Update chart of gbp/chf
I posted a chart Earlier in the in which I mentioned "How to trade reversals" and the good part was that I post a chart with recent activity and that chart was gbp/chf, and In now time price action witness a healthy sell-off from 1.5280 to 1.5200 and that was on the cards
Lets Explain further that what happened with the price the such quick fall in price action.
Moreover, It is natural behavior because when earlier attempt to reach the highs has failed after double bottom and price try to repeat with liquidity candles which was strong enough (The bullish engulfing patten I marked with blue rectangle in the second part), and was also the rotation center violation on the h1 chart (The chart I posted is h4).
When we really look to trade momentum through-out a day then we should first book partial profits because of recent low tempo, can really force price to visit broken temporary support and resistance areas.
I would try to post another example If I have time to time as I have try to keep updating the chart whenever I spot any opportunity
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