Idea is based on a combination of Elliot wave, Median Line analysis and Fibonacci extensions. The rationale behind this technical analysis is shown on the chart. In this particular case unfortunately I can not tell you where my stop losses are going to be since I have dynamic targets (and thus stop losses). If you understand my approach then it shouldn't be that...
$GBPCHF still in the uptrend channel on the daily chart There Correction on the four hours chart Breaking the corrective channel target will be 1.5260 next 1.5300 and 1.5340 eyes on 1.5400-20 Breaking the bullish channel target will be 1.5100 and eyes on 1.5000 www.targetforexsignals.com www.fxtchart.com
Apologies for the mistakes in the title. Please ignore this idea, check out my previous idea about GBPCHF
GBPCHF is trading in an ascending channel, bullish trend. PA reached the top boundary and 127.2 ext of previous high on very strong impulse leg from the bottom channel boundary. Although the 113 ext at 52 provides support last week the breach is likely to test 5122. The support can be observed on the RSI too (red TL).
Idea is based on a combination of Elliot wave theory and median line analysis. The rationale behind this technical analysis is shown on the chart along with specific targets and stop losses. Good luck guys.
Idea is based on a combination iof median line analysis and Fibonacci ratios. Don't hesitate to ask if you want to know more. Chart contains all reasoning behind this technical analysis and concrete targets and stop loss!. One can argue that going long from current price is not bad considering the RR, however personally I would wait for the price to stabilize of...
Price has hit a double high at the significant 1.5 level, we have now formed a large bearish outside bar engulfing the prior 13 bars and closing below the 1.5 level. This is showing strong rejection above 1.5, provided the 1.5 holds now as resistance a short may see 1.49 reached as a first level of initial support.
1.Deep bearish cypher 2, AB-CD 3. RSI overbought with divergence 4. 1.50 even handle 5. Fib. cluster