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ForecastCity_World
Jul 8, 2022 3:47 PM

💡Don't miss the great buy opportunity in GBPCHF Long

FX:GBPCHF240
British Pound/Swiss FrancFXCM

Description

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Trading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1683).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 65.

Take Profits:
TP1= @ 1.1803
TP2= @ 1.1882
TP3= @ 1.1967
TP4= @ 1.2069
TP5= @ 1.2142

SL= Break below S2

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsGBPchfGBPCHFgbpchflong
Comments
UnknownUnicorn15614419
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Quality post mate!
ForecastCity_World
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@TradingStat, Thank you for your feedback. We appreciate it 🌹
Solldy
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I think it might work. Before reading the idea, I did my own analysis of this asset and also came up with a similar scenario for the price movement.
ForecastCity_World
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@Solldy, Thank you for your comment. We appreciate it. 🌹
davidgolandak
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This is great.
ForecastCity_World
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@davidgolandak, Thank you for your comment. We appreciate it. 🌹
Mu3jab
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As expected it teaches and bounces back 😍😍
ForecastCity_World
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@ghanemalshahyari, Thank you for your comment. We appreciate it. 🌹
Sophi2018
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Professional work. Keep it up .
ForecastCity_World
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@Sophi2018, Thank you for your feedback. We appreciate it 🌹
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