Day = 2019.03.22
Pair = GBPCHF
Time Frame = Hourly
Results of analysis of the daily pivot point calculations :
resistent level 1 - 1.3168
resistent level 2 - 1.3131
resistent level 3 - 1.3097
pivot point - 1.3057
support level 1 - 1.3022
support level 2 - 1.2985
support level 3 - 1.2951
I see this pair still in strong bearish movement . If this pair can break the 1.3012 support level, I predict this pair will go down to the next support at 1.2962 But if this pair go up and break 1.3063 resistent level, I predict this pair will make some correction to the next resistent level at around 1.3113
Sell signal is indicated from the Simple Moving Average and Bollinger Bands indicator . I suggest to entry Sell with stoploss at 1.3047 and take profit at 1.2962
my advice .. don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.
This calculation is not a reference to create the opening position but merely an approximate calculation of the price movement. I am not responsible for any errors that occur because the only information from the previous calculation


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