The GBPCHF has been trading Bearish ofr quite some time at this moment we are still looking for a last bearish shootdown approaching the support resistance on a daily chart.
After constant testing of support level 1.256 we can see price finally breaking lower whilst still fitting within this downward channel pattern which should lead this pair to the major bottom level 1.24250. If so, this should give one last impulse within the channel pattern before any wave theory reversals can be put intact. Waiting for a retest of this...
If breaks below the support and re-test the ceiling use these confirmation; 1- NEW RESISTANCE RE-TESTED (YES OR NO) 2- REVERSAL ZONE (CHECK) 3- FROM SUPPORT TO NEW RESISTANCE ( CHECK) 3- REVERSAL CANDLESTICK PATTERN (MATCH ANY REVERSAL CANDLESTICK PATTERN) Now relax enjoy your FREE pips. This Trade Set Up Will Take Up to 3-5 Day to activate short position with a...
i am looking gbpchf short from here
It seems it might go down for a while. Still GBP pairs are in risk. so if going to trade, manage risk. GBPCHF
I am looking this pair down to my targets as per my analysis. Good Luck
GBPCHF is showing a bearish shark at the 1 day chart Risk rewad is 3 or more. MACD 1 RSI looking to go down
A lower time frame sell setup will give confirmation.
1 to 2 divergence 2 to 3 no divergence on histogram sign of weakness in uptrend at key resistance level.
We are currently in a weekly supply zone. I made a nice 1:3 short opportunity. If you want other pairs to analyse please leave a message in the comments .