Gbp/Chf (Rejections after Rejections after Rejections)

2020-01-05 11:22:55

I believe this will move up! I do not believe this is a long term buy! On the weekly chart the 5 Sma and 10 Sma has already crossed to the downside giving me a sell signal on this pair on the weekly chart! HOWEVER.... I Do Not Have A Entry To Sell Yet!!!!!!! Price can move up 100 to 200 pips or more before being a sell again!!!!

So My Plan is to wait!!!! If i see price moving up on hour 4 , I may try to scalp this pair for some pips up ... but overall im looking for a Sell Trade!!!!!!
You can see on the chart that price keeps rejecting over and over and over at the current price level... so expect a move up!!!!!
Do not enter buy right now! Just because im saying that this will go up does not mean I am saying "BUY NOW"
You must wait and enter with your system!!!! If you do not have a system , then you have a lot of work to do!!!!
I am at this current moment testing systems in a demo account and I always will!!!!