going long here, i think we should test previous swing high heregoing long here, i think we should test previous swing high here
Gbpchfsignal
GBPCHF, 4H, Entry after market open?Hi traders,
The GBPCHF on the 4H chart is showing a beautiful Head and Shoulders pattern whereas the neckline has been broken. Now we are at a strong flipzone area that needs to be broken next. Let's see if we are going to break it or bounce back into the neckline.
As always, stay patient :)
Buy GBPCHF Breakout Long Term Based on Multiple TimeframesThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
GBPCHFOur preference: rebound towards 1.2402 before a resumption of the decline.
Alternative scenario: in excess of 1.2402, the GBP / CHF could go on 1.2439 and 1.2462.
Comment: The RSI is greater than 50. The MACD is greater than its signal line and positive. In addition, prices are below their moving average 50 (1.2357) but above their moving average 20 (1.2343
Potential Long on GBPCHF Based on 4H Chart H&S FormationHi Guys
So I think we've got an upside down H&S pattern forming, whch looks clear to me on the 2H + 4H charts. If someone can kindly check and confirm the same, I would appreciate any comments. I've measured and marked out with pink arrow + green target zone based on length of Head from neckline.
This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
Please comment below and Like if you agree with my analysis.
