Gbpchfanalysis
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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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
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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
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**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 Consolidating Range for tradingGBPCHF is consolidating for sometime we might see more consolidation in GBPCHF if anyone want to trade one can trade at support zone and resistance with stoploss . after break consolidation range on either side one can trade on breakout side for longer term perspective.
GBPCHF long trade ideaPlan : trendline breakout --> wait for 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