Apologies the chart looks a bit squashed but its easier to see everything on the daily We can see price has reached its daily resistance and been rejected We can also see price has tried to retest a broken support level Now we are looking for structure to be broken / bounce off a fibo level and a short down to the 127.0 fibo level
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 4H BUY OPPERNUITY WITH HEAD AND SHOULDER FORMATION
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...
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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 ...
HI, TRADERS MY NAME IS KD TODAY I HAVE A GOOD STRATEGY PUBLISH TO ALL OF YOU :) YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT. THERE IS NO OBLIGATION TO CLOSE AT TARGET TP. RISK MANAGEMENT IS VERY IMPORTANT :) HAPPY TRADING~ _________________________________________________ WANT TO LEARN MORE OR RECEIVE ACCURATE AND IMMEDIATE SIGNAL? Telegram: KDEZ00
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Comparing Weak Vs Strong currencies this past week (end 2/14), GBP shored strength whereas CHF relatively weak of the two currencies-- meaning a BUY bias for the pair. Daily chart analysis has the pair price approaching significant Resistance. A good technical approach on this pair provides awesome Long opportunity to Resistance with potential continuation to...
A trade which is one of my favourites at the moment, if we see rejection from the trend line as well as the 78.6 level will be taking a long up to the -68.7 fib level. 250 PIP GAIN 8/1 RR
GBPCHF bounced off 1.26798 where it could potentially rise further to 1.27032. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPCHF expected to reverse up to 1st support at 1.27094 where it could potentially react and bounce to its resistance at 1st resistance at 1.27578. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Open position in the correction phase is always risky, but let see what happens next! Cheers!