fibonacci strategyentry @ 80% retracement
take profit @ this levels .382 and .25
stop profits @ 100% retracement
GBPCHF trade ideas
Bear Flag - SellPrice is forming a symmetrical triangle suggestive of a more chances for a drop.
Hence waiting for the setup to form before entering short
Simplicity is key to be successful in trading.
Thanks to all those who have followed me and liked my post.
Especial thanks to all those who DM me and commented on my analysis wanting to know more about the trade.
💡 Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2153). 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 31.
Take Profits:
TP1= @ 1.2100
TP2= @ 1.2055
TP3= @ 1.2015
TP4= @ 1.1985
TP5= @ 1.1924
SL: Break Above R2
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💡Don't miss the great sell opportunity in GBPCHF Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.2160).
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 50.
Take Profits:
TP1= @ 1.2067
TP2= @ 1.2020
TP3= @ 1.1960
TP4= @ 1.1900
TP5= @ 1.1800
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 ❤️
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.196). 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.
. The RSI is at 70.
Take Profits:
TP1= @ 1.2035
TP2= @ 1.2115
TP3= @ 1.2215
TP4= @ 1.2335
TP5= @ 1.2470
SL= Break below S2
❤️ 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! ❤️
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Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
Bear Flag - SellProbable.
Price is likely to be forming a bear flag pattern and continue to drop.
Possible.
Price could form a falling wedge pattern followed by a bull flag and then continue to go long.
Either way, will take message from the market and enter positions accordingly.
Buy Opportunity Market is at its support line on weakly time frame . Suggesting that Uptrend can be seen in some time . So taking a Buy trade if market broke the Resistance Line will give some advantage and also help to get some good trade, Trading on retest after breaked will be the great .
Bear Flag - SellPrice is forming a bear flag pattern, hence looking to enter short
Thank you to all those who have sent me private message and been following me.
Hope you have understood how simple it is to trade forex with out any support/resistance lines or lagging indicators.
And started to earn good profits as I have told you on what to do.
Please Note:
Just knowing the direction of the next move will not help being profitable.
There is a lot more to it with regards to the entry technique and successfully managing the trade after entering the trade.
Comment below / DM me in case if you need to know how to do it if interested.
Bear Flag - SellPrice is expected to form a bear flag pattern and drop.
Please Note:
Just knowing the direction of the next move will not help being profitable in the long run.
There is a lot more to it with regards to the entry technique and trade management after entering the trade.
If you look at my previous trades, 90% are impulsive moves covering about average of 80-100 pips.
So you need to make sure you enter the trade at the right time and manage the trade to get to squeeze maximum amount of pips from it.
Comment below in case if you need to know how to do it if interested.
