Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it.
As we can see, the price has hit its TRENDLINE RESISTANCE and is falling down.
Let us know your views on this in the comment section. Thank you all.
There is good news for our followers. We will be...
Here is our analysis on GBPCHF.
The level where the price is trading right now is decent
and the price will most likely retrace from that.
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Hi to all,
GBP/CHF is moving in a descending trend and came to test resistance again. This zone is so important i think, for breakout the trend and go long or come back and keep fall.
If it comes back and breakout the rising minor trend down, we can short it till 1.2450
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GBPCHF is reversing from sell entry, in line with 127.2% Fibonacci retracement and 38.2% Fibonacci extension. Prices are expected to fall to take profit, in line with 50% Fibonacci retracement and 38.2% Fibonacci extension. Alternatively, prices may rally to stop loss, in line with 161.8% Fibonacci extension. Indicators are showing bearish reversal.
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.
GBP-CHF is close to retesting the falling resistance line
While trading in a bearish trend
Which makes us bearish biased
Also, one might notice that a bear wedge is forming
On the lower timeframes, which feeds into the bearish narrative
Thus, we are expecting a bearish breakout from the wedge
And a move...
🏛GBP_CHF is trading in a downtrend
And now the pair is making a pullback
From the recent lows
I am bearish on the pair
Therefore,I think that we will see a move down
Once the resistance is fully retested
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Analysis on #GBPCHF
This is a simple structure setup, I am looking for a reversal pattern near 1.2800 to get in a sell trade targeting the previous support level.
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