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Gbpchfsell

GBPCHF - FOREX - 07. JAN. 2020Welcome to our weekly trade setup ( GBPCHF )! - 1 HOUR Bullish pullback towards previous H4 Highs 4 HOUR At 71.8% Fibo level, strong resistance and sellers pressure area. DAILY Overall bearish market in a small bullish pullback, good short entries. - FOREX SETUP SELL GBPCHF 1ST ENTRY @ 1.27890 2ND ENTRY @ 1.28180 (wait for trigger) SL @ 1.28710 TP @ 1.27030 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
Short
by DACapitalTrading
16
GBPCHF is set for a drop.Hi traders, I hope you're well. As you must have witnessed recent rally on all GBP related pairs purely due to election sentiments. As things stands we can see the Tories are set for a majority but it is not easy as it seems and neither a plain sailing. We should see labour closing gaps and few other hiccups in coming days prior election and probably a hung parliament. Tories majority is almost priced in and hence any negative sentiment will cause significant drops in price. UK politics is well known for it's drama and chaos thanks to lates brexit limbo. I'm anticipating more drama's in coming days and the market bias should change accordingly. (In Theory) But I will surely not place trade based on theory and assumptions. So, here we have a nice reversing candle printed on the 4h candle also on the D chart which engulfs the previous and we are also in a major level where historically price reacts. All these suggest a reversal from this point and if you put those theories alongside the technical indicators it adds up perfectly for this trade. I have gone short on this for now and marked tp and sl for you as well. Let me know your thoughts. Trade safe and good luck.
Short
by BannaKhan
2