GBPCHF - POTENTIAL SHORT ENTRY POSITION

This is my outlook for GBPCHF Pair. GBP shows strong movement for bullish this week and yesterday daily candle closed still remain as a strong bullish candle. But, current price for this pair almost reach one of the major resistance as you can see in Daily Timeframe. Not enough reason to put an instant sell position since we need to see whether the price break this resistance or not. If there is a wick rejection of 1.2200 price should be a great sign to sell for this pair. Keep calm and watch the movement. You may sketch and put a pending order of sell limit there. Trade at your own risk !

Trade Idea : Short
Price : Sell Now or Wait For Sell Limit
Take Profit : 1.1905
Stop Loss : 30-45 Pips


Disclaimer!
This analysis does not give traders any confirmation on trading execution! It is for educational purposes only. You can refer this analysis and outlook for trading idea but trade at your own risk and trust your analysis first! Thank you and good luck for everyone!

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