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GBPCHF – Sellers on the decisional edge
Trend: Sell/ Neutral
Support/Resistance:
R3: 1.30175
R2: 1.28902
R1: 1.28029
S1: 1.26765
S2: 1.25092
S3: 1.24123
S4: 1.22013
Price action:
Overall flow is neutral, because the market still didn't decide which side is dominant. At the moment sellers are more powerfull then buyers, but we can't said yet this is sellers trade till the price break S1 level. If sellers will break S1 level, then price will follow potencial bear targets. If sellers will make fakeout then we have to wait for market decisions and finding new our potencail Elite spot.
Thoughts on this trade spot: At the moment GBPCHF currency pair is bearish. The problem we see is at current point because sellers didn't take advantage for selling lower, but they stopped. First we have to wait for buyers pull back that is dependent on next supportical resistance levels.
Continuation from previous week*
Potencial trade idea:
Bulls targets:
T1: 1.28902
T2: 1.30175
Bears targets:
T1: 1.25092
T2: 1.24123
NOTE – We are trading GBPCHF via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy
Use our free analysis where you have everything you need for potencial trade ideas and profit.
GBPCHF – Sellers on the decisional edge
Trend: Sell/ Neutral
Support/Resistance:
R3: 1.30175
R2: 1.28902
R1: 1.28029
S1: 1.26765
S2: 1.25092
S3: 1.24123
S4: 1.22013
Price action:
Overall flow is neutral, because the market still didn't decide which side is dominant. At the moment sellers are more powerfull then buyers, but we can't said yet this is sellers trade till the price break S1 level. If sellers will break S1 level, then price will follow potencial bear targets. If sellers will make fakeout then we have to wait for market decisions and finding new our potencail Elite spot.
Thoughts on this trade spot: At the moment GBPCHF currency pair is bearish. The problem we see is at current point because sellers didn't take advantage for selling lower, but they stopped. First we have to wait for buyers pull back that is dependent on next supportical resistance levels.
Continuation from previous week*
Potencial trade idea:
Bulls targets:
T1: 1.28902
T2: 1.30175
Bears targets:
T1: 1.25092
T2: 1.24123
NOTE – We are trading GBPCHF via the preferred trading setups by EliteFxAcademy
Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Keywords:
Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education
Good trading!
Elitefxacademy