Gbpchflong
BULLISH FLAGFinally the INVERSE AND SHOULDERS is broken and we have a another chart pattern formed on the NECKLINE in expectation of the retest giving us a FLAG pattern which signifies the bulls are currently in the market
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GBPCHF signal (LONG)Hello friends.
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Everything on the chart.
open pos: market
targets: 1.187 - 1.190 - 1.194
after first target reached move ur stop to breakeven
stop: under last local low or better 1.170 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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GBPCHF, 4hr tf, inverted shoulders head pattern in playBased on the 4hr tf we could see clearly an inverted head and shoulders are forming. This also go along with GBPUSD pattern.
We could see price continue to go up as GBP currently gaining strength.
Buy gbpchf 1.1800-1.1815
Stop loss 1.1730
Take profit 1 @1.1875
Take profit 2 @1.1950
good luck
GBPCHF SWING LONG* Price has tested and rejected a Daily Demand Zone amd starting to bounce off it.
* We can also see a Candlestick Pattern formation (The Invverse Head & Shoulder) Which gives us extra Confluence
* I expect price to rally to test the Supply Zone or tap the broken Trendline
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GBPCHF long trade ideaPlan: wait for the price retracement --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
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GBPCHF and Buy Area (8/7/2020)Buy limit
1.18020
SL at 1.17875
TP1 at 1.18165
TP2 at 1.18285
TP3 at 1.18430
Note!
Cancel/pending plan few minutes before news! (Medium/high impact news)
Disclaimer
The content on this analysis is subject to change at any time without notice, and is not provided for assisting traders to make decision.
GBP/CHF Weekly Forecast (8th July - 10th July))Possible swing trade on the GBP/CHF. Head and shoulders formation has emerged, in case of neckline break I expect a larger movement in the long direction.The next key level is far enough , with a great yield risk ratio. Good opportunity for a trade with a great risk-reward ratio, because the next key level is far enough.