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Magnatrio

GBPCHF Analysis

Long
British Pound / Swiss Franc (FX:GBPCHF)  
Magnatrio  
FX:GBPCHF   British Pound / Swiss Franc
Trend Analysis Technical Indicators Beyond Technical Analysis GBPCHF gbpchfidea gbpchfanalysis gbpchfsetup gbpchflongsetup
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trendanalysis indicator beyondta gbpchf gbpchfidea gbpchfanalysis gbpchfsetup gbpchflongsetup
The Weekly timeframes shows us that GC is currently trading in a falling wedge, following a very impulsive drop. This could mean sellers are losing their steam (long-term). A further analysis of the D1 and H4 shows us that price had an impulse move up from the weekly support trendline, and is currently in a correction phase. I will be looking for opportunities to buy on lower timeframes in case price breaks out of the correction.

*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial.
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