Probable Short Setup on GBPCHF
Strong bearish movement from the Monthly down to the Daily.
Wait for the price retracement to finish with a confirmation candle and the oscillator to the overbought area then go short with the stop above the 50EMA.
We then manage our trailing stop according to the OB OS cycle in the 15m or 1H chart.
Wait for the price retracement to finish with a confirmation candle and the oscillator to the overbought area then go short with the stop above the 50EMA.
We then manage our trailing stop according to the OB OS cycle in the 15m or 1H chart.