Welcome to our weekly trade setup ( GBPCHF )!
Strong bullish reaction above main sr level.
Expecting further upside on gbp!
Overall good long entries, prices low.
ENTRY LEVEL @ 1.17960
SL @ 1.17330
TP @ 1.18900
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money...
Hello my friends,
Another setup is GBPCHF pairs.
I saw a potential for further upside as price just broken above the descending trendline. It is now retesting the trend line and EMA-200 also at the retested area. We could say that this is an area of confluences.
All the confirmations needed are also fulfilled so i am taking a buy position on this pair as...
Here is the Top-Down Analysis of GBPCHF (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 05 Oct
M > Price dropped till monthly support level that has pushed market to the upside in past.
W > Price moved up to test the neck and complete M formation.
D > We can see an M formation in Daily Chart providing next target.
GBPCHF wait for next station 🚀🚀🚀
Now GBPCHF will slow down wait on channel and support line for look entry BUY
❌❌IF BREAK NO TRADE❌❌
Resistance ▶ 1.2xxxx (Target)
Entry ▶▶ 1.176xx
GBPCHF potentially to go up for +300 pips if the buyer manages to push the price to the 1.2188 resistance level, currently, the price testing minor resistance at 1.1876
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.