Trading in descending channel pattern ; Sell higher buy from Low

In daily chart we can see that potentially pair is following a descending channel pattern , as pair has been making lower lows , we can avoid buying gbpchf at current levels .

Our strategy is to wait for price to reach near top of channel or near bottom of channel from where we will look for opportunities ,

Buy in case price manages to reach bottom of channel in coming 2/3 sessions , if not then wait for price to move higher near resistance and channel top in order to sell the pair..

In these articles we post intraday possible outcomes of pairs based on naked trading setup only .. We do not take into account fundamental news which may move pair significantly in any direction , follow your trading plan .