GBPCHF: Trading Plan For Next Week

21 sept 2019

hey traders,

I was paying close attention to GBPCHF for a while
as it started approaching a significant level of resistance.

Finally on a daily RSI shows us clear divergence and very nice dodji.
The market also leaves clues on a 4H:
pair was trading in a rising parallel channel for more than two weeks
and finally, the market has set a lower high.

The last thing that I am looking for is a bearish breakout of a channel.
It will be a perfect confirmation to open a short trade.

Targets are
1.22
1.20

Stop 1.25

*if the market sets new higher high higher close, setup will be invalid