GBPCHF trade idea on H2

2020-01-16 08:14:00

Note : we have clearly seen the price breakdown the support level and now that level has the potential to become a resistance level, the area is also supported by a bearish trendline structure that is still valid, this is called a confluent area

Plan : wait for prices to bounce off horizontal / trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL

**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.

Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)

GWBFX