GBPCHFWaiting for a retracement before going for a long run.
Reason for Buying: Inverted H&S Pattern
GBPCHF trade ideas
GBPCHF SMALL SHORTING OPPORTUNITYAfter days of bull race a small shorting opportunity in GBPCHF ....For SL and Tp look in chart
GBPCHFMay be a retracement happen. but still hold short position.
Use proper Risk Management and waiting for a BE and BT
GBPCHF - 4 HOUR ANALYSIS SHORT CMP 1.26791 TARGET1.26341- 1.GBPCHF - 4 HOUR ANALYSIS
SHORT CMP 1.26791
TARGET1.26341- 1.26034- 1.25691- 1.25168 +
ADD MORE IF GET @ 1.2700
SL ABOVE 1.272 9CANDLE CLOSING BASIS)
GBPCHF ANALYSISIT BREAKS THE SUPPORT AND FORMS RESISTANCE.. IT HAS TE POTENTIAL TO GO DOWN UPTO 1.26023
💡Don't miss the great sell opportunity in GBPCHFTrading 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 as a dynamic support.
. The RSI is at 30.
Take Profits:
TP1= @ 1.2756
TP2= @ 1.2714
TP3= @ 1.2675
TP4= @ 1.2640
TP5= @ 1.2590
SL: Break Above R2
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GBP/CHF 1. COT DATA SEEMS VERY BULLISH TO GBP AND BEARISH TO CHF
2. IT SHOWS CONSOLIDATION AFTER A DOWSINDE MOMENTUM AND NOW SHOWING SOME BULLISH SIGN
3. ENTER IIN 1 HR OR LESS THAN THAT TO GET A GOOD RR
