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ForecastCity
May 20, 2020 3:40 PM

Don't miss the great sell opportunity in GBPCHF Short

British Pound/Swiss FrancFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.1885). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.

Take Profits:
TP1= @ 1.1715
TP2= @ 1.1578
TP3= @ 1.1417

SL: Break Above R2
Comments
sara-kian-fx
Excellent prediction
ForecastCity
@sara-kian, Thanks
fxniki
Thanks for sharing such a great sell opportunity for GBP/USD with us. 🥰🙏🥰
fxniki
@fxniki, Sorry GBP/CHF :)
ForecastCity
@fxniki, Sure ;)
ForecastCity
@fxniki, You're welcome!🙏
sara-kian-fx
Thanks for sharing this great idea
ForecastCity
@sara-kian, You're welcome!🙏 we hope you find it useful.
dzulkiflisy
thanks 👍👍
ForecastCity
@dzulkiflisy, You're welcome!🙏
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