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Gbpchfanalysis

Pending short GBPCHF 21 Jan, 2021This pair has found it difficult to overcome the resistance zone located between 1.2220 and 1.2140 since March 2020 and it is stalling here again. Since that time, we have a range and I expect price to start moving down again soon, even though GBP is strong ATM. I used the H8 chart (not shown) to locate my entry at 1.21400, if indeed price moves down. I am using the round number 1.200 as my initial target. That level has been active in the recent past too. With a 2.3R this target meets the criteria for a viable trade, while a move down to the 1.750 region is not impossible either. If you like my analysis please give it a “thumbs up” and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.
Short
by Trading_Vista
GBPCHFANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGMENT ➖TRADE NUMBER : 3 * ORDER FLOW: bullish * DAY OF THE WEEK:Friday * PROJECTED TP : 1.22314 * PROJECTED SL: 1.20387 whats up master traders! welcome to another trade idea with Genius Chart. If you like what you see and it helps you ,please support our work by writing a comment and SMASHING that like button! 👍🏾 its us against the markets❗️ Our mission is to provide the tools and knowledge to people across the world and help them tap into uncharted potentials and obtain unimaginable financial freedom. if you hang around this profile long enough you will start to visually learn valuable lessons that will help you put your puzzle together as we are all on our own journey. Why should you follow our profile on Trading View❓ ➖you will get ➖ 🥇Clean charts 🥈Consistent chart updates with our highest probability set ups 🥉 Analysis on a wide range of major markets ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- ♟Legal Risk Disclosure Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
Long
by genius-chart
3
GBPCHF short trade ideaPlan: wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **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 as I do, please write it in the comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX