on the daily and weekly timeframes, with an expected movement to the 1.14 area and a final target potentially sitting in the area below 1.10 (yes that's correct).

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Remember that you can double check the bigger structures that are at play are on higher timeframes, also by scrolling around the charts in the lower timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential losses you might need to accept before finding a good trade.

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