💡Don't miss the great sell opportunity in GBPCHF Short

British Pound/Swiss FrancFXCM

Description

⋅ Nov 11, 2020 4:58 PM

Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.2160).
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 downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 50.

Take Profits:
TP1= @ 1.2067
TP2= @ 1.2020
TP3= @ 1.1960
TP4= @ 1.1900
TP5= @ 1.1800

SL: Break Above R2

❤️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️

Comments

Mesutkashmar

⋅ Nov 11, 2020 5:52 PM

Good job!

ForecastCity

⋅ Nov 11, 2020 5:56 PM

@Mesutkashmar, Thank you!

Kristalyn

⋅ Nov 12, 2020 10:43 AM

🍁 I like it 🍁

ForecastCity

⋅ Nov 12, 2020 10:49 AM

@Kristalyn, Thank you! We appreciate your support.

Mehmetozdemi

⋅ Nov 11, 2020 5:42 PM

Logical setup. thx again for your effort.

ForecastCity

⋅ Nov 11, 2020 5:47 PM

@Mehmetozdemi, Thanks for your support.

Lizabet

⋅ Nov 11, 2020 5:54 PM

Great! I was thinking the same.

ForecastCity

⋅ Nov 11, 2020 5:56 PM

@Lizabet, We appreciate your feedback.

RossTyler

⋅ Nov 11, 2020 5:24 PM

Great potential here, nice charting !

ForecastCity

⋅ Nov 11, 2020 5:46 PM

@RossTyler, Thank you! We appreciate your feedback.