The GBP/CHF is moving in the Uptrend and the price finally has pulled back from the Resistance Area. As we can see the Fib provided us with the Support at 0.382 and according to Three Black Crows the pair is going to decline. The EMA suggest that the Support will be reliable and the price will bounce from the Support area.
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Follow the trade plans and notes. Sketch up your own trade setup and make sure you meet with the required confirmations first, before you make your move!
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GBP/CHF ended up negative Friday, as price now is approaching support both from trend line and moving averages.
Let us know what you think about this idea.
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Good morning traders today i am looking at the gbpusd (the cable) and I have observed that GBP broke the down trend created on Brexit and over all dollar weakness, however price has respected the price level of 1.32100 and i would like to take this as a shorting opportunity and head back to touch the bear trend line and retest that low of 1.24972 created in the...
I can see bears taking price down to 1.25000 area which is again a lovely round number and a very strong support and resistance area.
Price missed our key level of 1.32000 by 15pips but the trade still triggered for us, this is because we always set the orders 20-30 pips below the level as price wont always hit the target dead on and we don't mind going a few...
Welcome to our weekly trade setup ( GBPCAD )!
Market about to turn bearish..
Bearish price action and pressure formed, good short entries!
Overall bullish market about to break back towards previous lows.
ENTRY LEVEL @ 1.74750
SL @ 1.76470
TP @ 1.72060
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all...
GBPCHF finally break the 1.19 resistance area and recently restested it with a retracement of the 0.5 fib level.
At the moment price breaking the 4h structure.
According with our strategy we can set a nice long order.
Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market...
GBPDKK has moved inside a discending channel.
Price created a double bottom before starting an impulse.
Now the price is breaking the structure and the channel, after a retrace till the 0.382 fib level is created a new impulse to the upside.
At the retest of the structure we can set a nice long order according with our strategy.
Follow the Shrimp 🦐
price successfully breakout the trendline resistance and we have room to go up to 1.1918 resistance level for +250 pips! I'm still waiting for price rejection to occurs on the 1.1918 support level before placing any buy order.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of...
. There is a possibility of temporary retracement to suggested support line (1.7405). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. GBPCAD 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.