Hello Everyone,
GBPCHF 🥷🏾
We have here 2 scenario's
The First one and in my opinion the most possible scenario
↗️ The ascending Breakout ↗️
1️⃣ Buy after one ascending chart from the price 1.11285
🟢 TP 1.12240
🔴 SL 1.10880
2️⃣ Sell after one Descending chart from the price 1.10520
🟢 TP 1.09540
🔴 SL 1.10880
Good Luck and thank you
Give us...
this instrument has got two scenarios
seem bearish to our eye as it has done its Distribution after showing some Regular Bearish Divergence with MACD which is the sign of trend reversal and a retracement unto the Fibonacci Golden areas but it is conditioned to break the blue trend line and if so the we can have our 2 bearish TPs...
if not
then we have the...
On USDCAD, bullish scenarios are more likely to have place in the next few days:
Scenario 1: The upper trendline is valid and the price is sitting around a support so if it breaks it upward, a Long position can be entered.
Scenario 2: A less risky possibility could be that the price will dive in the zone one last time before breaking the upper trendline for...
price is in a bearish wedge and if it breaks the top we can target 1867
we have bearish divergence with MACD which can be the sign of trend reversal or some retracement down to 784
what do you think?
Bullish or bearish?
in this instrument we are having 2 scenarios
1. Long which we can target our bearish's wave Fibonacci retracement levels as we can see there exist a bullish divergence between price and MACD (Green), we have a resistance zone too, which we can have some consolidation or a sharp break trough...
2. Short scenario is also very much possible as we are in a bearish...
USDCHF is at a resistance line and can do 1 of 2 things....
1st scenario (bullish)
if it breaks out of the trend line and successfully retests then we can expect more upward movement
2nd scenario (bearish)
if it successfully rejects the trend line we can expect a continued down trend
