GBPCHF | Perspective for the new week Price presently evolving out of the demand zone identified on the 4H time frame coupled with structures identified on the lower time frame suggests a bullish potential in the nearest future. Let's see how price action plays out in the next couple of hours! Cheers
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
Gbpchfsignals
GBPCHF | Perspective for the new week | Follow-up detailsPrice action has been consolidating right above the key level at Fr1.25 since my last publication (see link below for reference purposes) as indecision continues to grip the market. Like I stated in my last publication, the key level remains a very sensitive borderline where the probability of bullish and bearish momentum is almost of the same possibility. A significant engulfing candle, either way, could send the price all the way hence the need to have a critical observation coupled with parameters that will give a clue into what direction price is likely to move towards in the coming week(s).
This being said, I still hold on to my previous perspective as I expect bears to come in any time soon!
Tendency: Downtrend (Bearish)
Structure: Supply & Demand | Channel | Reversal pattern (Breakdown)
Observation: i. Following the bullish momentum that gripped the market since the 6th of December 2021, the Fr1.254 level has held price "resisted" since mid-January 2022 hereby revealing an underlying strength in favour of the sellers at this juncture in the market.
ii. The momentum that guided price to higher highs in the last 2 months appears to be diminishing as buyers continue to find it difficult to push the price beyond Fr1.256.
iii. After observing market structure since price hit Fr1.3000 in March last year, I noticed that price has been consolidating within a descending channel where the demand level is turning into a supplication area as we can see a successful breakdown of this level in October 2021.
iv. In this regard, I shall be looking to take advantage of a bearish move anywhere below the key level @ Fr1.2500 with the hopes that the price continue to respect the boundary of the channel in the coming week(s).
iv. However, considering the long-term bullish perspective and the significance of this juncture in the market; a significant breakout of the channel could render this narrative invalid as might actually be witnessing a retracement of the bullish momentum... Trade consciously!😊
Trading plan: SELL confirmation with a minimum potential profit of 400 pips.
Risk/Reward : 1:5
Potential Duration: 12 to 25 days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPCHF Sell signal: Lower High and 1D MA200 rejectionGBPCHF has been trading within a Bearish Megaphone pattern almost since the start of 2021. At the moment it is trading sideways for more than a week in a row but even though it has tested the 1D MA200 (orange trend-line) on multiple occasions, it has failed to close a 1D candle above it and make a bullish break-out.
On top of that, the 1D MA200 rejection, is also a Double Top rejection on the 1.26125 Resistance level. Also the 1D RSI is on Lower Highs, which that was the formation on the pairs last rejection at the top of the Megaphone on October 20 2021. The result of that Lower High top was a price dive to the 1.5 - 1.618 Fibonacci extension levels once the 0.5 level broke.
At the moment the 0.5 Fib level is at 1.24455. If that breaks, I will take it as a sell signal with a 1.21000 target (within the 1.5 - 1.618 Fib extension zone).
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GBPCHF | Perspective for the new week | Follow-up detailsWe witnessed over 200pips move in our direction since my last publication on this pair (see link below for reference purposes) and ...?
Fr1.25400 area - Price is currently oscillating within a very sensitive borderline where the probability of bullish and bearish momentum is almost of the same possibility. A significant engulfing candle, either way, could send the price all the way hence the need to have a critical observation coupled with parameters that will give a clue into what direction price is likely to move towards in the coming week(s).
Tendency: Downtrend (Bearish)
Structure: Supply & Demand | Trendline | Reversal pattern (Double Top)
Observation: i. Following the bullish momentum that gripped the market since the 6th of December 2021, the Fr1.254 level has held price "resisted" since mid-January 2022 hereby revealing an underlying strength in favour of the sellers at this juncture in the market.
ii. The line drawn under pivot lows reveals the prevailing direction of speed and price action in the last 10 days.
iii. However, Buyers have found it difficult to continue the momentum as multiple rejections of Fr1.254 is preventing the price from soaring which puts a dent in my last prediction ( see link below for reference purposes).
iv. If we go as far back as 2015, we will notice how the Fr1.254 area has been a major determinant of price as a break above or below normally sends price in the direction of the break (see weekly chart).
v. Equipped with this information and observing how selling pressure has increased in the last 22 days ( between the 13th of Jan and last week trading session), my bias is slightly tilting towards shorting the Pound against the Swiss franc in the coming week(s).
vi. Double Top: The appearance of an extremely bearish technical reversal pattern forming after price tested Fr1.23 area two consecutive times during last week trading session is giving more credibility to the bearish momentum suspected.
vii. To also emphasize the strength of the selling pressure is the drop in demand zone from Fr1.245 to Fr1.242 in the space of 2 weeks.
viii. With a Key level identified at Fr1.25, I shall be looking forward to a breakdown of this level which will also coincide with the breakdown of Bullish Trendline. So, what this means is that below Key level remains a comfortable area to short the Pound in the coming week(s).
CAUTION: All this being said, should we see a significant breakout of Fr1.254 in the coming week(s) then we shall be reverting to the previous analysis supporting a bullish bias (see link below)... Trade consciously!😊
Trading plan: SELL confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:4
Potential Duration: 3 to 7days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPCHF | Perspective for the new week The British Pound has been gaining momentum since the beginning of December 2021 against this Swiss Franc and price action in the last two weeks might be a retracement in favour of a Bullish momentum in the coming week(s).
Tendency: Uptrend (Bulliish)
Structure: Breakout | Supply & Demand | Trendline | Reversal pattern (Double Bottom)
Observation: i. Since the 6th of December 2021; the British pound recorded a 4.5% growth in value against the Swiss franc to suggest that a Bullish momentum is evolving.
ii. Price appears to have found a bottom at Fr1.21 and have since been finding higher lows which culminated in a successful breakout of key level @ Fr1.23 in the latter part of December 2021.
iii. Technically, the appearance of a pattern that describes a change in trend and a momentum reversal from prior leading price action at Fr1.21 appears to be confirmed as soon as we witnessed a successful breakout (Fr1.23) of the neckline which is also the key level.
iv. Immediately price hit Fr1.26 area on the 11th of January 2021, we witnessed a downward spiral in price action which I presume to be a retracement of the breakout move (Impulse leg).
v. Hoping to join a potential rally in the coming week(s) if price retests Neckline as I am expecting a price plunge into a new demand level (identified on the chart) in the early hours/days of the new week.
vi. In this regard, I have identified zone around Fr1.235/1.22 for buying opportunity... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 350 pips.
Risk/Reward : 1:5
Potential Duration: 12 to 20days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPCHF | Perspective for the new weekSince my last publication on this pair, we witnessed a surge of 170pips in our direction before the bears eventually came in (see link below for reference purposes).
Despite the heightened risk of a more disruptive Brexit outcome from the ongoing EU-UK tensions over the Northern Ireland protocol and contrary to expectations of the majority, I do have an underlining feeling that the Pound might sneak to the upside a little in the coming week(s) before the decline resumes again. Hence with the appearance of a Double Bottom structure that is awaiting confirmation, we should anticipate a counter-trend opportunity in the meantime.
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Reversal pattern (Double Bottom) | Trendline
Observation: i.Since mid-October, we have witnessed price action spiral down to a bus stop around Fr1.22800 a couple of times in the month of November 2021.
ii. The visual representation of a resistance trendline drawn over pivot highs reveals the prevailing direction and speed of price action in the last 3 weeks.
iii. And since hitting Fr1.22800(twice), I have observed that sellers are meeting strong resistance from the buyers at this zone making this level a Demand zone to reckon with and in addition evidence of a Breakout of Trendline is beginning to happen in the last couple of days.
iv. The appearance of an evolving Double Bottom within this Demand zone which has a memory as far back as February 2021 for buying potential might not be a coincidence.
v. Double Bottom: Technically, this is a charting pattern that describes a change in trend and a momentum reversal from prior leading price action.
vi. Following the major downtrend that lasted 3 weeks, the appearance of a Double Bottom at this juncture signals a reversal and the beginning of a potential uptrend in the coming week(s) especially when a Breakout/retest of Neckline @ Fr1.24000 is confirmed.
iv. Even as we await a confirmation which will happen if the price break above the Key level @ Fr1.24000 (Neckline); for me, buying opportunity should present itself above Fr1.23650 with an opportunity to add to our existing position at Breakout/retest of Neckline
NB: Please note that this is a temporary counter-trend opportunity within a Bearish perspective... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 150 pips.
Risk/Reward : 1:4
Potential Duration: 3 to 10days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPCHF | Perspective for the new weekThe British Pound appears to be staging a recovery since finding a bottom at Fr1.25000. The appearance of a Double Bottom within a strong Demand zone (Fr1.25000) which have a holding memory since July 2021 signals a rally should price Breakout/retest our Neckline (Key level @ Fr1.26000) in the coming week(s).
Tendency: Uptrend (Bullish)
Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom)
Observation: i. It has been a Bearish run for the Pound since mid-September 2021.
ii. The trend can easily be recognized after connecting a series of pivot highs together since the 20th of September 2021.
iii. Trendline: The visual representation of a line drawn over pivot highs reveals the prevailing direction and speed of price action in the last couple of weeks. However, the price inability to break below Fr1.25000 during last week trading sessions says a lot about the preference of the majority in the market as indecision increases regarding selling the Pound for the Swissy.
iii. Double Bottom: The appearance of an extremely bullish technical reversal pattern within a zone that has continue to be a critical spot for the high demand of the Pound (since July 2021) gives more credibility to my Bullish bias.
iv. Completion of the reversal pattern is confirmed at Breakout/Retest of Neckline, a zone that also serves as a Key level.
v. The early hours/days of the new week might see a plunge into the Fr1.25600 zone (represented on the chart in blue) before the rally continues.
vi. This been said and as I continue to look forward to a successful breakout of Bearish trendline, above Key level @ Fr1.26000 remains a window to take advantage of the potential rally in the coming week(s)... Trade consciously!😊
Trading plan: BUY confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:4
Potential Duration: 7 to 14days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPCHF | Perspective for the new week | Follow-upA total of 300pips move in our direction since my last publication on this pair (150pips move twice from Supply zone - see link below for reference purposes) and It is interesting how the Key level @ Fr1.27000 transposes into a major determinant of price action since February 2021 (check weekly/daily chart) as a Break above/below of this level incited a trend continuation. Following the latest development in the character of market structure coupled with the strength of the Breakout of Key level (Fr1.27000) that happened during last week trading session, I am about to switch bias from my previous speculation.
Tendency: Uptrend (Bullish)
Structure: Breakout | Supply & Demand | Reversal pattern (Double Bottom)
Observation: i. Double Bottom: Structure reveals a change in trend and a momentum reversal from prior Bearish price action; The twice-touched low is considered a significant support level.
ii. The appearance of a Double Bottom pattern culminated in a successful Breakout of the Neckline (Fr1.27000) during the course of last week trading session to set the pace for a potential Bullish momentum.
iii. The Fr1.71000 area that "resisted" price for 9 days was finally broken on the 16th of June 2021 with an engulfing candle thereby expressing the Buyer's strength at this juncture in the market.
iv. I am of the opinion that the Breakout is currently going through a Correction phase ("quick sells" from participants who took advantage of the Bull run) that will complete and find support at the Neckline area with the anticipation of a rally in the coming week(s).
v. In this regard, I have identified a new demand level for future buying opportunity within the vicinity of the Fr1.27000/1.267000 area (see chart).
vi. Should price continue as predicted, a break above Fr1.27650 might welcome addition to our existing position... Trade consciously!😊
Trading plan: SELL confirmation with a minimum potential profit of 150 pips.
Risk/Reward : 1:5
Potential Duration: 1 to 5days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the financial market (including foreign exchange, commodity trading, CFDs, stocks etc.) involve high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPCHF | Perspective for the new week | Follow-UpWith over a thousand pips since my last publication on this pair (see link below for reference purposes); The Pound has enjoyed dominance over the Swiss franc in the last couple of months and we are presently witnessing a drop in Bullish momentum as price action appears to have transitioned into a corrective phase since the successful Breakdown of Fr1.28000 (Key level) on the 7th of April 2021. Even though we are on an overall Bullish trend (see weekly chart); I am planning to take a counter-trade opportunity on this pair, why?
We might be experiencing a risk of further decline in the coming week(s) as participants who took advantage of the Bull do quick profit-taking with high hopes of a rally in the nearest future.
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand
Observation: i. Breakdown of Key level @ Fr1.28000 has been followed with the multiple rejections of this level as price continues to trade under in the last one month.
ii. From a Bearish perspective, trading below Fr1.28000/1.27000 seems to be a safe juncture to place sell orders in the coming week(s).
iii. Even as Bearish momentum appears imminent, it is important that we take into consideration the major Demand zone @ Fr1.26000/1.25500 area which has held price "supported" since Feb 2021.
iv. With such a strong Demand level ahead of us on this Bearish journey, it is advisable that we remain conscious as any significant rejection of this level might incite a rally continuation.
v. However, should a Breakdown of Demand level happens in the coming week(s); an opportunity to add a position at retest appears to be most appropriate.
vi. CAUTION:
a. Break above and retest of Fr1.280000 incites rally continuation
b. Long term perspective is Bullish hence the need to be conscious throughout the course of this trade is VERY VERY important... Trade consciously! :)
Trading plan: SELL confirmation with a minimum potential profit of 200 pips.
