Gbpchfanalysis
GBPCHF Short 8:1 RRWhat I see here is quite interesting, with very low risk we just do this trade to check price movement, as we have psychological point at 1.20000 it works as a resistance just above which it confirms our trade, with RR of 1:8 which is really good to trade,
but lets see guys,
Goodluck Everyone ...
Possible SHORT on GBPCHFPossible short. This is my Gold Setup (as usual). Here's why I'm interested...
200-EMA is holding this price down, especially since the price totally got rejected at that level.
Price is in the overbought region of the MFI signaling a possible reversal
counter trend line is strongly broken
Good luck...
SHORT TERM TRADE: GBPCHF will be heading towards resistance!!!As we can see GBPCHF managed to break out a strong resistance level @1.1920 with a continuation of a BULLISH momentum. What I will be seeing now is a short term opportunity for us to trade this bullish movement up till the resistance level @1.2120. If we take a look at bollinger bands, we can also see a breakthrough off the middle band and a good opportunity to see GBPCHF heading towards the upper band which is near the resistance level. As of now, I will be BULLISH for this pair and will update again when there is further movement
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GBPCHF long trade ideaPlan: trendline and resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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GWBFX
Bearish 600pip sentiment.This is a simple support and resistance analysis.
A break below 1.18250 will be the trigger to the emerging 600pip move.
Time & Price (especially price) will be our guide through this one.
Heavy bearish momentum around 1.1825 will confirm everything.
The bears will be responsible for driving price down to 1.11250.
GBPCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCHF Breakout from Symmetrical triangle.GBPCHF has given a good breakout from a symmetrical triangle. It has tested support 1. Now it might break the support 1 and move down towards the support 2, which will be target 2 for the GBPCHF.
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GBPCHF. The support level has been broken.Hello dear traders.
The price of the Pound has broken through the support level.
The target is the mark at 1.18500. After that, you could buy,
because then the price will rise.
Good luck to you.
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This idea does not provide the financial advice.
GBPCHF Forming Symmetrical Pattern.GBPCHF is forming a symmetrical pattern that indicates the indecisiveness in the trend of GBPCHF. We might see a breakout from the symmetrical pattern soon, as it is at endpoint of pattern forming. Once we get the breakout from the pattern, we might see a clear trend in GBPCHF. Waiting for a breakout is best action for this pair for a shorter time frame.
If You Like Idea Do Follow/Like/Comment For More Quick Update
Note - Trade with Proper Risk Management System
Thanks