Bearish Sentiment on GBPCHF
I have a strong conviction about the continuation of the current sells on GBPCHF. The sell setup here are backed by the following confluences of-
1) Market Structure(BoS)
2) Supply
3) Imbalance
4) Liquidity
I will patiently wait for a possible retracement back to the Supply zone, then head further to the lower timeframes for a lower timeframe confirmation Choch which is a- higher high, higher low, higher high and then an impulsive/aggressive lower low. If this emerges successfully, I’ll also identify on the lower timeframe ChoCh structure for my confluences of- Supply, Imbalance and Liquidity. If all is present I’ll place my entry on the lower timeframe supply. My profit target will be a 1:3RR.
Note that the market is all probabilities which also makes my analysis a probability.
1) Market Structure(BoS)
2) Supply
3) Imbalance
4) Liquidity
I will patiently wait for a possible retracement back to the Supply zone, then head further to the lower timeframes for a lower timeframe confirmation Choch which is a- higher high, higher low, higher high and then an impulsive/aggressive lower low. If this emerges successfully, I’ll also identify on the lower timeframe ChoCh structure for my confluences of- Supply, Imbalance and Liquidity. If all is present I’ll place my entry on the lower timeframe supply. My profit target will be a 1:3RR.
Note that the market is all probabilities which also makes my analysis a probability.
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