Gbpchfanalysis
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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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
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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.
_____________________________________________________________________________________________________________________
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
GBPCHF to reverse from downside confirmation, potential drop!
GBPCHF to reverse from its downside confirmation at 1.20696 where it could potentially drop further to 1.16860.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCHF LONG TO RESISTANCE FOLLOWED BY CONTINUATION OR REVERSALComparing Weak Vs Strong currencies this past week (end 2/14), GBP shored strength whereas CHF relatively weak of the two currencies-- meaning a BUY bias for the pair.
Daily chart analysis has the pair price approaching significant Resistance.
A good technical approach on this pair provides awesome Long opportunity to Resistance with potential continuation to upside or counter-trend to downside targets depending on price action and/or currency strengths.
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GBPCHF potential bounce!
GBPCHF expected to reverse up to 1st support at 1.27094 where it could potentially react and bounce to its resistance at 1st resistance at 1.27578.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.