GBPCHF Trade Idea (19th December 2019)
Currency Pair: GBP/CHF
Timeframe: H1
Date/Time of Signal: 19th December 2019 / 2230hrs (SGT)
Review:
UK Retail sales m/m was worse than expected. Bank of England (BOE) held interest rates at 0.75% with its rate-setting committee voting 7-2 in favor of keeping the current level. However, BOE also mentioned that it could cut rates if “global growth fails to stabilize or Brexit uncertainties remain entrenched.”
GBP/CHF has been on a downward trend and as GBP/CHF broke the Support level of 1.2800, trade signaled to sell GBP/CHF (Entry: 1.2788) with 3 Take Profit (TP) Targets (TP1: 1.2768, TP2: 1.2748, TP3: 1.2728) and Stop Loss (SL) at 1.2818.
Timeframe: H1
Date/Time of Signal: 19th December 2019 / 2230hrs (SGT)
Review:
UK Retail sales m/m was worse than expected. Bank of England (BOE) held interest rates at 0.75% with its rate-setting committee voting 7-2 in favor of keeping the current level. However, BOE also mentioned that it could cut rates if “global growth fails to stabilize or Brexit uncertainties remain entrenched.”
GBP/CHF has been on a downward trend and as GBP/CHF broke the Support level of 1.2800, trade signaled to sell GBP/CHF (Entry: 1.2788) with 3 Take Profit (TP) Targets (TP1: 1.2768, TP2: 1.2748, TP3: 1.2728) and Stop Loss (SL) at 1.2818.
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.