TomProTrader
Short

GBPCHF: Looking For High Probability Downside Move Soon! #Forex

FX:GBPCHF   British Pound/Swiss Franc
711 6 18
Friends

A short to come of this soon (In my opinion)

We are at as long term respected resistance, we have minor consolidation @61.8 retracement of a previous impulse leg, this leg is an important leg for our move because the retrace hit, and retested the previous long term dynamic support and hit the sideways resistance simultaneously, failing at this level. This gave us an action zone, where a reaction will definitely take place.

Best of luck,
Tom
Public telegram channel: https://t.me/Tom_Pro_Trader
Youtube: https://www.youtube.com/channel/UCrKe1mbrc5cAj1BuuQNoyrA
Instagram: https://www.instagram.com/tomprotrader/?hl=en
I would understand the BP at these levels, they are still strong level, but what I don't get is how the mighty $ is not even at parity with the CHF with small economy comparing to the US???
Reply
Congratulations! Your chart has been select for chart of the day. This is a great example of a breakout trade with clear extensions for profit targets.
Reply
TomProTrader PRO walker.england
Cool :). Thanks!
Reply
Thanks for this post, Tom ;)
GBPCHF: MY LONG TERM MAP
+1 Reply
TomProTrader PRO moorekapital
Yes, this level we are at is definitely suspect, definitely expecting something to happen. Nice for pointing out the weekly chart as well. It's important for this trade... Alongs trading for this pair shuts below 1.4910's I'll probably start shorting cheap weak long sellbacks on this market. Lol
Reply
The more I think about it... The more I think the extension target actually looks increasingly realistic, we'll see.

tom
+1 Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Priority Support Contact Support Ideas Published Followers Following Private Messages Chat Sign Out