GBPCHF - Further collapse downwards

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Paun British / Franc Swiss (OANDA:GBPCHF)

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OANDA:GBPCHF Paun British / Franc Swiss

trendanalysis chartpattern indicator gbpchf sell short downtrend daily supportandresistance

Setup: Prices are following a very strong and steady D1 downtrend, as well they're testing a strong H4 resistance zone that hasn't been breached over the past week. Additionally a triangle formation has formed between the correction upward line and the main daily trend. I expect prices to breakout from their current positions downwards, so I'm setting up a short entry from the current zone with a very tight SL above the rejection tails of the H4 resistance and TP at the lows of last week.

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Dagangan ditutup: hentian tercapai

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