GBPCHF– Buyers might looking for higher price levels.
GBPCHF– Buyers might looking for higher price levels.
Trend: Strong Buy
Support/Resistance:
R4: 1.32568
R3: 1.31354
R2: 1.30288
R1: 1.28926
S1: 1.28275
S2: 1.27360
S3: 1.26577
Price action:
Sellers are working on potencial sell because of weak eur currency on the other side. Sellers has to break S1 and then will be even more stronger then, they are now. Nzd currency is same showing good power from overall perspective, which made this currency pair more attractive to trade.
Potencial trade idea:
Bulls targets:
T1: 1.30288
T2: 1.31354
T3: 1.32568
Bears targets:
T1: 1.27360
NOTE – We are trading GBPCHF via the preferred trading setups
ELITEFXACADEMY
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Trend: Strong Buy
Support/Resistance:
R4: 1.32568
R3: 1.31354
R2: 1.30288
R1: 1.28926
S1: 1.28275
S2: 1.27360
S3: 1.26577
Price action:
Sellers are working on potencial sell because of weak eur currency on the other side. Sellers has to break S1 and then will be even more stronger then, they are now. Nzd currency is same showing good power from overall perspective, which made this currency pair more attractive to trade.
Potencial trade idea:
Bulls targets:
T1: 1.30288
T2: 1.31354
T3: 1.32568
Bears targets:
T1: 1.27360
NOTE – We are trading GBPCHF via the preferred trading setups
ELITEFXACADEMY
Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased.
Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Comment:
low momentum.. be carefull at this trade
Trade closed: target reached:
ALL TARGETS WERE REACHED