Godal Member's, Traders and Aspiring Traders . Todays shared post is on .
Pair : GBPCHF
Time-Frame : Daily
Biased
Bearish: A breakout out has taken place this week from the identified daily ascending channel. I will now be waiting for the retracement for further downside if price action provides personal entry criteria once price action test the red zone allocated on the chart which represents a new resistant zone.
Not only that , this can also be identified as a clear potential ABC pattern which I personally call I/P/C ( Impulse , pull-back, continuation)
Pair : GBPCHF
Time-Frame : Daily
Biased
Bearish: A breakout out has taken place this week from the identified daily ascending channel. I will now be waiting for the retracement for further downside if price action provides personal entry criteria once price action test the red zone allocated on the chart which represents a new resistant zone.
Not only that , this can also be identified as a clear potential ABC pattern which I personally call I/P/C ( Impulse , pull-back, continuation)