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ForecastCity
Nov 26, 2020 2:46 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 (1.2153). 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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 31.

Take Profits:
TP1= @ 1.2100
TP2= @ 1.2055
TP3= @ 1.2015
TP4= @ 1.1985
TP5= @ 1.1924

SL: Break Above R2

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Comments
Mesutkashmar
I guess that's right. GBPCHF's going down.
ForecastCity
@Mesutkashmar, We appreciate your comment.
Pro_Trader_007
Upvoted!
ForecastCity
sofi_Morphy
I agree. Nice setup
ForecastCity
@sofi_Morphy, Thank you for your comment. We appreciate it
SILAS10
is this prediction for 30min traders? coz according to the chart, it doesn't tell that it is going to sell
ForecastCity
@SILAS10, Please read about intraday forecasts on our website.
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