In the above chart you can clearly see at what price you need to entre into Trade. Its better if you wait till the RED color TRENDLINE, if you get a chance to enter near the RED color TRENDLINE grab that opportunity and entre into trade. ENTRY- 1.25000-1.24868 STOPLOSS- 1.23882 (Respect your stoploss) 1st TARGET- 1.27813 2nd TARGET- 1.29983 FX:GBPCHF
I'm not place entry on the trendline like retail trader, but I trust smart money concept always working. Looking for confirmation Entry Sell for this pair. If you have any idea, leave comment below, and Like this post. Good Luck
This pair should tank from here for the better part of this Century - and may be even the next.
I suppose GBPCHF will increase from the point shown in the idea post to the higher levels in daily timeframe.
Have at it!! . . Here is the 4hr.;
Wait for the candle on the four hour chart to close below the support and wait for a retest as confirmation then go short Take profit 1: 1.25600 Take profit 2: 1.24050 Stop loss: 1.28020
GBPCHF came to key support zone. We can look small timeframe for entry.
as we see gbpchf has broken the bottom trend line and the support line. and now the position of the candle is currently retest in the Fibonacci area. so we have to find the right moment to enter the sell position
Hi traders, this is my setup for GBPCHF for the next week. I will open 3 positions with 3 different targets at the fibonacci retracements. The price is in a ranging market at the daily timeframe. Have a creat trading week. Stefan Forex
IMPORTANT use position size calculator, do not risk more than 1%
Gbp open interest falling indication for bullishness, cad open interest also rising but net position in cad 96%, it indicate for cad reversal.
GBP/CHF 1D Chart: Heads towards 55-day SMA The British Pound is simultaneously fluctuating against the Swiss Franc in three different patterns. The largest ascending channel started to form a year ago and nowadays consists of three reaction highs and two reaction lows. The medium ascending channel represents a fragment of the dominant formation and is lying...
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Firstly: As a Londoner myself, it is deeply distressing to know of the recent terror attacks at London Bridge + Borough Market. My heart goes out to all those that have lost their lives to cowardly acts of terrorism that try to cause separation within our nation and everywhere around the world. Technicals: On the 10th of May 2017 price reached 1.30309 forming a...
This pair has broken above the 200 day MA - and really, I firmly believe that the Brexit overall us going to be good for the pound in the long run. As long as this pair remains above the 200 day moving average now, and doesn't break below 1.42700 I'll be holding long term. If you would like to get some more analysis and some signals you can always get them...