Paun British / Franc SwissSingkat
GBPCHF, 4hr tf, Head and shoulders pattern to materialized
Hello my friends,
Another setup for you is GBPCHF pairs.
This pair has moved in a sideways direction for the last 7 weeks since late September until now.
There is no clear direction from this pair and i think we could finally see some strong movement soon.
I am more bearish to this pair because the last 2 days, CHF was so strong.
You could see after marking my hozitontal support and resistance, i drew a trendline and price now below this ascending trend line.
At the same time, a head and shoulders pattern also completed and we could see price break the neckline soon.
The measured objective of this pattern is around 160-170 pips.
Sell GBPCHF 1.1845
Stop loss 1.1890
Take profit 1.1645 (4.4R)
RR ratio 1 : 4.4
Use only 1-2% risk
Good luck
If you find this post useful, please like my posts and follow me for my next updates.
Check my bio as well to find something interesting.
Another setup for you is GBPCHF pairs.
This pair has moved in a sideways direction for the last 7 weeks since late September until now.
There is no clear direction from this pair and i think we could finally see some strong movement soon.
I am more bearish to this pair because the last 2 days, CHF was so strong.
You could see after marking my hozitontal support and resistance, i drew a trendline and price now below this ascending trend line.
At the same time, a head and shoulders pattern also completed and we could see price break the neckline soon.
The measured objective of this pattern is around 160-170 pips.
Sell GBPCHF 1.1845
Stop loss 1.1890
Take profit 1.1645 (4.4R)
RR ratio 1 : 4.4
Use only 1-2% risk
Good luck
If you find this post useful, please like my posts and follow me for my next updates.
Check my bio as well to find something interesting.
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.