She needs to stop looking in the mirror ;p
Take note of this key resistance turned support zone that price is currently at as I wont spoon feed you forever! So we are expecting bullish movement from this area.
This is a good area and is obviously where big banks have set orders previously, so start thinking like a big investor and start making money instead of...
We entered a sell position since the GBPCHF broke strong 4H support and in retesting/consolidation phase before heading down for further drop.
We can see that the next support is at 1.24162 where we sat our TP near this strong support.
Alright, next week I'm focusing on GBP pairs as the beginning of the week starts with news coming from GB.
As Trump is supporting Brexit and the "great deals" to be made between the US and GB, I'd like to see this pair finally to make some moves to the upside as the other GBP pairs have already started to show some strength after falling for the whole...
Weekly Support Zone
Waiting for Bullish Signal => BUY
Plan Buy GBPCHF 1.254 - 1.258
TP1: 1.264 TP2: 1.27
SL: decide after entering
NOTE: All of my plans, you have to be patient to wait for the price close to the EXPECTED ZONE. Then you should WAIT FOR REVERSAL CANDLES or PATTERNS on the low timeframe before EXECUTING ORDERS.
Price is below the Daily and the 15 KS as well as the cloud, but above the 60 KS. This is a Type 2 trade with a High probability and good RRR.
Entry = enter short on a CLOSE, not a penetration, below the 60 KS at 1.25932
Stop = approx 1.2610
Risk = 20 pips
Profit target = 1.2530 ( The projected daily low )
Reward = 60 Pips
RRR = 3-1
Lower time frames directional biases is strong buy. Higher time frames show sell. I believe we are headed up to the 61.8% weekly retracement level to the weekly downward trendline. Highest level for 2019 1.34220. Pullback to 38.2 1.31098. Downward trend line broken by price. Looking for pull back for buy entries at 1.27200 & 1.28024.