GBP/CHF (H4 Timeframe)
A medium to high probability, to go SHORT is forming @ 1.28716 after the market found resistance @ 1.29717. Only the upward break of 1.29717 would cancel this bearish scenario.
Stop loss: 1.29717
Take profit 1: 1.28186
Take profit 2: 1.27241
Take profit 3: 1.25701
Strategy: Bearish Trend...
GBPCHF is moving while respecting Trend channel (Bearish channel) and I am saying that GBPCHF will buy after a break of trendline resistance, Remember that price has already tested the stong level of support from here it can buy and break the bearish channel easily , So the way in which we will be approaching this is always being reactive and not predictive
Enjoying a 250pips run in our direction on my last publication (see link below for reference purposes) on this pair, It appears we have another trading opportunity here-with.
The Pound to Swiss Franc (GBP/CHF) exchange rate holds steady as the price continues to respect Demand level @ Fr1.19300 in the last couple of weeks. Even though the Sterling continues to...
- big accumulations
- global trend up
- local trend up
- pressure level
You will learn the best place where we can trade this instrument at low risk.
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As we can see gbpchf has reached @ strong support zone and now we are buying this pair with a small risk and higher rewards
as you can see we had a huge gain on our previous analysis on GBPCHF ALL TP3 HIT
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