I will sell wave 5 down GBPCHF after a pullback to wave 4
Sell GBP/CHF Entry 1 1.28040 Entry 2 1.28280 Sl 1.28600 Tp.1 1.27740 Tp.2 1.27540 Tp.3 1.27340 Tp.4 1.26980
Open position in the correction phase is always risky, but let see what happens next! Cheers!
I think we're in 4th wave and anytime it could be ended and start going up to finish the wave 5. Let see what happen ;) Cheers
BUY STOP - PENDING BUY BUYING GBP/CHF Entry: 1.2700 Target 1: 1.2767 (67+ pips) Target 2: 1.2862 (162+ pips) SL: 1.2583 (117- pips)
FX:GBPCHF Now this pair trading in a range between 1.26700 to 1.28500 We can expect the break out above the Moving average. Buy stop may placed @ 1.28500 level Potential Take profit will be 1.31000 Stop lose may placed below the 1.26600 level
GBP/CHF is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry. Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing! COLOR KEY (which time frame each markup is based on): RED -...
i can't put it in words, please read my mind. :) #acefxanalysis
Hi, Looking for a breakout of previous days highs. We formed a trend channel overnight and have broken it in the early hours. Technically we had a 50% retracement and are looking for a 1272 extension. Entry: 123193 Stop loss: 122843 Target: 123995 No trailing stop here.
Price have shown a nice move back up through various resistance lines. Now we see a clear level of support @1.195 and I expect a move up to @1.212 Just be patient and let's see what happens.
Important weekly support has been breached. The red line above the green line within the Ichimoku cloud marks continued declines. The gbpchf is below all the important moving averages. Uncertainty in the UK weakens the pound. Uncertainty in the global economy strengthens the chf Target: 1.1480
We have the Stochastic monthly which is already quite low. We arrive at a very big monthly support that just, for this reason, it is interesting to place a purchase order. target: 1.2550
We can see lots of confluence for a rebound on this pair : 1) Price rejected a strong horizontal support 4 times 2) Last trading day the pair printed a Doji (reversal pattern) 3) Huge RSI divergence But we can also see that the price might be capped a bit by a couple factors : 1) Descending trendline 2) MA50 If the descending trendline is broken we can see a...