ForecastCity_ME

💡Don't miss the great sell opportunity in GBPCHF

Short
FX:GBPCHF   British Pound / Swiss Franc
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

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ForecastCity English Support Team ❤️
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Comments

Good job! Clean analysis.
+3 Reply
ForecastCity_ME Mehmetozdemi
@Mehmetozdemi, Thanks! We appreciate your comment.
+1 Reply
Totally agree with your idea.
+2 Reply
ForecastCity_ME Mesutkashmar
@Mesutkashmar, Thank you for sharing your feedback.
+1 Reply
Excellent! as always!

Thank You for sharing! ❤️
Reply
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