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Gbpchflong

GBPCHF ANALYSISGBPCHF is once again testing the resitance of 1.2800, this uptrend has been going for quie a while and its approaching the resistance. If we do close below we can look for opportunities of breaking this uptrend and starting a move to the downside and testing the support at 1.2600, If however we close above the resistance we can look for opportunities of testing the resistance at 1.295. As always be reactive of the market and enter as the market decides where he wants to take the pair.
by DiogoS55
retracement neededPound had gone through hell today and now on the way back for a revisit before heading back, DXY has started its correction giving way for its counter pairs a breath (hopefully). The D chart RSI is near the edge of oversold, lower TF are all oversold, so there's a high chance that it has bottomed for now at 1.25334. TP: Fib based, not to be greedy as Pound seems very weak SL: below the lower edge of downtrend channel formed since 8th, July. Trailing from 1.258 is recommended.
Long
by mleader1
Wyckoff Accumulation + Bullish BatFX:GBPCHF Has for the past couple months been forming a clear Wyckoff accumulation schematic. Its been manipulating the lows and we got the last low which was the spring, or shakeout. There is also a bullish bat which matches perfectly with the institutional candle that formed on the chart which is where your entry would be if you decide to take this long position. Your target would be the previous resistance at the high. Follow for more free trade setups! Good luck traders! NOT FINANCIAL ADVICE!
Long
by SpaceBlobb
GBPCHF - BULLISH BIASGBP - Bullish 1️⃣ In June, the UK inflation rate rose to 2.5% from 2.1% in the previous month, and exceeded market expectations of 2.2%. 2️⃣ UK Prime Minister Boris Johnson announced plans to end the COVID-19 restrictions in the UK effective 19 July. 3️⃣UK employment data for May is expected to be positive on the back of strong employment growth in the manufacturing and services sectors. CHF - Bearish The sharp decline in the EUR affected the CHF. ===== TECHNICAL ===== - Intraday setup on H1 chart. - We're buying this pair on breakout resistance area. - Confirmation with bullish heikin ashi. - Above SMA50. TRADE AT YOUR OWN RISK!!
Long
by MonsunAsia