Short GBPCHF Range Bound Trading

GBPCHF Breakout Analysis
February 4, 2025
Technical Setup: short on resistance level

Price in the consolidation period
Bearish candle on resistance level

Trade setup
Range bound trading
short on resistance
bearish candle on the resistance area on 4h timeframe

Trade Opportunity

Entry: short on price on resistance level
Stop Loss: above swing high resistance
Targets: previous support on sideways trend