GBPCHF LONGHi guys,
Another nice and easy trade this. This pair is on a bullish run and we have seen a nice pullback followed by a bullish engulfing candle which suggest trend continouation of a bullish run. I have gone long on this and marked tp and sl for you as well.
Let me know your thought. Trade safe and good luck.
Gbpchfanalysis
GBPCHF Trend Reversal Pattern At Top.GBPCHF is Trading at the top also at the current price level it is forming the descending triangle pattern which indicates the trend might reverse from here. If GBPCHF breaks from the current price level we might see further downside in GBPCHF.
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GbpChf- bearish under 1.1940After breaking the rising wedge resistance, GbpChf is consolidating in a tight range (considering its volatility).
I still believe that a top is in place and the downtrend is about to resume and a daily close under 1.1940 would reinforce this view.
Potential target for short positions can be 1.15-1.16 zone
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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Thank you for your support ;)
GWBFX
GBPCHF Trading At Resistance LevelGBPCHF is consistently trading in rising wedge pattern from its bottom to the current price level, pair is facing some resistance from which we might see some price pullback and breakout of rising wedge pattern on the downside for downside target will be supporting zone level as you can see in the chart and if the pair manages to break the resistance we can see further trade continuation for a longer-term.
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Note Trade With Proper Risk Management System Only
Thanks
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 at its support level. Long Opportunity!!!As we can see, price level was not able to breakthrough its support level @1.1470. We can also see price consolidataion and bullish candle forming after the recent drop in price level. Possible Price Retracement to the strong resistance level @1.2225 price level. Further movement will be updated again.
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GBPCHF short trade ideaPlan : wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
please do your research independently and use my analysis as a reference, do not blindly follow and use improper risk management!
**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