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ForecastCity
Sep 5, 2020 6:09 PM

Don't miss the great buy opportunity in GBPCHF Long

FX:GBPCHF60
British Pound/Swiss FrancFXCM

Description

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Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.2074).
. 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.

Take Profits:
TP1= @ 1.2173
TP2= @ 1.2221
TP3= @ 1.2283
TP4= @ 1.2372
TP5= @ 1.2428

SL= Break below 1.2047

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ForecastCity English Support Team ❤️
Trend AnalysisChart PatternsTechnical IndicatorsGBPchfGBPCHFforexsignalsforexsignal
Comments
sara-kian-fx
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Great analysis! 😍😍😍
ForecastCity
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@sara-kian-fx, Thank you very much.
PCHamamas
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Nice work again, I had the same idea seems range bound on the daily from late April between 1.175-1.22
ForecastCity
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@PCHamamas, Thank you for your feedback.
ForecastCity
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@PCHamamas, We appreciate your comment.
Mesutkashmar
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I didn't get the notification!! please send me the link again.
ForecastCity
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@Mesutkashmar,
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DenizKilicDeniz
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What is the time frame?
ForecastCity
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@DenizKilicDeniz, It's H1
Pro_Trader_007
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Uptrend is broken. we should expect a drop to 1.1942.
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