Bearish Gartley + Double TOP
RSI must be below 70
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
GBPCHF H4 - No real market movement from when we posted earlier, few wicks upside and downside but generally still hugging that 2.00 handle, waiting to see if we reject and selloff back to support or break and retest. Not sure how much the GBP has left in the tank, CHF didn't move too much after todays antics either.
Today's analysis will be on GBPCHF. As with many parities since June, the target that the price will go in a short time within the horizontal trend in this parity is "1.2400".
GBPCHF H4 - Approaching/fighting that huge 2.00 handle. Also ties up nicely with our previous supply zone and resistance area, could be a good price to look to short from.
Short from the trendline. Pair recently broken below the trendline we should see a retest at the trendline and resume the downtrend.
Let me know your thoughts.
Trade safe and good luck.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.19). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.19). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
....
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
