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today my technical analysis on market trend with this pair.
Gbp/chf
Parabolic sar on : BUY
StedDev CHANNEL : BUY
Fibonacci retracement : BUY
market trend on :BUY
moving average with buy :65%
moving average with SELL:35%
SO if we trade buy side then we get shurely take profit to earn.
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Technical indicators having very much importance in forex trading because indicators
the best source to judge the forex market. Some indicators are very simple and some of them are a little
bit difficult. Always try to use the right indicators for the right purpose. A strategy is a combination of
indicator and trading plan so no doubt set of indicators are best for trading.
Good Luck Traders.
Thanks
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in time frame h4 analysis with stoch and cci- we can see that price is oversold are and cci is moving to up side. but now long position is not good because it is in down trend and pivot point may be act as resistance at 1.4567 so we must wait to break the lower trend line. look in the long position at 1.4640
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Technical indicators having very much importance in forex trading because indicators
the best source to judge the forex market. Some indicators are very simple and some of them are a little
bit difficult. Always try to use the right indicators for the right purpose. A strategy is a combination of
indicator and trading plan so no doubt set of indicators are best for trading.
Good Luck Traders.
Thanks
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if we looks closely this pair had form a 5 wave swing for the 6 april this year and from my mtp is have reach the min wave 5 level......if the pullback change major trend then we can see this price will reach the opposite projection area at 14000 for the 1st swing up
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GBP.CHF
The price of this pair is continuesly in the down trend direction.
If it will break the last support today at the point of 1.1867 and making a pull back then the conditions on there it will be gone these values are happining,
The RSI is still at the (14)43.21 level but if this is break the 1.2085 level it will falling to the 1.2045 and more down today.
StDev(12)8.196
Parabolic Sar is also in the down trend signal.
My advice for traders fallow the main indicators of RSI stdDev channel and fibonacci retracement which can be telling the pairs movements.
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in time frame h4 analysis with stoch and cci- we can see that price is oversold are and cci is moving to up side. but now long position is not good because it is in down trend and pivot point may be act as resistance at 1.4567 so we must wait to break the lower trend line. look in the long position at 1.4640
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my calculation is thats,
gbp/chf
my openions of this pair is:SELL
In my observation the profitable next selling point will be 1.2045
and by my mind the profitable next buy point will be 1.1834.
You will earn more money if you will follow my views,
because i have posted this after checking the previous routine clearly.
note;simply moving on parabolic levels.
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gbp chf ne uptrend ke signal diye hai
1.3640 ke pas iska 1 support tha jisse ye nahi tod paya..
ab mere khayal se isse 1.3780 tak jane ke ache chances h..iski buying ki ja sakti hai monday ko
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Gbp/Chf
Today Market analysis and trend:sell
Indicators bhi market ke down hony ka bata rahe hain
Resistance and Support points bhi hamain market ke down hony ka ishara de rahe hain isliye hamain sell main trade lagani chahiye