FullTimeTrader
Short

GBPCHF-simple S/R setup

FX:GBPCHF   British Pound / Swiss Franc
833 6 17
This pair is starting a strong long term decline. Right now price closed below the strong level 1.500 and is bouncing from it.
Next targets would be the S/R levels shown on chart.
Best regards.

*****************DISCLAMER********************************************************************
This is just and idea, not a recommendation to buy or sell.
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).

i agree with you, but i am in long now. Targeting 0.382 after potential cypher completed sharply and will look for short around retracement at 0.382 , 0.5 or 0.618.
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BLKS BLKS
In H1 chart i am also assuming a potential cypher to be form as well
snapshot
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S/R levels???
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hi
the MA 50 and 200 is at 1.47 weekly and monthly
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FullTimeTrader ArAlshammary
Yes, 1.47 could be a good area to take some profits and move SL to BE, managing the trade depends on each trader. regards.
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yep fully agree with you as candle is showing big rejection from resistance and a big continuation sign
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