Flats are uncommonly traded correction patterns on the Elliott Waves Traders Communities. I go over The in and outs of the flat correction. Wave A is a correction, wave B is a correction, and wave C is a motive wave.
📚 LEARN MORE 💰 EARN MORE With ForecastCity What is a Range-Bound Market? A range-bound market is one in which price bounces between a specific high price and a low price. The high price acts as a major resistance level in which price can’t seem to breakthrough. Likewise, the low price acts as a major support level in which price can’t seem to...
Here is today's GBPCHF trade which took a little to get going but then easily reached it's PT (+101 pips). good Solid trade, all 4 horseman aligned :) Allen
Market technicals indicate further sell. Trade at your own risk ...
I took a trade this morning on GBPCHF. I was able to confirm the breakout using the relative strength index. ENJOY!
Welcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. GBPCHF – Sellers on the decisional edge Trend : Sell/ Neutral Support/Resistance: R3: 1.30175 R2: 1.28902 R1: 1.28029 S1: 1.26765 S2: 1.25092 S3: 1.24123 S4: 1.22013 Price...
Expecting a sell one market breaks out of channel, use lower timeframes to time entry. For educational purposes, trade at your own risk.
today we started with a slightly mixed market (only 2 bullish pairs) but a preference to sell because of the gap down at the Sunday open. After the GBP pairs pushed down (and we got a great breakout trade), we set-up an MA trade on this pair. This was the last to reach the MA. and clearly worked the best. Those who trade the Gold Method Ichimoku and have been in...
GBPCHF– Buyers might looking for higher price levels. Trend: Strong Buy Support/Resistance: R4: 1.32568 R3: 1.31354 R2: 1.30288 R1: 1.28926 S1: 1.28275 S2: 1.27360 S3: 1.26577 Price action: Sellers are working on potencial sell because of weak eur currency on the other side. Sellers has to break S1 and then will be even more stronger then, they are now....
GBPCHF – Buyers started following power of Gbp currency. Trend: Buy/ Neutral Support/Resistance: R2: 1.29594 R1: 1.28518 S1: 1.27640 S2: 1.27036 S3: 1.26425 Price action: Price is headed to test last Higher High by buyers momentum. If the price will break first resistance, it might go higher to achieve second target at 1.29594. If first test to last higher high...
GBP/CHF is in strong buyers territory, up trend and right now in consolidation mode. We are waiting on break bellow the structure and with target to the end of buyers territory or on the break above the structure and with target on the higher time frame 1.33700.
Dears, please, find our information as mention on the chart. God knows and good luck
GBPCHF – Buyers might go forward to test high levels Trend : Strong Buy Support/Resistance: R3: 1.31376 R3: 1.30305 R2: 1.28878 R1: 1.28184 S1: 1.27813 S1: 1.26778 Price action: In this range market flow is caught into range flow, which is undecisional spot. Once buyers and sellers show the right timing, we'll know who's gonna continue. I have positive look...
Another week is coming to an end and we have had some immense volatility across GBP pairs. We have some heavy GBP data this evening AFTER market close which has a high probability at showing if there is going to be a deal in regards to Brexit. With that being said, it is HIGHLY advised to close ALL GBP positions, as the future is unknown and come market open, we...
Due to fundamentals i wont be taking this trade however we can see a rising wedge forming which suggests we could see a temporary move to the downside. We also have bearish RSI and MACD divergence.
Its easy to get carried away and over analyse our charts, but a lot of the time all we need to do is keep it simple; our biggest barrier is our emotions. ALWAYS KEEP THEM IN CHECK x
FX:GBPCHF 4 Hour This image explains everything. 4 Hour breakout levels identified. Waited for a 4 hour candle to close below the blue line. Entered on retest. . Closed .07 @ +20 pips. And left .03 running with a 20 pip trailing stop from breakeven. Also posted the progress of this trade on my Instagram stories. Check it out @ www.instagram.com