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GBP-CHF

Don't miss this Sell trading opportunity of GBPCHF!Midterm forecast: While the price is below the resistance 1.2200, resumption of downtrend is expected. We make sure when the support at 1.1670 breaks. If the resistance at 1.2200 is broken, the short-term forecast -resumption of downtrend- will be invalid. Technical analysis: A peak is formed in daily chart at 1.2115 on 05/05/2020, so more losses minimum to Major Support (1.1670) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 36. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.22 to 1.214). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.22) Ending of entry zone (1.214) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Trade Setup: We opened 6 SELL trade(s) @ 1.1996 (day close price) based on 'Peak' at 2020.05.11. Total Profit: 1022 pip Closed trade(s): 162 pip Profit Open trade(s): 860 pip Profit Closed Profit: TP1 @ 1.1960 touched at 2020.05.12 with 36 pip Profit. TP2 @ 1.1870 touched at 2020.05.13 with 126 pip Profit. 36 + 126 = 162 pip Open Profit: Profit for one trade is 1.1996(open price) - 1.1781(current price) = 215 pip 4 trade(s) still open, therefore total profit for open trade(s) is 215 x 4 = 860 pip All SLs moved to Break-even point. Take Profit: TP3= @ 1.1670 TP4= @ 1.1470 TP5= @ 1.1100 TP6= Free
Short
by ForecastCity
31
Don't miss this Sell trading opportunity of GBPCHF!Midterm forecast: While the price is below the resistance 1.2200, resumption of downtrend is expected. We make sure when the support at 1.1670 breaks. If the resistance at 1.2200 is broken, the short-term forecast -resumption of downtrend- will be invalid. Technical analysis: A peak is formed in daily chart at 1.2115 on 05/05/2020, so more losses minimum to Major Support (1.1670) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 36. Trading suggestion: There is possibility of temporary retracement to suggested Sell Zone (1.22 to 1.214). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone. We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1.22) Ending of entry zone (1.214) Entry signal: Signal to enter the market occurs when the price comes to " Sell zone " then forms one of the reversal patterns, whether " Shooting Star " or " Peak ", in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and special version of our " Price Action " strategy FOLLOW our lessons: Trade Setup: We opened 6 SELL trade(s) @ 1.1996 (day close price) based on 'Peak' at 2020.05.11. Total Profit: 1022 pip Closed trade(s): 162 pip Profit Open trade(s): 860 pip Profit Closed Profit: TP1 @ 1.1960 touched at 2020.05.12 with 36 pip Profit. TP2 @ 1.1870 touched at 2020.05.13 with 126 pip Profit. 36 + 126 = 162 pip Open Profit: Profit for one trade is 1.1996(open price) - 1.1781(current price) = 215 pip 4 trade(s) still open, therefore total profit for open trade(s) is 215 x 4 = 860 pip All SLs moved to Break-even point. Take Profit: TP3= @ 1.1670 TP4= @ 1.1470 TP5= @ 1.1100 TP6= Free
Short
by ForecastCity
44
Don't miss the great sell opportunity in GBPCHFTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.209). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCHF is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. Take Profits: TP1= @ 1.1870 TP2= @ 1.1675 TP3= @ 1.1250 SL: Break Above R2
Short
by ForecastCity
20
Don't miss the great sell opportunity in GBPCHFTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.209). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCHF is in a range bound and the beginning of downtrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 46. Take Profits: TP1= @ 1.1870 TP2= @ 1.1675 TP3= @ 1.1250 SL: Break Above R2
Short
by ForecastCity
18
Don't miss the great sell opportunity in GBPCHFTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2128). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCHF is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 40. Take Profits: TP1= @ 1.2017 TP2= @ 1.1893 TP3= @ 1.1715 SL: Break Above R2
Short
by ForecastCity
17
Don't miss the great sell opportunity in GBPCHFTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1.2128). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCHF is in a range bound and the beginning of downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 40. Take Profits: TP1= @ 1.2017 TP2= @ 1.1893 TP3= @ 1.1715 SL: Break Above R2
Short
by ForecastCity
36
GBPCHF IN ASCENDING TRIANGLE CLOSE TO ITS RESISTANCE Hello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, the pair is inside Ascending triangle. One can wait for its breakout. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R..Lopes
by Ryan_lopes
1
SELL ON GBPCHFHello my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis. As we can see, the pair will go up to the resistance line and then fall to its support zone. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us. Ryan.R.Lopes
Short
by Ryan_lopes
4