Gbpchflong
GBPCHF LONGHi guys,
Another nice and easy trade this. This pair is on a bullish run and we have seen a nice pullback followed by a bullish engulfing candle which suggest trend continouation of a bullish run. I have gone long on this and marked tp and sl for you as well.
Let me know your thought. Trade safe and good luck.
GBPCHF Trend Reversal Pattern At Top.GBPCHF is Trading at the top also at the current price level it is forming the descending triangle pattern which indicates the trend might reverse from here. If GBPCHF breaks from the current price level we might see further downside in GBPCHF.
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Note- Trade With Proper Risk Management System Only
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GBPCHF long trade ideaPlan : trendline and 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
**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 - INTRADAY - 07. APR. 2020Welcome to our daily trade setup ( GBPCHF )!
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1 HOUR
Bullish PA and pressure on small tf overall.
4 HOUR
Sideways waving market structure at range middle.
OVERALL
Great long entries following short/midterm trend, expecting a push to previous highs at 1.20350!
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FOREX INTRADAY
BUY GBPCHF
ENTRY LEVEL @ 1.19760
SL @ 1.19340
TP @ 1.20350
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Possible GBP/CHF Long Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - H4
Timeframe - 2-3 Days
A – Activating Event
Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 1.21
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 1.21
Target 2 @ ....
Risk/Reward @ 1.5.1
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
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
**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 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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