GBPCHF first long than short Position
Bullish Bias:
1. Bullish trend i.e. HH & HL as per
Dow Theory
2. Retesting 0.618 fib level
3. Retesting ascending trendline
Bearish Bias:
1. Bearish Divergence
2. Formation of double top
chart pattern
Conclusion:
1. Trend is overall in bullish trend,
however, trend reversal is expected due to
double top formation and bearish divergence.
As divergence is also indicating, a long
position can be taken with 40-50 pips profit &
than short position can be taken.
1. Bullish trend i.e. HH & HL as per
Dow Theory
2. Retesting 0.618 fib level
3. Retesting ascending trendline
Bearish Bias:
1. Bearish Divergence
2. Formation of double top
chart pattern
Conclusion:
1. Trend is overall in bullish trend,
however, trend reversal is expected due to
double top formation and bearish divergence.
As divergence is also indicating, a long
position can be taken with 40-50 pips profit &
than short position can be taken.
Penafian
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