GBPCHF approaching support, potential for a bounce!
GBPCHF is expected to drop to 1st support at 1.29025 where it could potentially react off and up to 1st resistance at 1.29981.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Gbpchfbuy
GBPCHF - FOREX - 03. DECE. 2019Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Bearish drop and price movement towards previous support.
4 HOUR
Prices at support zone and price average trend.
DAILY
Overall bullish market with a strong pullback.
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FOREX SETUP
BUY GBPCHF
1ST ENTRY @ 1.28340
2ND ENTRY @ 1.28050 (wait for trigger)
SL @ 1.27540
TP @ 1.29210
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPCHF - Buy Nowprice is retracing from the tested support at 1.21286 and towards to 0.618 fibo level. Bottom bollinger band also moving away from the candles shows us a bullish movement.
Note: Trade at your own risk and fundamentals are not involved in this.
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GBPCHF approaching resistance, look out for potential reversal!
GBPCHF is approaching its resistance at 1.20363 where it is could reverse down to its support at 1.20148.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Pound Power? - GBP/CHF Ichimoku Long trade This pair got a nice rise at the end of last week, breaking through the kumo before eventually falling back down. We are now approaching tenkan sen in the kumo and I am watching to see if it will act as support for another kumo breakout. If we can get that breakout I've set my entry level at previous price structure resistance I want to see broken to help confirm my long bias. If we can break it, we should be able to climb higher and I've drawn out several partial take profit levels on the way to my overall swing target. If support doesn't hold or we can't break through the previous price resistance, this setup may become invalidated.