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Gbpchflong

My wife says im a PIG...She needs to stop looking in the mirror ;p Take note of this key resistance turned support zone that price is currently at as I wont spoon feed you forever! So we are expecting bullish movement from this area. This is a good area and is obviously where big banks have set orders previously, so start thinking like a big investor and start making money instead of working a dead end job to earn money just to waste it in forex because you think you are better than the markets and are looking to get rich quickly. Our own personal strategy allows us to catch a few pips on the bounce of these zones and also catch the big move if it happens, if you would like to learn more about our strategy then give us a message.
Long
by ApexFX_Pro
My wife says im a PIG...She needs to stop looking in the mirror ;p Take note of this key resistance turned support zone that price is currently at as I wont spoon feed you forever! So we are expecting bullish movement from this area. This is a good area and is obviously where big banks have set orders previously, so start thinking like a big investor and start making money instead of working a dead end job to earn money just to waste it in forex because you think you are better than the markets and are looking to get rich quickly. Our own personal strategy allows us to catch a few pips on the bounce of these zones and also catch the big move if it happens, if you would like to learn more about our strategy then give us a message.
Long
by ApexFX_Pro
1
GBPCHF 1:5 Risk Reward LONG (Potential Setup)Fundamentals: LogicStrategy Quant scores shifting in favour of GBP, compared to the weak score provided for CHF. - This was following the recent decrease in unemployment in the UK down to 3.8% from 3.9%. - CHF PPI dropping significantly to 0% with a forecast of 0.2% - CHF retail sales dropped significantly this month, down to -0.7% - SVME PMI down for CHF to 48.5 with a forecast for 51 All signs showing the safe haven CHF is overvalued and requires a correction whereas GBP has started to gain strength amidst brexit negotiations being extended. Technicals: - Waiting for any long confirmation signals before considering an entry - still to early in terms of technicals - Would like to see 4HR higher highs, buying power candle stick confirmations etc..
Long
by Eren_Jaeger_Trader
7
GBPCHF reversed off key resistance, potential for further drop!Price is facing bearish pressure from our first resistance (horizontal overlap resistance, 61.8% fibonacci retracement, 61.8% Fibonacci extension) and Ichimoku cloud where we can expect a further drop to our major support level (horizontal swing low support, 61.8% fibonacci extension). RSI is also seeing a bearish exit. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Short
by easyMarkets
GBPCHF approaching support, potential bounce!GBPCHF is approaching our first support at 1.2852 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.3193 (horizontal swing high resistance, 61.8% Fibonacci retracement). Stochastic is also approaching support. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
GBPCHF approaching support, potential bounce! GBPCHF is approaching our first support at 1.2852 (horizontal swing low support, 61.8% fibonacci extension, 50% fibonacci retracement) where a strong bounce might occur above this level to our first major resistance at 1.3057 (horizontal pullback resistance, 38.2% fibonacci retracement). Stochastic (34,,53) is also approaching resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill
1