Finding previous tested support. It's either a breakout short or reversing upwards. It seems to be indicating oversold, but I'm hesitant to storm in before it's confirmed. GBP is not strong, macro economic wise. Keep an eye out for GBPCHF.
Hi Guys,.. As you can see tying to make a bullish flag and should have a big move to up!
A flash back on one of my favorite trade. Overview of the next trend determination. Self explanatory imaging. Original set up
I HAVE THIS IDEA FOR GBPCHF TO WAIT UNTIL IT GO AROUND 0.5 FIB ZONE AND THEN OPEN A BUY ORDER WITH TP@1.26800 AND SL @1.23000 1:2 RISK RATION AND 240 PIPS IN GAME TRADE WITH CARE GUYS !
Following my previous analysis of GBPCHF it is currently a profitable short I tend to keep. This update is about a new short position (add-to-current-position). It might continue up, so wait a bit and keep an eye on the chart to get a confirmation it will actually go short. I will have this on my 'radar' list. I do think it will confirm a short and if so be a...
This is only a trading capability - no recommendation !!! Next week i`ll confirm or change my opinion about this SetUp :) Buying/Selling or even only watching is always your own responsibility ... Best regards Aaron
Looks like a new wave on the week chart. I am leaning to the down side, but might continue up. Time will tell. Keep an eye out for the long run.
On the daily chart the correction seems over, we will have confirmation when a bearish pattern will appear. We are on 61,8% Fibo. Furthermore the trend line, if you go back on the daily chart, has worked several times as dynamic support and resistance. So i think the trend line could work again as dynamic resistance and will push down the price. Leave me comment,...
Buying after a successful break out and retest. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as...
will be selling this after watching price action, waiting for channel to complete similar ideas by TEAM, linked below :-
I Mostly used candlesticks in this analysis. My forecast is bearish on the long term.
What we have here is basically : 1) Price is at strong Weekly & Monthly support. 2) Double bottom. 3) Broken trend line. Shorting at current market...
GBPCHF LONG TERM BULLISH - 785 PIPS