Gbpchfanalysis
My wife says im a PIG...She needs to stop looking in the mirror ;p
Take note of this key resistance turned support zone that price is currently at as I wont spoon feed you forever! So we are expecting bullish movement from this area.
This is a good area and is obviously where big banks have set orders previously, so start thinking like a big investor and start making money instead of working a dead end job to earn money just to waste it in forex because you think you are better than the markets and are looking to get rich quickly.
Our own personal strategy allows us to catch a few pips on the bounce of these zones and also catch the big move if it happens, if you would like to learn more about our strategy then give us a message.
My wife says im a PIG...She needs to stop looking in the mirror ;p
Take note of this key resistance turned support zone that price is currently at as I wont spoon feed you forever! So we are expecting bullish movement from this area.
This is a good area and is obviously where big banks have set orders previously, so start thinking like a big investor and start making money instead of working a dead end job to earn money just to waste it in forex because you think you are better than the markets and are looking to get rich quickly.
Our own personal strategy allows us to catch a few pips on the bounce of these zones and also catch the big move if it happens, if you would like to learn more about our strategy then give us a message.
#GBPCHF Analysis+SignalThere is no need to extend words, You can see that the last time the gbpchf met the moving average 200 automatically he fell, We do not see why this will not happen now, Here too there will be a technical correction but not as sure as the previous time.
Sell GBPCHF
Entry Price: 1.3220
Stop Loss: 1.3370
Take Profit: 1.3080
GBPCHF - 150 PIPS + OPPORTUNITYDo not open any trades yet, wait for second high test. I personally have already opened a trade when it did it's high test before the last candle drop. Will keep it open or close it as the market gives more data as to which direction it wants to take.
GBPCHF has broken under the 4H 50 EMA and is failing to recover back on top. Following the drop, prices did a high test (weren't able to push for a move higher up). Thus, confirming it can't move back up.
We can expect a drop of 150 pips + after another high test happens shortly (Green candle with tick only on top of body and preferably no tick under the body) on the 4H chart.
Trade safe.
GBPCHF Short OpportunityGBPCHF 4H & 1H time frame has a good amount of confluences between indicators and price, showing bearish divergence. We are at a pretty nice area of interest where previous price action has bounced off this resistance level of 1.31000 - 1.31700. 1.31000 - 1.31500 price level is an ideal area to short this pair to previous resistance turned support, which is around 1.28250. Be on the look out for a rejection or a reversal candle preferably on the 4H chart around these area for one last confirmation to enter this trade as I believe we may still be on the 5th wave of the Elliot wave theory.
Confluences: MACD, RSI & Stochastic are all showing bearish divergence on 1H & 4h TF with Daily TF currently overbought on Stoch & RSI and possible double top or double top incoming.