DK_Investment

GBPCHF - big movement incoming - how to trade

Short
FX:GBPCHF   British Pound / Swiss Franc
Market price has build a triangle pattern and is near end of this. I expect a big breakout movement after market price leaved the triangle and closed above or under it. Don't expect that market will reach take profit areas in one single movement, we can expect movement and correction for 3-5 days which needs a high psychological self control to make this trade professional.

-Regular RSI is within down trend channel and retraced from trend line which indicates down movement
-Bollinger bands are tight and going sideways which indicates an bigger incoming market movement
-Market price is near 50 day moving average (yellow line) - a close of the current candle above brings buyers into the market and a close of the current candle under it brings sellers into the market

When to entry the market with best risk/reward ratio will be updated in our VIP group, contact us for further information.

Comment:
trade still inactive
Trade active
Trade closed: target reached:
trailing stop reached after today breakout above 1.270

The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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.