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FuturesForexClasses

GBPCHF / H1 / Daily Forex Technical Analysis / 8.12.2019

Short
British Pound / Swiss Franc (OANDA:GBPCHF)  
FuturesForexClasses  
OANDA:GBPCHF   British Pound / Swiss Franc
Trend Analysis Harmonic Patterns Chart Patterns GBPCHF gbpchfshort dailyanalysis h1 Forex Technical Analysis forexsignals forextrading august2019
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trendanalysis harmonicpatterns chartpattern gbpchf gbpchfshort dailyanalysis h1 forex technicalanalysis forexsignals forextrading august2019
Hello Traders, welcome to the Daily Forex technical analysis. Today is August 12th, 2019 and we will be taking a look at the British Pound against the Swiss Franc. Looking at the 1 hour time frame, price action is currently heading upwards towards the previous area of resistance at the 1.79 region. If price action can hold at this level and not flip bullish by regaining this area as support we will look for an entry short. Entry for a Short position near the 1.7897 area, with a Stop Loss near the 1.18361 region, and a target level area of 1.17003 to possibly ensure a profitable trade with a 1.93 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
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