I think we're in 4th wave and anytime it could be ended and start going up to finish the wave 5. Let see what happen ;) Cheers
FX:GBPCHF Now this pair trading in a range between 1.26700 to 1.28500 We can expect the break out above the Moving average. Buy stop may placed @ 1.28500 level Potential Take profit will be 1.31000 Stop lose may placed below the 1.26600 level
GBPCHF is expected to drop to 1st support at 1.29025 where it could potentially react off and up to 1st resistance at 1.29981. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Hi traders, I hope you're well. As you must have witnessed recent rally on all GBP related pairs purely due to election sentiments. As things stands we can see the Tories are set for a majority but it is not easy as it seems and neither a plain sailing. We should see labour closing gaps and few other hiccups in coming days prior election and probably a hung...
In the name of Allah, the Most Gracious, the Most Merciful. GBPCHF Possibility of next Move. Note: This is only for Educational purposes; this is not investment advice. Thanks Adil Khan.
GBP/CHF is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry. Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing! COLOR KEY (which time frame each markup is based on): RED -...
possible Buying opportunity at support zone
i can't put it in words, please read my mind. :) #acefxanalysis
Buying GBP/CHF Entry: 1.2392 target 1.2490 (98+ pips) SL: 1.2295 (97- pips) Risk reward 1:1 Use a sensible lot size.
GBPCHF, forecast on D1
Price action has completed an ab=cd pattern, at a strong support zone on the 4 hr chart for this pair. The completion of the ab=cd pattern is a bullish signal therefore it validates our long strategy with our take profits set on the green zones. FX:GBPCHF
We see the completion of a harmonic bat pattern on the daily chart at a major support zone. We are expecting a bounce off a the support zone which signaled us to take a long position. FX:GBPCHF
We are currently shorting the pair and the strategy is to trade the 4th leg of Gartley pattern (yellow). We are also predicting a correction and that price will continue to fall to complete the 4th leg of the butterfly pattern (blue). This strategy is valid only if the yellow zone at the top is not broken. FX:GBPCHF
Do not open any trades yet, wait for second high test. I personally have already opened a trade when it did it's high test before the last candle drop. Will keep it open or close it as the market gives more data as to which direction it wants to take. GBPCHF has broken under the 4H 50 EMA and is failing to recover back on top. Following the drop, prices did a...
GBPCHF 4H & 1H time frame has a good amount of confluences between indicators and price, showing bearish divergence. We are at a pretty nice area of interest where previous price action has bounced off this resistance level of 1.31000 - 1.31700. 1.31000 - 1.31500 price level is an ideal area to short this pair to previous resistance turned support, which is around...