Update on GBPCHF SHORTS Hello Fellow Traders,
As we wrap up the week, I want to reflect on the past two weeks, during which I've experienced consecutive losses. Such ups and downs are a natural part of trading, and they serve as valuable learning experiences. I remain committed to sharing my insights and outlook with you all.
Currently, I have ongoing positions on GBPCHF, based on a longer-term perspective that I've previously discussed. I believe there's an opportunity for a short-term play today, which could complement our existing short positions.
On the H1 timeframe, I've identified a pattern that I'm familiar with and have been monitoring closely. This pattern, coupled with the identification of a liquidity pocket, presents a potential entry point for me.
This particular play offers a favorable risk-to-reward ratio, which, if it plays out as anticipated, could help recover the losses of the past two weeks and bring us back to break-even.
For me, trading revolves around managing risk and maximizing reward.
I wish you all a safe and enjoyable Friday.
Tradebudz
