GBPCHF - Over-Bought Zone Again ❗️

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈 GBPCHF has been overall bearish, trading within the falling wedge pattern in blue.

At present, GBPCHF is undergoing a correction phase and it is currently approaching the upper blue trendline acting as a non-horizontal resistance.

Moreover, it is retesting a strong resistance zone marked in red.

🏹 Thus, the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the red support and upper blue trendline.

📚 As per my trading style:
As #GBPCHF is around the blue circle zone, I will be looking for bearish reversal setups (like a top bottom 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