GBPCHF - Wait For The Trigger 🎯

15 בינו׳

Hello TradingView Family / Fellow Traders,

📈 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.

📉 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.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr