GBPCHF - Looking For Sell Setups ⬇️

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

GBPCHF is stuck inside a range in the shape of a symmetrical triangle.

As per my last analysis (attached on the chart), GBPCHF was around the lower orange trendline so we were looking for buy setups.

Now GBPCHF is approaching the upper trendline, so we will be looking for sell setups.

Moreover, the blue zone is a strong supply.

🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue supply and upper orange trendline. (acting as non-horizontal resistance)

As per my trading style:
As GBPCHF is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top 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