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
Thread: Gbp/Chf
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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Current price @ 1.3298.
Clear trend that formed a bearish trend. but what I felt, I was afraid to open a direct position for fear the trend is over. then I put SELL LIMIT @1.3427 ( SMA High H4 )
And @ 1.3605 (EMA 62 H4 and strong SnR).
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The bullish movement on this instrument is still intact, though it�s getting tricky to find a suitable entry price. One way of handling this is to use both Buy Stop and Sell Stop orders in an equilibrium zone, so that I can catch the next price breakout. With this, I try to keep it simple and just wait for setups to unfold.
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GBPCHF has touched and has been rejected by the resistance level at 1.4855. But I think the rejection is not too strong and the bullish trend still strong enough. So, I think the bigger possibility which can happen on GBPCHF, this pair will break 1.4855 resistance level and continue going up to the next resistance level at around 1.4910.
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GBPCHF technical analysis , I predict this pair have BEARISH TREND. the price is break the Support trend line and it is Falling Down with having the Short signal from the parabolic SAR. the market trend could remain in this position and I expected support resistance levels
Resistance1 # ----- # 1.2944
Resistance2 # ----- # 1.2966
Resistance3 # ----- # 1.2939
Support 1 # ----- # 1.2899
Support 2 # ----- # 1.2880
Support 3 # ----- # 1.2937
I suggest to take SHORT position at --- 1.2922
target take profit at --- 1.2874
target stop loss at --- 1.2960
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GBPCHF Analysis
RESISTANCE LEVEL AND SUPPORT LEVEL
R3 1.2916
R2 1.2906
R1 1.2893
PP 1.2883
S1 1.2870
S2 1.2860
S3 1.2847
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Gbp/Chf
pivot point is:1.2971
Parabolic is:sell
Moving average is:sell
So Resistance and Supporting Level is
Resistance Level is:
1,Resistance is:1.2937
2,Resistance is:1.2942
3,Resistance is:1.2960
Supporting Level is:
1,Supporting is:1.2911
2,Supporting is:1.2900
3,Supporting is:1.2888
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Gbp/Chf
pivot point is:1.2971
Parabolic is:sell
Moving average is:sell
So Resistance and Supporting Level is
Resistance Level is:
1,Resistance is:1.2937
2,Resistance is:1.2942
3,Resistance is:1.2960
Supporting Level is:
1,Supporting is:1.2911
2,Supporting is:1.2900
3,Supporting is:1.2888
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GbpChf technical analysis by using : Auto pivot indicator.
Parabolic SAR indicator there a dot below the candles that indicates a downward direction in addition to that we can see a SELL signal on the MACD indicator that is moving below the level 0 beside that the CCI line is located at the lower level to perform a upward signal on the chart of the this pair there is a main down trend signal as the 2 EMA 5 and 6 are moving above the slow EMA of 35 and if other indicators confirm a bearish direction then I will go for “SELL” positions.
resistance level 1 : 1.3022
resistance level 2 : 1.2985
resistance level 3 : 1.2951
pivot point : 1.2914
support level 1 : 1.2880
support level 2 : 1.2843
support level 3 : 1.2809
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the up movement of the price has been break the support at 1.4995 level but making strong bull candle. this bull movement is break the higher resistance at 1.5085 level. now the price is above daily resistance level three and showing overbought so correction can expected. hold the long entry with stop loss at 1.5022
Pivot Point 1.2927
1. Resistance Level:1.2947
2. Resistance Level:1.2972
3. Resistance Level: 1.2990
Supporting price is :
1. Supporting Level: 1.2889
2. Supporting Level: 1.2877
3. Supporting Level: 1.2867
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