Hello TradingView Family / Fellow Traders,
๐ GBPCHF is overall bullish from a short-term perspective trading inside the rising wedge in red.
However, it is currently sitting around a strong supply zone, thus we will be looking for sell setups.
๐ For the bears to take over and activate our sell setup, we need a momentum candle close below the last major low highlighted in gray.
Meanwhile, until the sell is activated, GBPCHF would remain bullish and can still break the supply zone upward.
๐ Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr