FX:USDCHF , FX:GBPCHF , FX:EURCHF , FX:CHFJPY Geo-political tensions support CHF pairs. Here is our latest analysis on the short term outlook of CHF pairs. The franc continued to gain support during Thursday despite net gains in global equity markets. Expectations of dovish policies from the Federal Reserve and ECB were important in underpinning the Swiss...
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RECAP OF THE IDEAS POSTED THIS WEEK AND THE LAST TRADE IM IN, GBPCHF
BASED ON THE ANALYSIS ABOVE WE HAVE A BULLISH VIEW ON THIS PAIR AND ANY VALID TRADE OPPORTUNITY WILL BE TAKEN TO PUSH THE MARKET TO THE MENTIONED TARGET
GBPCHF has broken to the downside on a 3 wave structure on the daily time frame and has done so on the H4 time frame as well. This is an indication of a continuation to the downside. Trading Signal Service: www.greenboxmarkets.com Forex Trading Course: www.greenboxmarkets.com
Is it a Bearish Wedge or is it 3 Rising Valleys? Look for the Breakout Buy or break below and small retest for a Short.
GPBCHF is Standing on D1 Resistance zone There are several reasons to short this pair Reason 1: D1 Resistance Zone Reason 2: Triple Top ? (If Current D1 candle closes as Bearish "Engulfing" Reason 3: H1 Ascending channel downside Breakout Reason 4: Bearish RSI divergence Reason 5: If Price pulls back to 1.3390-1.3410 and forms Bearish Price action candlestick...