GBPCHF 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.
Trading 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...
Trading 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...
as 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
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?
Trading suggestion: ". There is still a possibility of temporary retracement to suggested resistance line (1.21360). 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...
📚 LEARN MORE 💰 EARN MORE With ForecastCity What is a Range-Bound Market? A range-bound market is one in which price bounces between a specific high price and a low price. The high price acts as a major resistance level in which price can’t seem to breakthrough. Likewise, the low price acts as a major support level in which price can’t seem to...