H4: - Structure: uptrend - Tendency: Upward - Pattern: SHS pattern => BUY PLAN: As picture
NO INDICATOR JUST NAKED CHART AND PATTERN!!! ENJOY
good morning, guys GBPCHF reached a strong resistance of a rising wedge pattern. taking into consideration oversold rsi with divergence on 8h/4h charts and a double top formation with a confirmed violation of its minor support on 1h, chances are high that the price will retrace. to catch a bearish movement you can sell the retest of broken support or just...
DISCLAIMER: Trading Forex involves risk and you may lose more money than you started with! These posts are not to be taken as trade recommendations or financial advice and I offer NO guarantee that any of these ideas will result in profit. Also, trade ideas may change, depending on ever-changing market conditions. You are trading at your own risk and past...
LONG and strong baby might need some consolidation before going up further. This is not financial advice , please consider your own Due Diligence and Risk Management.
I personally will open entry if the price will show it according to my Analysis. Always make your analysis before a trade.
GBPCHF - Long 200 Pips | Waiting for a retest with the continuation of the uptrend
GBPCHF failed to break out of the channel last week respecting the structure and 200 EMA. We broke the previous highs forming higher highs. I see three main possibles for this pair next week. First is that we go up from here towards the top of the channel. Second is we come back down to the bottom of the channel to retest the uptrend line and a minor level of...
Formation of an inverted hammer or a bearish pin bar signifies the bulls are becoming weak and unable to push the price up, bears are beginning to come in. If retest breaks the zone it means it was a fakeout. Wait for confirmation and go short⏬