GBPCHF LONG-TERM SHORT SELL. TREND REVERSAL.
Looking back, price has not traded here in a long time.
There is no zone in that area in recent past meaning this is a very good zone.
The only downside is that it happens to be 80 pips wide.
But the fact that this is a strong area to sell is good enough reason to take this trade.
Depending on arrival and the formation of new demand below, this zone should return 5:1 easily
EP: ~1.51160
SL: ~1.51960
TP: >1.47160 (5:1, 400 pips)
There is no zone in that area in recent past meaning this is a very good zone.
The only downside is that it happens to be 80 pips wide.
But the fact that this is a strong area to sell is good enough reason to take this trade.
Depending on arrival and the formation of new demand below, this zone should return 5:1 easily
EP: ~1.51160
SL: ~1.51960
TP: >1.47160 (5:1, 400 pips)
