Gbpchfshort
GBPCHF: SHORTIDENTIFY: Price is in the sellers territory and maintaining the downward trend
PLAN: So looking at going short, because of the daily bias. Another thing I am looking out for is the break of the support and probable retest.
TRADE: Place Sell Stop/Sell Limit order, anticipating a continuation to the downside after the pull back.
NB: Use risk management to determine the Stop Loss and Take Profit
GBPCHF - INTRADAY - 31. MAR. 2020Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Bearish market open and pressure.
4 HOUR
Prices broke 1.19000 and instantly started to pullback.
OVERALL
Break and close of psychological turning area done, freefall with pretty high chances now!
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FOREX INTRADAY
SELL GBPCHF
ENTRY LEVEL @ 1.18700
SL @ 1.19230
TP @ 1.17940
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPCHF short trade ideaPlan : wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
please do your research independently and use my analysis as a reference, do not blindly follow and use improper risk management!
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
GBPCHF Consolidating Range for tradingGBPCHF is consolidating for sometime we might see more consolidation in GBPCHF if anyone want to trade one can trade at support zone and resistance with stoploss . after break consolidation range on either side one can trade on breakout side for longer term perspective.
GBPCHF to reverse from downside confirmation, potential drop!
GBPCHF to reverse from its downside confirmation at 1.20696 where it could potentially drop further to 1.16860.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.