GBPCHF has reactednicely to this bearish 4hr channel along with the structure we found above.
We did take advantage of this pair yesterday and took some nice profit. Unlink some we don't hold trades over the weekend as anything can happen, news can happen and push price massively against you. Personally find it easier to just close, accept profits and wait for the new week.
So, price has pushed down and we saw that we broke this smaller zone of structure and price is continuing to trade below it. So, we will wait for the London open on Monday morning and look for an entry to get back into this pair for sells. Personal opinion, wait for the London open, price may wick up as the markets open up so this will be a great oppurtunity to get in at a good price and keep those SL's nice and tight.
We did take advantage of this pair yesterday and took some nice profit. Unlink some we don't hold trades over the weekend as anything can happen, news can happen and push price massively against you. Personally find it easier to just close, accept profits and wait for the new week.
So, price has pushed down and we saw that we broke this smaller zone of structure and price is continuing to trade below it. So, we will wait for the London open on Monday morning and look for an entry to get back into this pair for sells. Personal opinion, wait for the London open, price may wick up as the markets open up so this will be a great oppurtunity to get in at a good price and keep those SL's nice and tight.