gbpchf h4 short from S/R TP +150 pips

2023년 9월 6일

🔸Hello traders, let's review the 4 hour chart for GBPCHF today. Recently price was locked
inside distribution trading range and subsequently it broke down below key s/r level near
1250 and hit 1050. Expecting limited upside and reversal off the premium prices overhead.

🔸Short-term expecting final pump into overhead resistance / premium prices near
1200/1220, risk/reward shifts in bears favor once we trigger premium prices overhead.

🔸Recommended strategy for GBPCHF bears: wait for the short-term pump into resistance
and short-sell from overhead resistance near 1200/1220 SL 40 pips TP1 +75 TP2 +150 pips.
final TP/exit bears is at 1080, which is premium price near range lows of the recent range.

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Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
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