1.3615 is strong support if price fail to break it price will rise to 1.3820 and then 1.39 but if price break the low we will see further landing on this pair
1.3615 is strong support if price fail to break it price will rise to 1.3820 and then 1.39 but if price break the low we will see further landing on this pair
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Shan55 (2020-02-26)
although the prices down for a moment, but in outline the price is still rising.
I follow the trend in tf d1. and candle formed is not showing down trend.
I hold the position until the next Monday.
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Shan55 (2020-02-26)
Fundamental or Technical
Another important decision which ideally should be made prior to the start of your trading is whether your approach will focus primarily on trading signals from technical indicators or from trading ideas based upon fundamentals.
I distinguish here between ideas and signals because they are two distinctly different types of approaches generated by two distinctly different understandings of the futures markets.
Later on I will provide a very thorough discussion of the two approaches, outlining their strengths, assets, liabilities, differences and methods of implementation. For now, suffice it to say that a
decision will need to be made, preferably sooner than later, about the approach you wish to employ in your trading.
Some individuals may seek to implement a hybrid approach, incorporating what they feel are the best aspects of each technique. I also will discuss the merits of this approach, or the lack thereof.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Shan55 (2020-02-26)
Pivot, Resistance Levels and Support Levels for GBP / CHF
For Stop Loss and Trading Targets
Calculation For Trading:
Resistance Level (R3): 1.277
Resistance Level (R2): 1.274
Resistance Level (R1): 1.272
Pivot Point: 1.269
Support Level (S1): 1.266
Support Level (S2): 1.263
Support Level (S3): 1.260
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Shan55 (2020-02-26)
Friends, making trendlines in a very good way and analyzing well in forex trading is a good practice for GBPCHF in my view and now its trend is mostly downward as it has trended a few days ago. And if this trendline comes down then it will touch its support level and can go to the next retention level when the GBPCHF is touched to the retention level, then it can be guessed that this trend will go up.
Muhammad kashif (2020-02-26), Shan55 (2020-02-26)
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 .
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Muhammad kashif (2020-02-26), Saahu (2020-02-26), Shan55 (2020-02-26)
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.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Muhammad kashif (2020-02-26), Saahu (2020-02-26), Shan55 (2020-02-26)
GBP/CHF
The GBP/CHF exchange rate has been trading upwards within the ascending channel since the end of January. Currently, the rate is testing the lower channel line at 1.2610.
From a theoretical perspective, it is likely that a reversal north could occur in the nearest future, and the currency pair could target the upper channel line in the 1.2860 area. If the given channel holds, it is likely that the pair could trade within it in the medium term.
However, note that the exchange rate is pressured by the 200-hour SMA near 1.2720. Thus, some downside potential could prevail in the market, and the rate could re-test the support level—the Fibo 38.20% at 1.2525.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Muhammad kashif (2020-02-26), Saahu (2020-02-26), Shan55 (2020-02-26)
GBP/CHF Exchange Rate - FXStreet
GBP/CHF Exchange rate. GBP/CHF is the abbreviation for the British Pound and Swiss Franc pair. It shows how much the GBP (base currency) is worth as measured against the CHF (counter currency). For example, GBP/CHF = 1.2362 indicates that one British Pound can buy 1.2362 Swiss Francs.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Shahzadahmed148 (2020-02-26)
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
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Babarali123 (2020-02-26), Shahzadahmed148 (2020-02-26), Zaib55 (2020-02-26)
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