GBPCHF 5/4/2023
GBPCHF is currently within a falling wedge pattern, with the price near the resistance of this pattern. It's likely that the price will pullback, then bearish to the support level of the pattern. Traders should set a stop loss if the closing price is above 1.1408. If this stop loss is triggered, long positions can be taken with bullish targets up to 1.1055.
It's important to note that this analysis is for informational purposes only and not trading advice. Trading always involves risk, and there is no guarantee of success. Traders should carefully consider their risk tolerance and trading goals before making any decisions in the forex market.
It's important to note that this analysis is for informational purposes only and not trading advice. Trading always involves risk, and there is no guarantee of success. Traders should carefully consider their risk tolerance and trading goals before making any decisions in the forex market.
Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - feel free to DM.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Trendline, Bollinger Bands, and Chart Pattern Analysis. Mid-Long Term Strategy. No courses or premium signals provided. Open for collabs or free analysis requests - feel free to DM.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.