Thread: Gbp/Chf
If a M15 close above 1.4200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4000 sell only and do not buy. If price closes back above it again do nothing
The range 1.4200 and 1.4000 is neutral area, any trade done in between is personal decision and not part of this analysis
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GBP/CHF will rise at upward level from now and I think it will Resistance at 1.4324 and Support is at 1.4058
as long as these levels hold, Uptrend could be expected to continue.
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we can see that the pair has closed it's daily candle above 1.4200 . so , that's means that up trend is expected and the pair might head to 1.4235 and then 1.4270 ,but also the hourly correction is expected before continue in the up trend
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The Sterling-Franc pair continues to move towards fresh lows, after touching said level at 1.3154 earlier in todays session.
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as what i can see in the hourly shart i think the pair want to retir in bulish after close abouve the 1.4030 so wait for the macd end rsi to give the same signal to confirm the up
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this is how i see the pair, so here are my positions for friday session :
start buying at 1.3942 with a take profit at 1.3968 and a stop loss at 1.3886.
start selling at 1.3886 with a take profit at 1.3860 and a stop loss at 1.3942.
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If a M15 close above 1.4100 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1.4000 sell only and do not buy. If price closes back above it again do nothing
The range 1.4100 and 1.4000 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
the candle of 1 hour at the price 1.4169 and above the line moving avrage 15 if this candle close above this price the pair go up and if she test the ligne and close under this price i think that the price go downward .
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we can see in the (1h )chart
the pair is between triangle
most indicators refer that the pair will go up
i see the pair will go to up way to broke the up trend
stochastic refers that the pair will go up
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I have the seem view about the pair, it still trading above the level of 1.3870, and trading now around the level of 1.3980,
if the pair success in breaking this level it will continue its upside movement.
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