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
📉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
This analysis is done using RichTL
www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
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www.RichTL.com
My Telegram Channel
www.t.me/thesignalyst
Best CFD broker
cutt.ly/TickmillReal