ForecastCity_EU
Short

Don't miss the great sell opportunity in GBPCHF

FX:GBPCHF   British Pound / Swiss Franc
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.1885). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.

Take Profits:
TP1= @ 1.1715
TP2= @ 1.1578
TP3= @ 1.1417

SL: Break Above R2
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Comments

Thank you for your insight.
+2 Reply
ForecastCity_EU Mehmetozdemi
@Mehmetozdemi, you're welcome
Reply
thanks for your ideas
+1 Reply
@Kamryn, you're welcome
Reply
Your BIG PROFIT ROAD MAPs are unique and Excellent!
+1 Reply
ForecastCity_EU sara-kian-fx
@sara-kian-fx, That's kind of you
Reply
Great analysis!
+1 Reply
@Kristalyn, Thank you
Reply
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