ForecastCity

💡Don't miss the great sell opportunity in GBPCHF

Short
FX:GBPCHF   British Pound / Swiss Franc
". There is still a possibility of temporary retracement to suggested resistance line (1.2863).
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 35.

Take Profits:
TP1= @ 1.2781
TP2= @ 1.2755
TP3= @ 1.2698
TP4= @ 1.2631
TP5= @ 1.2533

SL: Break Above R2

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ForecastCity English Support Team ❤️
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Comments

You rock!
+2 Reply
@Kamryn, Thanks 🌹
Reply
It went so well and I did enjoy your ideas. Thanks 👍
+2 Reply
ForecastCity Josef_anderson
@Josef_anderson, You're welcome. 🌹 It's good to know you liked it
Reply
good update & i agree you
+2 Reply
@Sir_Ray, Your support is appreciated 🌹
Reply
Great Idea, would you say this is still valid?
+2 Reply
@Mahidk, Thanks for your comment. Yes, it is valid. The price is in the sell zone now.
+2 Reply
i like it. seems so right to me
+1 Reply
ForecastCity Best_Forecast
@Best_Forecast, thank you
Reply