GBPCHF ANALYSISPRICE JUST BOUNCED OFF A VERY RESPECTED AND STRONG SUPPORT ZONE AND IS PROCEEDING UPWARDS. LOOKS LIKE A 300 PIPS MOVE. WILL TAKE 1 OR 2 DAYS TO REACH TP.
Gbpchfsetup
GBPCHF: forecast 20-24 July 2020Hi,
this is GBPCHF as you can see i have made my analyses on this pair, i am expecting it to go in correction phase after that continuation phase.
let me show you the before and after screenshots of this pair:
Before
GBPCHF H1 :
GBPCHF 15M:
This is is the bigger picture of the pair:
Please remember this is my opinion
Kind Regards
Abdirizak
FOLLOW ME: GBP/CHF SHORT OpportunityGBP/CHF is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry.
Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing!
COLOR KEY (which time frame each markup is based on):
RED - Monthly
ORANGE - Weeky
GREEN - Daily
AQUA BLUE - 4H
PINK - 1HLIGHT BLUE - 15M
PURPLE - 5M
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GBPCHF LONGLower time frames directional biases is strong buy. Higher time frames show sell. I believe we are headed up to the 61.8% weekly retracement level to the weekly downward trendline. Highest level for 2019 1.34220. Pullback to 38.2 1.31098. Downward trend line broken by price. Looking for pull back for buy entries at 1.27200 & 1.28024.