Roker1
Short

Short setup on GBPCHF at market

FX:GBPCHF   British Pound / Swiss Franc
Hi guys,

this is a real time trade here. On GBPCHF             price has reached a level where often times in the recent past it's found resistance or support. You can see every time it got there, price had some kind of reaction to that level. Now price has come back to it and it's forming RSI divergence while climbing up. The last candles make me think we could be headed lower and that's why i'm shorting at market, with stops above the highs and targets as shown above.
If you want to be more conservative, you can wait for a break of this trendline:


If you have any question/idea, feeel free to share.
Otherwise, see you in the next chart!
Trade closed: stop reached
Se sei d'accordo, lascia un mi piace! Grazie
Canale Italiano: https://www.youtube.com/c/MisterForexIT
Ultimo video: https://youtu.be/0rIFF-j4kdM

If you agree, like this chart! Thanks
My last (english) videoanalysis here: https://youtu.be/RUySg8LW6Iw
Hi Roker! Loving your analysis, I have a few questions on this chart. Are the dotted lines on the right support / resistance? Also, do you work on 4 hour timeframe the most? I struggle to work between timeframes as I never know which one to stick with! Thank you!
+1 Reply
Roker1 JordanWillson
@JordanWillson, i usually do a top down analysis, starting from higher tf and going lower. The dotted lines represent entry, targets and stop loss level.
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@Roker1, Brilliant thank you for getting back to me. I appreciate your time!
+1 Reply
Roker1 JordanWillson
@JordanWillson, anytime!
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