Technical Analysis For Potential Long Trade
Based on market structure GBPCHF 240min chart is in a downtrend
Price failed to reach at its last upmove the upper parallel of the rising channel
We had a sell off with start point the upper MLUP of the pitchfork
Entry: 1.24960
Stoploss: 1.25430
Profit target: 1.23510
3:1 risk/reward
Based on market structure GBPCHF 240min chart is in a downtrend
Price failed to reach at its last upmove the upper parallel of the rising channel
We had a sell off with start point the upper MLUP of the pitchfork
Entry: 1.24960
Stoploss: 1.25430
Profit target: 1.23510
3:1 risk/reward