She needs to stop looking in the mirror ;p
Take note of this key resistance turned support zone that price is currently at as I wont spoon feed you forever! So we are expecting bullish movement from this area.
This is a good area and is obviously where big banks have set orders previously, so start thinking like a big investor and start making money instead of...
After constant testing of support level 1.256 we can see price finally breaking lower whilst still fitting within this downward channel pattern which should lead this pair to the major bottom level 1.24250. If so, this should give one last impulse within the channel pattern before any wave theory reversals can be put intact. Waiting for a retest of this...
I've been watching this trade for a while now. This pair is about to complete XABCD pattern. Once completed I will go short on this pair. I've marked entry point, tp and sl for you as well.
This trade is only valid once it reaches the entry point. Let me know your thoughts.
Trade safe and good luck.
GBPCHF Pending Long Opportunity @13150
Brexit Pressure has eased off the gas peddle for a while
No Real News Shockers to deflate the GBP due soon due to Govt recess holidays
We have gone long on the GBP pairs
GBP Short Bias
- LogicStrategy Quant score seen consecutive days of economic contraction for Great Britain. (-7) on the 26/03 and (-4) on the 27/03
CHF Long Bias
- LogicStrategy Quant scores saw a huge (+25) shift from 38 to 63 - showing continual swiss strength.
This idea suits the uncertain agenda for the british economy - with the institutions moving cash...
Big candles going straight for trend line indications reversal. Tiny stop loss of about 25 pips so easy to jump on now. Risk Reward for this trade is about 13/1 which is amazing. Price above 50 and 200 EMA so indicating long bias again. FX:GBPCHF