GBPCHF trade ideas
GBPCHF swing tradeA strong buy trend in the weekly and daily timeframe. Going down to the lower timeframe the market has shifted from a bearish to a bullish market. So we are on this trade.
GBPCHF long buyGBPCHF long buy. Target 1.3860
I will still looking for long opportunities for buy trade. this market was created falling wedge pattern and break the trend line.
💡Don't miss the great sell opportunity in GBPCHFTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.30000).
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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 29.
Take Profits:
TP1= @ 1.29640
TP2= @ 1.29070
TP3= @ 1.28500
TP4= @ 1.27900
TP5= @ 1.27000
TP6= @ 1.25700
SL: Break Above R2
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💡Don't miss the great sell opportunity in GBPCHFTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.2863).
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 above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 35.
Take Profits:
TP1= @ 1.2781
TP2= @ 1.2755
TP3= @ 1.2698
TP4= @ 1.2631
TP5= @ 1.2533
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
update to the early gpb chfas we can see the market was in a range bound zone now it has given a breakout and is testing the next resistance if it holds the level then i will go long my sl will be 21 day moving avg if it did not sustain it i will wait till the price reaches to 1.22030 and i see a bullish candle pattern i will go long till the next resistance level
not a trade rsi stochastic vwap are indicating sell but as we can se the price is on uptrend and even if we short it on monday it will face a strong support at 21 day moving avg i m a bit confused shall i shot it or wait for the price to reach at the bottom of the channel and buy it?
