This pair currently is in downtrend movement.
Its forming a descending triangle & will break the critical value in negative direction.
Hence, it will be bearish from here.
Trading 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...
Trading 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....
Ciao colleghi traders,
ho valutato con attenzione il cross GBP/CHF che ha rintracciato fino ad area 1.22622; tale area tecnicamente è un punto di possibile ritorno al trend principale.
Come potete evincere dai grafici che posto, sono un trader che ama la Price action naked, uso pochissimo e solo in alcuni casi gli indicatori e le medie mobili, ma non baso mai...
Trading 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....
Trading 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....
