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.
Call No. 4 GBPCHF Shortsell @ 1.2680 stoploss @ 1.2830 (150 pips) Target @ 1.1780 (900 pips) RR 1:6. As u can see GBPCHF always facing resistance from W1 200 MA and its a longterm downtrend. It will keep continue downwards in long term.
This pair already reach support channel up,
we have 169 pips range as bullish target
Trading plan :
Buy range : 1.2704 - 1.2787
Stoploss : use your money management system
Take profit range : 1.2816 - 1.2856
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the...