today i missed to upload.
traingle pattern breakout buy above 945 target 951 sl 939.
now for tomorrow buy above 952 target 960 sl 944.
upl has resistance area 963 zone if it breaks and sustain for 15 min go long for positional target 993
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=0.664.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of S2=0.663.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of...
. 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.
. 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.