GBPCHF - Following The Trend 🏄‍♀️

31 באוק׳ 2023

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📉GBPCHF has been overall bearish trading inside the falling blue channel, and it is currently approaching around the upper trendline.

Moreover, the zone 1.11 is a strong resistance.

🏹 So the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the red resistance and upper blue trendline acting as a non-horizontal resistance.

As per my trading style:
As GBPCHF approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich