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GBPCHF

📚 Learn More 💰 Earn More with us: Range-Bound Market📚 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 break as well. The market movement could be classified as horizontal, ranging , or sideways. A range-bound market is the opposite of a trending market. In a range-bound market, there is no clear direction. How to trade Range-Bound Market? 1- Trading Major Support and Resistance: Traders capitalize on range-bound trading by repeatedly buying at the major support level and selling at the major resistance level until the security breaks out from a price channel. The idea is that the price is more likely to rebound from these levels than break through them, which puts the risk-to-reward ratio in their favor, although it's important to always watch for a potential breakout . Technical indicators, such as the relative strength index (RSI), can be used to confirm overbought and oversold conditions when price oscillates within a trading range. For example , a trader could enter a long position when the price is trading at major support and the RSI gives an oversold reading below 30. Alternatively, the trader may decide to open a short position when the RSI moves into overbought territory above 70. Most traders place stop-loss points just below the major support level and above the major resistance level to mitigate the risk of heavy losses from a high volume breakout. 2- Trading Breakouts: Traders can enter in the direction of a breakout from a trading range. To confirm the move is valid, traders should use other indicators, such as volume and price action . For instance, there should be a significant increase in volume on the initial breakout , as well as several closes outside the trading range. Instead of chasing the price, traders may want to wait for a retracement before entering a trade. For example , a buy limit order could be placed just above the top of the trading range, which now acts as a support level. A stop-loss order could sit at the opposite side of the trading range to protect against a failed breakout. ❤️ 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Education
by ForecastCity_World
10
GBPCHF – Sellers on the decisional edge Welcome to our Academy. We’re here to help you achieve what you have been looking for. Use our free analysis where you have everything you need for potencial trade ideas and profit. GBPCHF – Sellers on the decisional edge Trend : Sell/ Neutral Support/Resistance: R3: 1.30175 R2: 1.28902 R1: 1.28029 S1: 1.26765 S2: 1.25092 S3: 1.24123 S4: 1.22013 Price action: Overall flow is neutral, because the market still didn't decide which side is dominant. At the moment sellers are more powerfull then buyers, but we can't said yet this is sellers trade till the price break S1 level. If sellers will break S1 level, then price will follow potencial bear targets. If sellers will make fakeout then we have to wait for market decisions and finding new our potencail Elite spot. Thoughts on this trade spot: At the moment GBPCHF currency pair is bearish. The problem we see is at current point because sellers didn't take advantage for selling lower, but they stopped. First we have to wait for buyers pull back that is dependent on next supportical resistance levels. Continuation from previous week* Potencial trade idea: Bulls targets: T1: 1.28902 T2: 1.30175 Bears targets: T1: 1.25092 T2: 1.24123 NOTE – We are trading GBPCHF via the preferred trading setups by EliteFxAcademy Disclaimer: Martin’s views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don’t publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course. Keywords: Elite strategy, Custom Indicator, Fundamental Analysis , Tehnical analysis, Price action, Advanced strategies, Trading Education Good trading! Elitefxacademy
Education
by EliteFxAcademy
GBPCHF Documented MA Trade + 77 Pip Potential (hit 60 Pip Profittoday we started with a slightly mixed market (only 2 bullish pairs) but a preference to sell because of the gap down at the Sunday open. After the GBP pairs pushed down (and we got a great breakout trade), we set-up an MA trade on this pair. This was the last to reach the MA. and clearly worked the best. Those who trade the Gold Method Ichimoku and have been in the training, know exactly what I am talking about. These trades have been like an ATM machine over the last month :) Just keep stacking those positive days :) Allen
Education
by AGold54
4
GBPCHF– Buyers might looking for higher price levels.GBPCHF– Buyers might looking for higher price levels. Trend: Strong Buy Support/Resistance: R4: 1.32568 R3: 1.31354 R2: 1.30288 R1: 1.28926 S1: 1.28275 S2: 1.27360 S3: 1.26577 Price action: Sellers are working on potencial sell because of weak eur currency on the other side. Sellers has to break S1 and then will be even more stronger then, they are now. Nzd currency is same showing good power from overall perspective, which made this currency pair more attractive to trade. Potencial trade idea: Bulls targets: T1: 1.30288 T2: 1.31354 T3: 1.32568 Bears targets: T1: 1.27360 NOTE – We are trading GBPCHF via the preferred trading setups ELITEFXACADEMY Disclamer1: We have to wait for a currency pair to trade after news are reliased. This might be a short correction, or price will give us moving dirrection after news are reliased. Disclaimer2: Martin's views on the Chart analysis is ment as a trading advice for education terms; Education terms include: trading consistency to everyone who is reading this blog; for every advance student and for every Elite student who is using this analysis for managing his equity by Elite strategy and custom indicator. This analysis is understandable and transparent for all Elite students. This is a free content which is based from Academy in term of transparency to support and following progress to everyone. We know that there is always possible way that market can pull you out even when you follow our analysis blog and advice for a trade. We don't publish where you have to have your risk management – Stop Loss, because, it would not be fair to Elite members, who learned this techniques in our Elite course.
