Currently the British Pound is showing weakness against several pairs due to change in fundamentals last week, and is expected to fall, so we can consider it to sell against the swiss franc and aim for 1.10908. Also there is a cypher pattern formation on the daily timeframe, must use stop-loss.
Note - This is my personal analysis and not financial advice, before...
We provide GBPCHF 2 hour chart analysis. market move in trend channel if market brake high and come to retracement then entry buy position stop loss and target it's your choice. proper follow trading rules, money management etc. we provide daily 5-6 forex chart. and analysis next market move, chart pattern, forex, stock market crypto currency etc. forex chart...
GBPCHF is continuing downtrend on the 4 h chart. So that the only open SELL trade this time. Today market close and this pair price 1.11409 on current time, And retest again on the 1.2200 key level. My first target 1.09300 and second target 1.05200.
abhishek long position
Day trading is the act of buying and selling a financial instrument within the same day or even multiple times over the course of a day. Taking advantage of small price moves can be a lucrative game if it is played correctly. Yet, it can be dangerous for beginners and anyone else who doesn't adhere to a well-thought-out strategy.
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#GBPCHF weekly bias looks bearish. The seller’s price of interests are 1.2421, 1.2453, 1.2463, 1.2473
The possible targets are 1.2307, 1.2185
These analysis are based on the current market swing and we update our views based on the upcoming future swings
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#GBPCHF Daily momentum is bearish. Sellers price of interest are1.24740 1.24870 1.24970 1.25090
The possible targets are 1.24450 1.24030
These analysis are based on current market swing and we update our views up on the upcoming future swing
Trading suggestion:
". There is still a possibility of temporary retracement to the suggested resistance line (1.2798).
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 a downtrend is expected.
. The price is above the 21-Day WEMA, which acts...
