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ForecastCity
Aug 27, 2019 11:26 AM

Don't miss the great buy opportunity in GBPCHF Long

British Pound/Swiss FrancFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.19815). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPCHF is in a down trend and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.

Take Profits:
TP1= @ 1.2105
TP2= @ 1.2333
TP3= @ 1.2676

SL= Break below S2
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