Candles indicating a reversal. Doji followed by a strong bearish hammer
MACD line has crossed the signal line
GBP has been trading at the top of resistance
Hey tradomaniacs,
welcome to a new free trading-setup.
GBP/CHF: Daytrade-Preparation
Market-Buy-Order: 1,20215
Stop-Loss: 1,19730
Target 1: 1,20700
Target 2: 1,20950
Target 3: 1,21195
Stop-Loss: 48 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,05
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Peace and good trades
Irasor
Wanna see...
Ideas for next week.... GBPCHF is one of them!
- At a major area of resistance, on the daily, AND 4h chart!
- Respecting the TL for the 2nd time (most reliable touch)
- Price travelling below EMA
- Price Action Rejecting Resistance Area
Don't forget to check out my profile and click 'PLAY' on my recent trades to see how they went!
Have a good weekend everyone.
price successful to breakout the bearish trendline structure and made a little upside movement after rejected from the support level. we have room to go up for +200 pips if the buyer manages to push the price to the 1.2200 resistance level after the accumulation phase ends.
**Disclaimer** the content on this analysis is subject to change at any time without...
Bearish Gartley + Double TOP
RSI must be below 70
price need to follow Green Trend line & hit target
If price Breaks Red Trend line is where EXIT before SL hits
POTENTIAL SELL
GBPCHF H4 - No real market movement from when we posted earlier, few wicks upside and downside but generally still hugging that 2.00 handle, waiting to see if we reject and selloff back to support or break and retest. Not sure how much the GBP has left in the tank, CHF didn't move too much after todays antics either.
Today's analysis will be on GBPCHF. As with many parities since June, the target that the price will go in a short time within the horizontal trend in this parity is "1.2400".
