GBPCHF
Head and shoulder pattern in GBPCHFHello Everyone
Here is an analysis on GBPCHF
As we can see there is a head and shoulder pattern.
The pair has made one shoulder and head and is about to
make its secound shoulder.
GBPCHF we are BullishWe are Bullish in GBPCHF. Only Buying in GBPCHF. We see potential up side move in this Pair
Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2613). 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 40.
Take Profits:
TP1= @ 1.2530
TP2= @ 1.2475
TP3= @ 1.2360
SL: Break Above R2
Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2670). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCHF is in a uptrend and the continuation of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 1.2900
TP2= @ 1.3160
TP3= @ 1.3400
SL= Break below S2
Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2233). 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 uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.
Take Profits:
TP1= @ 1.2290
TP2= @ 1.2345
TP3= @ 1.2470
SL= Break below S2
Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.19815). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCHF is in a down trend and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 1.2105
TP2= @ 1.2333
TP3= @ 1.2676
SL= Break below S2
Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.3196). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 62.
Take Profits:
TP1= @ 1.3329
TP2= @ 1.3415
TP3= @ 1.3815
SL= @ 1.3170
GBPCHF_ShortRisk Disclosures:
Investments in securities are subject to market risks, which includes price fluctuation risk. There is no assurance or guarantee that the objectives of any of the products mentioned in this document will be achieved.
As a business, we offer stock recommendations based on technical research ONLY. We have not authorized any organization or firm to represent us and offer stock recommendations on our behalf.
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GBPCHFEverything is mentioned in the chart as to why we should go long coupled with All the positive bullish divergences on the higher time frames, Going long here.
Entry at the retest.
Buy: 1.30501
TP1: 1.31100
TP:2 1.31480
SL: 1.29890
GBPCHF- Range possiblitiesAB is a Range confirmed by pivots 'CDEF'.
As HTF bias is to the upside the price is likely to break the range resistance and continue to move up.
Green line: represents rejection or unacceptance of break of range boundaries
Orange line: represents acceptance of break of range boundaries
Trades can be taken one the pullbacks.
