+200 pips Best Level to Short GBPCHF from Resistance

20 Şub

🔸Hello traders, let's review the H6 chart for GBPCHF today. Trading
near premium prices of the multiweek range, closing in on heavy S/R
Currently risk/reward is shifting in bears favor, so it's recommended
to look for sell side setups in GBPCHF.

🔸Heavy overhead mirror S/R zone at 1440/1460 expecting reversal
from overhead resistance. current bid is 1380so final push required
before we can get a decent entry on sell side.

🔸Recommended strategy for GBPCHF traders: short any rips/rallies near S/R 1440/1460 price is currently trading near premium levels and is almost maxed out already, limited upside. TP1 bears 1260 TP2 bears 1230 pips final exit 1230 +200 pips. This is a swing trade setup so naturally will take more time to complete / hit targets. good luck traders!

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