From the view if the BTCUSD chart on a 4H , There is a tendency for price to fall below the current price of 51749 to about 47109 and probably further to 43091.
The current support level on fib retracement extension is currently holding at 50263, if broken we might encounter 47109.
If prices rises from the support level, we push to 54693 and further.
I advice to...
After a long rest from the bullish rally, it may seem as though the movement wants to continue up north.
Price is anticipated to break through 1983.39 resistance level and retest it to support the success of the bullish rally.
Buy= 1983.39
Stop loss= 1910.72
TP= infinite.
Wait and take proper risk .
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This analysis was concluded on a DAILY time frame, lower timeframe shows consolidations but we have possible TRIPLE TOP here and most likely sell off to hit the trendline below again, alot of consolidation on lower timeframes.
Sell limit= 1.80930
TP= 1.73116
Take your risk and confirm with your analysis.
An inverted head and shoulder is formed, anticipating a bullish rally.
Entry 1.18359
SL 1.17130
TP 1.20359
In case the price action invalidate the pattern formed above, then it might rally south to test that point as indicated.
Find your best entry here.
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Congratulations to you my friends that traded GBPCHF last week with me, it hit my target accurately.
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