GBPCHF is sitting on important daily,weekly and monthly levels and there is potential for a reversal from here if the structure holds providing a very good RR for a long trade, tomorrow we have the British GDP coming up and that may just bring the key reversal from here. Please trade these kinds of setups if you have the proper strategy. Wish you all a very...
FX:GBPCHF Completed Crab with RSI Divergence CRAB Point B: 38.2% to 61.8% XA Point C: 38.2% to 88.6% AB Point D: 161% ext XA 224% to 316% ext AB Target: TP1 61.8% CD TP2 127% CD Safe trades
FX:GBPCHF Buy the eventual 61.8% retracement Target an AB=CD pattern @Monthly resistance MN1 Safe trades; open.spotify.com
FX:GBPCHF Eventual bullish Bat with point C forged below point A, nice R/R for a short. Bullish BAT: Point B: 38.2% to 50% XA Point C: 38.2% to 88.6% AB Point D: 88.6% XA Targets: TP1 38.2% AD TP2 61.8% AD Safe Trades;
This H&S should commence a decent rally in this pair. Good luck, Ali Sharif Azadeh, CFTe
IF candle closes above blue line describe then i am long with take profits@flag If market does not go higher from this place then there is no trade for me.
If candle closes above blue line then i am long with take profits@flag If market does not go up from this point then no trade for me on this pair.
Trade is set up a bit ahead of the usual entry because I believe we will have a trend reversal instead of a regular retracement. I am doing this early because the market is acting funny with the swiss franc so I think they are up to something (big overreaction). If it does end up dropping more it will then be due for a retracement which would probably manage to...