GBPCHF - SELL IDEA
In the GBP/CHF 15-minute chart, a potential short trade is emerging as the pair completes its upward correction, identified as wave (b). The chart suggests that wave (c) could drive the price down towards the 1.11444 level, which aligns with a Fibonacci extension target.
This scenario points to a continuation of the downward momentum, with the pair likely seeking lower levels as it completes its corrective pattern. For those considering a short position, this setup could offer a viable opportunity, targeting the 1.11444 mark as the next key support.
As always, ensure to apply solid risk management practices and keep an eye on any signs of reversal or changes in momentum that could affect the trade's outcome.
This scenario points to a continuation of the downward momentum, with the pair likely seeking lower levels as it completes its corrective pattern. For those considering a short position, this setup could offer a viable opportunity, targeting the 1.11444 mark as the next key support.
As always, ensure to apply solid risk management practices and keep an eye on any signs of reversal or changes in momentum that could affect the trade's outcome.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.