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RECAP OF THE IDEAS POSTED THIS WEEK AND THE LAST TRADE IM IN, GBPCHF
BASED ON THE ANALYSIS ABOVE WE HAVE A BULLISH VIEW ON THIS PAIR AND ANY VALID TRADE OPPORTUNITY WILL BE TAKEN TO PUSH THE MARKET TO THE MENTIONED TARGET
GBPCHF has broken to the downside on a 3 wave structure on the daily time frame and has done so on the H4 time frame as well. This is an indication of a continuation to the downside. Trading Signal Service: www.greenboxmarkets.com Forex Trading Course: www.greenboxmarkets.com
Is it a Bearish Wedge or is it 3 Rising Valleys? Look for the Breakout Buy or break below and small retest for a Short.
GPBCHF is Standing on D1 Resistance zone There are several reasons to short this pair Reason 1: D1 Resistance Zone Reason 2: Triple Top ? (If Current D1 candle closes as Bearish "Engulfing" Reason 3: H1 Ascending channel downside Breakout Reason 4: Bearish RSI divergence Reason 5: If Price pulls back to 1.3390-1.3410 and forms Bearish Price action candlestick...