Here is our technical view for GBPCHF.
Our analysis is based on purely technical outlook.
According to our drawing GBPCHF is trading within a support area.
Based on our stand point the price will rise
to the next resistance level.
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EUR-CAD is trading in a downtrend
And the pair broke several support level
But a very strong level is ahead
And if we see a breakout of the falling channel
After the retest of the support
Then a rebound and bullish correction will happen
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Hello awesome traders...
Currently monitoring this nice set up on the H1.
Market behavior has been generally bullish.
Price currently sitting at 36770.
Entry can be after candlestick pattern confirmation,
Or break and close above 36873
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A clear Inverted H&S on #GOLD Daily chart, price didn't complete the test of the zone at 1804 however there is resistance at 1800 which was well respect. I am looking for a position to go LONG when price retest H&S and I have indicated where my buy will be which is 1778. I will start entering from 1780 with small positions and gradually increase the lot size as...
I've decided that it's a good goal to set a 1X trade on this swing trade. Exactly as i didn't expect it to go so long and high but i kinda realised this re assement will be a good goal and target to go for. That's 100% ROI.
If you didn't get in way back then too bad really.
After formation of these running triangles and taking into account all the fundamentals, we expect long term bullish move.
Time to take nice longs and make money with us.
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