voycefx

GBFCHF Fakeout or Bearish?

FX:GBPCHF   British Pound / Swiss Franc
Here we see price has broken from the upside, now we wait to test the allocated resistance shown above. Price could continue to possibly form to the downside if upside is not broken.

Let me know your thoughts.

Comments

I have been short on this trade for what feels like an eternity :/ starting to doubt the set up however
+1 Reply
voycefx DarrenMilligan
@DarrenMilligan, We could maybe see it touch 1.22 before sell off, or even sooner. I feel a short is due, as of exhaustion and the break of the trendline.
+1 Reply
@voycefx, Fingers crossed i should have taken my profit @1.18730 was no expecting the pull back, lets hope she falls tonight
Reply
I am currently short on this trade and hope my analysis is correct. Expecting move down to start Thursday and end middle of next week.
+1 Reply
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