GBP/CHFX2 Position
1. Buy: GBP / CHF
SL @ 1.15900
TP1 @ 1.17320
TP2 @ 1.18800
Max Risk: 2%
2. Buy: GBP / CHF
Buy limit. 1.15720
SL @ 1.15200
TP1 @ 1.17300
TP2 @ 1.18800
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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It is not an investment recommendation
Gbpchflong
GBPCHF - LONG IDEAHello traders,
Hope you had an amazing weekend !
GBPCHF is currently at a very strong monthly level.
This level has been respected several times in the past and it would be very difficult to break through it given that there are many underlying buy orders waiting to be filled !
Currently price saw its first valid rejection from major area of demand, expecting price to continue upwards from this level to at least 200 pips.
looking forward to see how this setup plays out !
good luck & god bless,
ETGL team <3
Long term buy opportunity on GBPCHFLet's turn our eyes to GBPCHF. The pair has been trading within a high timeframe falling channel since March 2021. It now looks like it has reached the support of this channel and we may expect a bounce up from this level.
I have considered to go long on this pair for both short and long term targets. I have higher expectation that the pair will reach to the resistance of the falling channel.
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GBPCHF | CONSOLIDATION AT SUPPORTGBPCHF is consolidation at important support level where reaction have been seen in the past.
Price action suggest weakness in bearish trend after broken of trendline and restesting it.
If support honored and price break the box, one can attempt bullish trend from here.
Trade and manage your levels accordingly.
GBPCHF Impulse Correction Continuation Welcome back! Here's an analysis of this pair!
**GBPCHF- Impulse leg on daily and 4 hr. followed by corrective wave/bullish flag. If we get the breakout, our target is 2400 zone (previous resistance).
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Brian & Kenya Horton, BK Forex Academy