GBPCHF - FOREX - 03. DECE. 2019Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Bearish drop and price movement towards previous support.
4 HOUR
Prices at support zone and price average trend.
DAILY
Overall bullish market with a strong pullback.
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FOREX SETUP
BUY GBPCHF
1ST ENTRY @ 1.28340
2ND ENTRY @ 1.28050 (wait for trigger)
SL @ 1.27540
TP @ 1.29210
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBP-CHF
Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2670). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCHF is in a uptrend and the continuation of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 1.2900
TP2= @ 1.3160
TP3= @ 1.3400
SL= Break below S2
Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2670). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCHF is in a uptrend and the continuation of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 55.
Take Profits:
TP1= @ 1.2900
TP2= @ 1.3160
TP3= @ 1.3400
SL= Break below S2
GBPCHF SS Long + 132 Pip PotentialPrice is above the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.2379
Stop =1.2359
Risk = 20 pips
Profit target = 1.2511 ( The projected daily high )
Reward = 132 Pips
RRR = 6.6-1
2nd Entry = 1.2434
Stop = 1.2409
Risk = 25 pips
Profit target = 1.2511 ( The projected daily high )
Reward = 77 Pips
RRR = 3.1 - 1
I would appreciate if you leave a comment or like as a thank you
Have a great weekend !
Allen
** I apologize if I am a little slow responding to comments as I am conducting a training room for the next several weeks.
GBPCHF Possible Down MoveAs per the Chart.
Abbreviations;
ND=No demand
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
SB= Supply Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov
Money and risk Management - Dmitriy Lavrov-
GBPCHF: For Those Who Missed Short
hey traders,
though, I have shorted GBPCHF from a higher level,
now I see that there is still a potential to go even lower.
So those, who missed short, be focused on the underlined minor structure support
and sell bearish breakout of it!
Target levels will be 1.20 and 1.18
Stop will be 1.234
Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.2233). 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 53.
Take Profits:
TP1= @ 1.2290
TP2= @ 1.2345
TP3= @ 1.2470
SL= Break below S2