I think we have a great chance to Buy Gbpchf with great RR
RSI MACD divergence
Waiting for a bullish signal => BUY
ATTENTION: All of my plans, you MUST WAIT PATIENTLY for a BULLISH/BEARISH SIGNAL before ENTERING.
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The first thing to consider on Wednesday is a final composite PMI for the eurozone which is expected to rise to 52.1 from 51.8. The consensus suggests the opposite for the British composite PMI. It could have declined to 50.6 from 51.0. The same indicator for the US is likely to slip to 50.7 from 50.9. On the plus side, the ADP payroll processor may...
GBPCHF Long/Buy Idea
waiting for a momentum break above 1.2470 to buy this one
1- Regular Bullish Divergence on MACD (in red)
2- Long-Term Channel (in blue) and Short-Term Channel (in red)
3- Rejection/Support zone from Daily 1.2300
Three confluences are enough to consider Buying GBPCHF, after a break above 1.2470 (in black)
Rebound strongly from the 2360 bottom after a relative momentum decline in the price decline with the end of the previous wave
The price tests the first target range for the rally compared to its previous wave movements at 2450
More Buy Pressure Supports access to the second expected range at 2490/2500 in line with the 100 MA (on the 2 hour frame) and the...
After dovish fed, CHF has been the main beneficiary, USD/CHF tumbled 4 days in a row, pushing CHF high against all majors. GBP/CHF touches key horizontal support with bullish divergence on daily chart. Need to see if it forms tweezer bottoms on daily chart. Seems to rally ahead to aim daily 5, 10 and 20sma respectively.