Risk/Reward : 1:4
Potential Duration: 6 to 10days
NB: This speculation might be considered to make individual decisions on the lower timeframe.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPCHF | Perspective for the new weekEnjoying a 250pips run in our direction on my last publication (see link below for reference purposes) on this pair, It appears we have another trading opportunity here-with.
The Pound to Swiss Franc (GBP/CHF) exchange rate holds steady as the price continues to respect Demand level @ Fr1.19300 in the last couple of weeks. Even though the Sterling continues to struggle against many of its peers, Chancellor of the Exchequer - Rishi Sunak unveiled a £4.6 billion relief packaged for the retail and hospitality sectors which "might" be a buffer as I am expecting an appreciation in value in the coming week(s) despite a possible Swiss National Bank (SNB) intervention reiterated at their recent policy meeting of 2020.
Tendency: Uptrend ( Bearish )
Structure: Double Bottom | Breakout | Supply & Demand | (50/61.8%) Retracement
Observation: i. We experienced a successful Breakout of Fr1.19500 (23rd Dec, 2020) followed by a rejection of this level twice!
ii. Demand level @ Fr1.19500 has been holding strong for buyers in the last 13days as expectations of Higher Highs build up.
iii. It is also worthy to note that demand level is holding a 50% retracement (with the possibility of hitting 61.8% open) of the Impulse leg after the Double Bottom @ Fr1.17200.
iv. It is pertinent to state here that our "caution" tentacle MUST be on standby as we might expect retracement into Fr1.18560 for a buying window.
Trading plan: BUY confirmation with a minimum potential profit of 220 pips.
Risk/Reward : 1:3
Potential Duration: 3 to 7 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPCHF | perspective for the new weekHopes of Brexit deal wanes again; GBPCHF sinking back towards lows as it finds a haven for selling pressure around Fr1.20300.
Tendency: Downtrend ( Bearish )
Structure: Breakdown | Supply & Demand | Harmonic (AB = CD)
Observation: i. Since completion of Double Top pattern in late Nov. 2020, price continues to risk further decline.
ii. Previous safe haven for Buyers was finally broken last week as price tested Fr1.19100 before making a corrective move.
iii. As price touches 50% retracement of AB leg, a possible Harmonic pattern AB = CD appears to metamorphosize in the coming week(s).
iv. AB = CD pattern shall guide me through the path price action takes in the coming week.
ii. ABCD pattern parameters explained below;
a. Impulse A-to-B will be in harmony with the potential C-to-D leg.
b. The B- to-C leg is at 50% currently (with a possible 61.8 or 78.6% in the future)Fibonacci retracement of the A-to-B leg.
c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move.
Trading plan: SELL confirmation with a minimum potential profit of 250 pips.
Risk/Reward: 1:3
Potential Duration: 1 to 5 days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPCHF SELL ON DIPS FROM GIVEN LEVEL !!!As we can see this pair is fail to break the given resistance zone and now retesting this area again but fail /
as we can see a weakness in GBP so we are selling this pair on dips with a small risk and higher rewards
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GBPCHF | WEEKLY FORECASTThe Pound to Swiss Franc (GBP/CHF) exchange rate rose by 0.02% in the wake of Friday to drop in value in the latter part of the day; with the pairing currently fluctuating around 1.195. I am expecting a temporary downtrend in the form of correction at this juncture in the following week(s).
Tendency : Downtrend ( Bearish )
Structure : Harmonic (3 Drive)
Observation : i. Anticipation for a reversal appears to be high as price goes through a series of three consecutive Higher Highs indicated on the chart as Drive 1, 2 and 3 to hit my Supply zone.
ii. Corrective wave is at 61.8 retracements for each leg.
iii. Drive 1, 2 and 3 falls at 1.272 extensions of the corrective waves.
iv. A sharp rejection of Supply zone @ 1.20000 could be a signal inciting the Bears presence.
Trading plan : SELL confirmation with a minimum potential profit of 150 pips.
Risk/Reward : 1:3
Potential Duration : 1 to 4days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
NirvanaForex
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.