Roker1
Short

Short on GBPCHF?

FX:GBPCHF   British Pound / Swiss Franc
Hey guys,
we were waiting for a nice selling signal on this pair, and maybe this is happening. Price has reached another key level of daily structure and the RSI is in divergence on the daily as well as overbought on this timeframe. Moreover you can see price action has given the first signal of rejection with a pinbar (long wick to the top) that could be additionally confirmed by the current candle that could be engulfing . Stops above 1,31.
First target with at least 1:1 RR, second to be determined.
It all depends on the current candle close.
I'll keep you updated.

If you want to ask questions or share your view, feel free to comment below.
Otherwise, see you in the next chart!
Trade active
Trade closed: target reached: First target hit! Stops to breakeven.
Trade closed: target reached: Out the second position:
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, I would like to ensure that what I observed was that on H4; the previous 2 candles formed an bearish engulfing (03.00 and 07.00 - 2017/05/11), and on daily chart, is it that a forming of evenstar pattern? Thank you for your sharing ideas, so i'm just looking for a good entry for tomorrow.
+1 Reply
Roker1 nakarin.stk
@nakarin.stk, my reason for entry was the pinbar followed by an engulfing candle, but i don't know how to call the daily chart pattern, however i think you can wait for a pullback and then sell again. Have a nice day!
Reply
@Roker1, Your reasons was right! Wish you a present weekend and thank you for your sharing as well.
+1 Reply
Roker1 nakarin.stk
@nakarin.stk, you're welcome! Feel free to comment whenever you want!
Reply
Hi, GBPCHF, did u go short at 3038?
+1 Reply
Roker1 HarjitSamra
@HarjitSamra, 3042
Reply
when you would go for a trade ?
+1 Reply
Roker1 Xgeorgicek
@Xgeorgicek, it depends on the situation, here a pinbar followed by engulfing is enough
Reply
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