prices close below the line sma5. and the spike has appeared. Marbel but has not yet appeared.
seems safe enough to take a sell position. and it seems I was wrong to take buy position. I'm sorry.
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prices close below the line sma5. and the spike has appeared. Marbel but has not yet appeared.
seems safe enough to take a sell position. and it seems I was wrong to take buy position. I'm sorry.
Technical analysis today:
Market movement looking at average position,there is flexibility in trading and not to make early strategies no one sure about market trend sometimes it is going up and sometime down.
I suggest you to beware of risky trading.Trade when you sure about market trend,otherwise you may face loss you capital.
We need to wait..it is my experience that market will be on one position when time is up.
After 2pm market will be in good position maybe.
Thank you..
If you like this post please click thanks.
Best of luck for your trade.
Range trading strategy, which is also called channel trading, is generally associated with the lack of market direction and it is used during the absence of a trend. Range trading identifies currency price movement in channels and the first task of this strategy is to find the range. This process can be carried out by connecting a series of highs and lows with a horizontal trendline. In other words, the trader should find the major support and resistance levels with the area in between known as “trading range”.
Range trading actually works in a market with just enough volatility due to which the price goes on wiggling in the channel without breaking out of the range. In the case the level of support and resistance breaks you should exit range-based positions. The most efficient way of managing this type of risk is the use of stop and limit orders as most traders do. They place stop limit orders when the currency price keeps dropping below
GBPCHF Trend is sell
1 Resistance is: 1.2772
2 Resistance is: 1.2526
3 Resistance is: 1.2389
1 Supporting is: 1.2273
2 Supporting is: 1.2155
3 Supporting is: 1.2037
the price break the support after the continuation sell off on the gbpcross but it seems the movement is out off steam.....is this pair find the bottom like gbpusd or it want to go deeper.....let wait and see
Dear i.forex members
GBP.CHF
On this Day i will predicted this pair have being bearish down direction.
the price is break Resistance and Trend Line and it is moving down side with having the long signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels.
A dot below the candles that indicates a downtrend direction
in addition to that we can see a SELL signal on the MACD indicator.
I suggest to take short terms position on SELL today.
Having broke the uptrend trendline now, we cannot say that eurusd will now continue the long-term downtrend. We still have several bottom/supports below to contend with, 1.1717 and 1.1553, which should hold eurusd from going down.
Today i am going to discuss this pair in my own justification and analysis. I think this pair i the most. Faverable pair in the forex market .
Thats reason why i using this pair for my profitable trade
Technical analysis on basis of these indicators
Parabolic sar
Fivo piv
Moving everages
And also RSI
So best of luck for the comferm trade .
gBP/CHF>>
pivot point :1.3240
first resistance is on point : 1.32342
second resistance is on point :1.3345
third resistance is on point : 1.3259
In my observation the profitable next selling point will be 1.3298
and by my mind the profitable next buy point will be 1.3167
I think thats the successful key points for selling and buying for this pairs.>>>
You will earn more money if you will follow my views,
because i have posted this after checking the previous routine of daily time frame of H1,H4 clearly.
note;simply moving on parabolic levels entry.>
Today position :buy
Ye kaafi weak chal raha hai aur esliye esme usd strong hone ki wajah se ye pair up ho raha hai,esme ka level agar break hota hai to esme fir buy nahi karna chahiye,.aur sabse strong support esme long term trading ke liye hai tabb takk esme trader buy the dip karke market me sahi entry lekar apne trade ko open aur close kar sakta hai.
Aj k liye buy Karna zaida better rahay ga