In the name of Allah, the Most Gracious, the Most Merciful. GBPCHF Possibility of next Move. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
In the name of Allah, the Most Gracious, the Most Merciful GBPCHF Ready For Next move. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
GBP/CHF is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry. Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing! COLOR KEY (which time frame each markup is based on): RED -...
Buying GBP/CHF Entry: 1.2392 target 1.2490 (98+ pips) SL: 1.2295 (97- pips) Risk reward 1:1 Use a sensible lot size.
GBPCHF, forecast on D1
GBPCHF is approaching its resistance at 1.20363 where it is could reverse down to its support at 1.20148. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
The pair is getting ready for an explosive move imo. After entering oversold territory and bouncing back the pair has been meeting resistance at around 1.194 area as expected. It did try to move lower but it failed to do so, we can see the last daily candlestick is a pinbar and the day before it also failed to move lower. If it breaks the resistance the pair can...
We have the Stochastic monthly which is already quite low. We arrive at a very big monthly support that just, for this reason, it is interesting to place a purchase order. target: 1.2550
Do not open any trades yet, wait for second high test. I personally have already opened a trade when it did it's high test before the last candle drop. Will keep it open or close it as the market gives more data as to which direction it wants to take. GBPCHF has broken under the 4H 50 EMA and is failing to recover back on top. Following the drop, prices did a...
Respected followers as we can see on the chart that on last friday GBPCHF made bearish engulf candle and also rejected 200 SMA on overbought of stichastic level which give us full surety of sell trade on this current price.
Respected followers, as we can see that GBPCHF has rejected its trend line on thursday which was support line accordingly trend line. So in this way we can see further upside move in GBPCHF. Reward ratio is 1:2 which is too good.
My opinion on GBPCHF is the price might touch the 50 SMA before continue to the downtrend or uptrend. But let see what the daily price action gives us for tomorrow. Patience is one of best weapon one trader must have . Good luck guys