Education
by EliteFxAcademy
GBPCHF – Buyers started following power of Gbp currency.GBPCHF – Buyers started following power of Gbp currency. Trend: Buy/ Neutral Support/Resistance: R2: 1.29594 R1: 1.28518 S1: 1.27640 S2: 1.27036 S3: 1.26425 Price action: Price is headed to test last Higher High by buyers momentum. If the price will break first resistance, it might go higher to achieve second target at 1.29594. If first test to last higher high is denied then sellers will test second support level at 1.27640. If sellers achieve second support and change it to resistance level, then price might change its way. at 1.67298. Potencial trade idea: Bulls targets: T1: 1.28518 T2: 1.29594 Bears targets: T1: 1.27036 T1: 1.26425 NOTE – We are trading GBPCHF via the preferred trading setups ELITEFXACADEMY
Education
by EliteFxAcademy
GBPCHF – Buyers might go forward to test high levelsGBPCHF – Buyers might go forward to test high levels Trend : Strong Buy Support/Resistance: R3: 1.31376 R3: 1.30305 R2: 1.28878 R1: 1.28184 S1: 1.27813 S1: 1.26778 Price action: In this range market flow is caught into range flow, which is undecisional spot. Once buyers and sellers show the right timing, we'll know who's gonna continue. I have positive look to buy Gbp if buyers are able to hold above first resistance and then they have to break second target to reached new high levels. Potencial trade idea: Bulls targets: T1: 1.28878 T2: 1.30305 T2: 1.31376 NOTE – We are trading GBPCHF via the preferred trading setups by EliteFxAcademy
Education
by MP4
DO NOT HOLD GBPAnother week is coming to an end and we have had some immense volatility across GBP pairs. We have some heavy GBP data this evening AFTER market close which has a high probability at showing if there is going to be a deal in regards to Brexit. With that being said, it is HIGHLY advised to close ALL GBP positions, as the future is unknown and come market open, we could potentially see a gap at 100 pips and beyond. If you are on the wrong side of the trade, it doesn't matter where your SL is placed, it will close the trade at market open, so for those that are new to trading, the consequences of not following this advice, could end up with you having a blow account! *Always take a look at an economic calendar like the ones provided by FXStreet and DailyFX. If there is big news coming out over the close of the market, it is always best to stay out of the trade!
Education
by wakethesheep
Importance of trading behaviorFor those who do not know, I've already published a similar trading education type regarding on not closing trades manually as seen on the links to related ideas. As a trader, one should know (and be aware) and practice a trading behavior as this may be one of the factors that may blowout your account. I have been trading over a year and I've been through a naughty trading behavior wherein I usually close trades manually because it is an inch close to the Stop Loss placement; after that, I'd be implying a trading revenge which usually points out to more loss. A trading mindset behavior should be present and well-established. This is one of the backbones of a perfect trading system.
Education
by bearvsbullmarket