Get started

Gbpchflong

Two Options for GBPCHF Movement. Feel free to commentGBPCHF has been moving as expected thus far. Big movers (banks) appear to be taking profit on their buy orders and have potentially begun acquiring buy orders. To verify this info I would look for a push down due to a lack in volume and too high orders that force market down. From here we will see what they plan to do. A move further down would below lower level would hint at an accumulation of more buy orders and thus could expect a push up later in the week or the start of next. A brief (few hours or day) move down to the lower level then back up to the current level or above would validate my suspicion of the Big Movers taking position for the Sale to come. The volume of willing participant will effect the time-frame of these movements so I will be hoping that Volume is above the 20 avg. to make this movement go smoothly. Otherwise, some prolonged ranging in the markets as they try to accumulate and dump as many positions as volume will allow. FX:GBPCHF
by joelittlenc
1
GBPCHF - The return of the Pound?After several strong support levels being held on several GBP pairs, GBP/CHF is a perfect example of that. A strong support level being touched after the march lockdown, which was then later again retested and respected. Im looking at the positive channel movement on GBPCHF, and looking for a long term position also. TP1 is a point to move SL to breakeven as there is a big point of consolidation there, so I can imagine if it breaks that we will see continual movement. TP2 is the previous high on the 4H chart which I imagine will take about a week to hit if so. Remember to subscribe to my Youtube, Link on my profile. I will be broadcasting a £100 to £10,000 forex and commodities challenge with real funding! Trade safe people!!!
Long
by danielbtrading
GBPCHF - SWING - 26. OCTO. 2020Welcome to our weekly trade setup ( GBPCHF )! - 1 HOUR Strong bullish reaction above main sr level. 4 HOUR Expecting further upside on gbp! DAILY Overall good long entries, prices low. - FOREX SWING BUY GBPCHF ENTRY LEVEL @ 1.17960 SL @ 1.17330 TP @ 1.18900 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
16