Wait for breakout and then sell with at least 300 Pips to drop
In the name of Allah, the Most Gracious, the Most Merciful GBPCHF Ready For Next move. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
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
Buying GBP/CHF Entry: 1.2392 target 1.2490 (98+ pips) SL: 1.2295 (97- pips) Risk reward 1:1 Use a sensible lot size.
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.
GBPCHF is approaching its resistance at 1.20363 where it is could reverse down to its support at 1.20148. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
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
After long downtrend the pair seems to have find a bottom. We can see that it has formed a flat since the end of June but RSI gains strength. Now, MACD also confirms that the pair is ready for a leg up. The area 1.265 would be a good place to take profits as it is not only near an area of resistance but will face the 50 MA On the 4H chart we can see how the pair...
GBPCHF came to key support zone. We can look small timeframe for entry.
Do not open any trades yet, wait for second high test. I personally have already opened a trade when it did it's high test before the last candle drop. Will keep it open or close it as the market gives more data as to which direction it wants to take. GBPCHF has broken under the 4H 50 EMA and is failing to recover back on top. Following the drop, prices did a...
Respected followers as we can see on the chart that on last friday GBPCHF made bearish engulf candle and also rejected 200 SMA on overbought of stichastic level which give us full surety of sell trade on this current price.