Long GBPCHF
TRADE #5
Price has broken the channel and heading to the the lower part of the channel. Which collides with another strong support area.
I am placing a Buy Order at 1.27000
Stop loss at 1.26450
Target - 134.600 ( at least )
Reasons for entry
1) 61% retracement
2) Last strong support
3) 161% extension of the previous move.
Price has broken the channel and heading to the the lower part of the channel. Which collides with another strong support area.
I am placing a Buy Order at 1.27000
Stop loss at 1.26450
Target - 134.600 ( at least )
Reasons for entry
1) 61% retracement
2) Last strong support
3) 161% extension of the previous move.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.