GBPCHF Trade Idea Bearish Shark And Short Opportunity
CHART TIMEFRAME: 4 HOURS
PATTERN: BEARISH SHARK
PREDICTED PRICE ACTION: GBPCHF will complete Bearish Shark Pattern at D Leg 1.34230. Possible retracement to Fibonacci 38.2 and 61.80.
AREA OF ENTRY: 1.34400 – 1.34200
STOP LOSS: 1.35200
TAKE PROFIT 1: 1.33000
TAKE PROFIT 2: 1.32200
NOTE: You need to wait for the Daily Closing / Opening of the candlestick to enter the trade.
IMPORTANT: Patience and Money Management are key to success in trading. Your risk ( Stop Loss ) must be maximum 1%.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.