Gbpchflong
GBPCHF - Buy Nowprice is retracing from the tested support at 1.21286 and towards to 0.618 fibo level. Bottom bollinger band also moving away from the candles shows us a bullish movement.
Note: Trade at your own risk and fundamentals are not involved in this.
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GBPCHF, Buy on H1**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.
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GWBFX
reading the right side of the chart : GBPCHF 25 SeptYesterday's trading range was 70-72 pips whilst the 20-day ADR was 102 pips. In a day when there was a risk event (political) and there was a stop hunt spike during the London session, it is indeed a bizarre day.
After a "missed" day, I always anticipate a price expansion within 36 hours. I am still bullish on Sterling hence I am still waiting and looking for a low of the week anchor which I hope would form around these price levels 1.22700-1.22850.
There is an ongoing risk for this plan which is Brexit Brexit Brexit. There is no risk event for Switzerland today.
GBPCHF Hourly Trade Idea - Possible Breakout
Trend is to the up side on the 4HR chart
FX:GBPCHF
- TRADE IDEA: Enter long on the break and close above 1.218 (hourly) of the flat top triangle.
- SL: 1.2140
- TP: Trailing but aiming for 1.2280
- MANAGE YOUR RISK -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.