Gbpchfshort
GBPCHF NEW ANAlYSIS, CHECK IT OUT!Hi Traders, here is the full analysis / Breakdown for GBPCHF.
Keep this pair on your watch-list.
Conditions -
1. Wait for confirmation ( break Of Structure / Daily Close
2.Use Risk Management( Risk 1% of your capital)
3. Do your Own analysis!
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GBPCHF approaching support, potential for a bounce!
GBPCHF is expected to drop to 1st support at 1.29025 where it could potentially react off and up to 1st resistance at 1.29981.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCHF approaching support, potential for a bounce!
GBPCHF is expected to drop to 1st support at 1.29025 where it could potentially react off and up to 1st resistance at 1.29981.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCHF is set for a drop.Hi traders,
I hope you're well. As you must have witnessed recent rally on all GBP related pairs purely due to election sentiments. As things stands we can see the Tories are set for a majority but it is not easy as it seems and neither a plain sailing. We should see labour closing gaps and few other hiccups in coming days prior election and probably a hung parliament. Tories majority is almost priced in and hence any negative sentiment will cause significant drops in price. UK politics is well known for it's drama and chaos thanks to lates brexit limbo.
I'm anticipating more drama's in coming days and the market bias should change accordingly. (In Theory)
But I will surely not place trade based on theory and assumptions. So, here we have a nice reversing candle printed on the 4h candle also on the D chart which engulfs the previous and we are also in a major level where historically price reacts. All these suggest a reversal from this point and if you put those theories alongside the technical indicators it adds up perfectly for this trade.
I have gone short on this for now and marked tp and sl for you as well.
Let me know your thoughts.
Trade safe and good luck.
Possible GBP/CHF Short Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
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 @ 1.282
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 1.282
Target 2 @ ....
Risk/Reward @ 3.1
Happy trading :)
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!