GBP CHF RISKY BULLISH SETUP AT THE DOWNTREND LINE OF THE DAILY CHART



In this video, I take a look at the Bullish and  Bearish Scenarios that could unfold at the major Downtrendline of the Daily Chart - an area that can present many decision-making problems for traders!


The analysis therefore explains the signals that are still needed to confirm the start of an Uptrend above this area to justify opening Long Positions - despite the Bullish Candle that has closed above the Trendline! I also explain the Bearish Signals that are required from the Pair and the key boundary that has to be broken in order to indicate the resumption of the Downtrend.






GBP CHF DAILY CHART BULLISH AND BEARISH SCENARIOS








Key Technical Factors

1. Once the market has returned to a major Trend Line, you have to consider both the Bullish and Bearish Scenarios;

2. A Bullish Close above a Downtrend Line is not a sufficient condition to justify trading Long.

3. A Bearish Signal at a Downtrend Line is also not a sufficient condition to start or continue trading Short.

4. We have to determine the Bullish and Bearish Signals that are appropriate for the setup being traded.

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Your Mentor

Duane Shepherd




(M.Sc. Economics, B.Sc. Management and Economics)
Currency Analyst/Trader
shepherdduane@gmail.com /(876)-393 3355

Facebook: DRFXTRADING
Website: www.swingtradingmentoring.com
Instagram: @DRFXTRADINGBOSS
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There are many well-intentioned Forex Courses and Mentors globally. However, most fall short of the mark in terms of what you really need to take advantage of the Forex because of the limited Testing and Research that went into creating their Systems.

This is why they only work in the Short-Term. 

To correct this, you need to have a totally new approach from the ground level with theories that have been extensively tested for 10 years, during both Normal and Abnormal market conditions.

This is what you will finally get as a DRFX Subscriber.

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