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ForecastCity
Feb 21, 2018 12:19 PM

Don't miss this Sell trading opportunity of GBPCHF!! Short

British Pound/Swiss FrancFXCM

Description

Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (1.3115 to 1.3235), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.3115)
  • Ending of entry zone (1.3235)


Technical analysis:
  • A peak is formed in daily chart at 1.3490 on 01/25/2018, so more losses to support(s) 1.2955, 1.2830, 1.2745 and more depths is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.


Take Profits:
TP1= @ 1.2955
TP2= @ 1.2830
TP3= @ 1.2745
TP4= @ 1.2645
TP5= @ 1.2470
TP6= @ 1.2210
TP7= @ 1.1900
TP8= @ Free

Trade active

TP1 HIT!!

All SLs moved to Break-even
Closed trades:
TP1= @ 1.2955

Take Profits:
TP2= @ 1.2830
TP3= @ 1.2745
TP4= @ 1.2645
TP5= @ 1.2470
TP6= @ 1.2210
TP7= @ 1.1900
TP8= @ Free

Trade closed: stop reached

Break-even

Total Profit: 41 pip
Closed trade(s): 41 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 8 SELL trade(s) @ 1.2995 based on 'Peak' entry method at 2018.02.28.

Closed Profit:
TP1 @ 1.2955 touched at 2018.03.02 with 41 pip Profit.

7 other break-even trades closed at entry price, therefore no profit no loss.
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