PRICE JUST BOUNCED OFF A VERY RESPECTED AND STRONG SUPPORT ZONE AND IS PROCEEDING UPWARDS. LOOKS LIKE A 300 PIPS MOVE. WILL TAKE 1 OR 2 DAYS TO REACH TP.
GBPCHF Little sell and long Buy CTLB then buy
The POUND has been very strong for some weeks now, GBPCHF won't be different. The Pair is obviously on an uptrend seeing that it has printed a DAILY ENGULFING , and has just broken through a resistance and successfully retested it on H4 TF. I expect a bullish move to 1.96300 where it'll meet a WEEKLY Falling Trendline. Sweet +60 pips 😉 Don't forget to...
Based on the 4hr tf we could see clearly an inverted head and shoulders are forming. This also go along with GBPUSD pattern. We could see price continue to go up as GBP currently gaining strength. Buy gbpchf 1.1800-1.1815 Stop loss 1.1730 Take profit 1 @1.1875 Take profit 2 @1.1950 good luck
Here in GC i'm focusing on buying as well as on sell. So, Firstly focusing on buy then we have a trend which is about to break as it bounce from the support zone which is absolutely strong..Also over that support zone we have a Zone in which is trying to move...... and if we talk about its resistance which is seems to be same that's mean its the base from where...
Price has been rejected at support a number of times, i expect it to consolidate for a bit before shooting up the target zone
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What I see here is quite interesting, with very low risk we just do this trade to check price movement, as we have psychological point at 1.20000 it works as a resistance just above which it confirms our trade, with RR of 1:8 which is really good to trade, but lets see guys, Goodluck Everyone ...
OANDA:GBPCHF still retracing back to the daily support zone. It broke the 1st level support level and it is heading for the last one.
It's looking like a drop based on larger timeframe right down to the 30 minute.
Fib retracement level lining up with the 38.2% line. Currently going short. 1:5 R/R.
An opportunity to sell GBPCHF. Instant SELL!
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Thanks for Taking Interested in my Trading Idea. GBPCHF: LONG AFTER PULL BACK Dear followers, the best Gift for me is "will be your likes , comments & Share Note: This is only for Educational purposes; this is not investment advice. Thanks for your support!
Dates in the future with the greatest probability for a price high or price low
Dates in the future with the greatest probability for a price high or price low