On the GBPCHF 4 hourly chart we have a potential set up at the D leg completion of a bat pattern . Targets are the on the chart.
Buy area : 1.2646 - 1.2451, SL 100 pips below support 1.2446, target : 1.3000-1.3118
Daily chart, when these types of op come, i use very high leverage because stop loss is so near, therefore i will lose a little amount but if this trade goes into my favour it will give profit from 25-50%
What we have here is basically : 1) Price is at strong Weekly & Monthly support. 2) Double bottom. 3) Broken trend line. Shorting at current market...
FX:GBPCHF Safe Trades;
GBPCHF LONG TERM BULLISH - 785 PIPS
FX:GBPCHF Safe trades
FX:GBPCHF Safe trades
GBPCHF Long (Tripple Bottom) - Major Resistance
The GBP/CHF is held above the 1.25 level, finding support at 1.2885. In the 4H chart, it looks like a head and shoulders pattern is developing. The neckline near 1.32. watching for bullish signal confirmed by trading above 1.32.
I will go long if rejected at ALL TIME LOW
we have a channel in daily which we have reached the bottom and we also have a trend line which also has been violated. expecting upward movement at least till 1.4000 but I will keep my position open till price action says otherwise. Will update the idea whenever deemed necessary.
FX:GBPCHF Safe Trades;
4 hour long term fib retreacment (50%) with divergence on the MACD 4C
According to CHF strength index this currency is weakening while GBP is going more strength.