See daily chart of GBPCHF below for the discussion that follows.
GBPCHF is close to an area of resistance (prior support). I will be looking for bearish price action / candles as confirmation of this resistance before I go short.
Remember, always have your own trading plan and never follow other people blindly. Always know where you will be proven wrong on any trade and have stops in place. Stick to your stops and never bet the farm.
On Ideas: Please don’t take this as trading advise. Please do your own due diligence before entering any trade. Also see Disclaimers.
Thanks for reading.
