CHART TIMEFRAME: 4 HOURS
PATTERN: BEARISH SHARK
PREDICTED PRICE ACTION: GBPCHF will complete Bearish Shark Pattern at D Leg 1.34230. Possible retracement to Fibonacci 38.2 and 61.80.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
PATTERN: BEARISH SHARK
PREDICTED PRICE ACTION: GBPCHF will complete Bearish Shark Pattern at D Leg 1.34230. Possible retracement to Fibonacci 38.2 and 61.80.
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
Note
Key Levels:Trade generated 100 pips and pulled back. We closed 50% of the positions and moved our Stop Loss to entry level.
The main trend is strongly bullish.
1.33200 – 1.33000 ( Fibonacci Retracement 23.6 and MM 2/8 Pivot of H4 Chart) is the main support of the H4 Chart timeframe. We have EMA 50 located at the same level.
Break below 1.33000 may take the price 1.32230 – Fibonacci 38.2 and EMA 100 of H4 Chart-
Levels to Watch:
On the upside: 1.34280 – 1.34480 – 1.45490
On the downside: 1.33660 – 1.33060 – 1.32750 – 1.32440
For more details please visit our website.
Discord Channel : discord.gg/Ku9kzfq
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Discord Channel : discord.gg/Ku9kzfq
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Cycle Sniper Indicator: mql5.com/en/market/product/51950
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.