GBPCHF Channel and Fib Resistance, Trend Support
The pair hit my fib resistance/channel resistance intersection and bounced back down.
I'm using a Sell stop as shown to take advantage of more channel movement for the pair uppon a break of my trend support (green) which would also coincide with the creation of a new low since the local peak.
R:R of position shown: 5
I'm using a Sell stop as shown to take advantage of more channel movement for the pair uppon a break of my trend support (green) which would also coincide with the creation of a new low since the local peak.
R:R of position shown: 5
