GBPCHF has approached a level that we have been waiting for. Everything is lining up for a really nice long term swing position to push it up more than a 1000pips.
We have the 50 fib, major trendline support, descending correction support.
Trade idea:
Watch for a clear bounce and then enter with stops below the major trendline.
First target (channel resistance): 300pips
Second target (recent highs): 680pips
Third target (-0.27 fibonacci target): 1,000pips
Goodluck and trade safe!
We have the 50 fib, major trendline support, descending correction support.
Trade idea:
Watch for a clear bounce and then enter with stops below the major trendline.
First target (channel resistance): 300pips
Second target (recent highs): 680pips
Third target (-0.27 fibonacci target): 1,000pips
Goodluck and trade safe!
Note
Hey everyone, I posted an in-depth analysis on CHFJPY where I broke down the analytical stages and explained the various phases. There’s also a breakdown on how to enter! Could be 1,000 pip move! Be sure to check it out!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want more chart ups like this? Click the links below:
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Free Telegram: t.me/Wicktator
Forex VIP: t.me/WicktatatorVIP_bot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.