GBPCHF - CHF TO GET MORE BASHING IN THE COMING WEEKS??
SWISS FRANC looks likely to continue to weaken against other major currencies.
Although it continues to consolidate across pairs (GBP, NZD, CAD,AUD) after very strong gains in the last couple of months. Only the YEN has broken out of it's consolidation and maybe soon others will follow. CADCHF did break out at some point but retreated back into range and looks likely to break out once more to the upside.
So far in the coming week(s) I look forward to LONG scalps on the GBPCHF pair taking out our first target (1.1250 - 1.1260), roughly about 40-50pips and if it maintains momentum we could see it reach top of the range (1.3380) +110pips.
Strong rejection off strong support erasing massive bearish candle (also on W1 TF leaving 2 doji prints).
Sentiment data shows extremes on Buyer/seller sentiments and indicating price could reverse from here.
Your thoughts?
Although it continues to consolidate across pairs (GBP, NZD, CAD,AUD) after very strong gains in the last couple of months. Only the YEN has broken out of it's consolidation and maybe soon others will follow. CADCHF did break out at some point but retreated back into range and looks likely to break out once more to the upside.
So far in the coming week(s) I look forward to LONG scalps on the GBPCHF pair taking out our first target (1.1250 - 1.1260), roughly about 40-50pips and if it maintains momentum we could see it reach top of the range (1.3380) +110pips.
Strong rejection off strong support erasing massive bearish candle (also on W1 TF leaving 2 doji prints).
Sentiment data shows extremes on Buyer/seller sentiments and indicating price could reverse from here.
Your thoughts?
Dagangan ditutup: sasaran tercapai
First Target reached. Couldn't wait for 1.1260. Will continue to look out for LONG scalps as long as price remains above 1.1220 area.Nota
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.