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GBP/CHF Potential Downward Movement

GBP/CHF Long-Term Trend: Bearish

Key Resistance Levels: 1.1186, 1.1248, 1.1312

Key Support Levels: 1.1056, 1.0988, 1.0912

Daily Chart:

The price on the higher time frame has recently been rejected from the 1.1488 level after being in a range from some time. It has shown good bearish momentum and broken a support level of 1.1187 which shows signs of trend continuation. 

GBP/CHF Medium-Term Trend: Bearish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It broke a support level of 1.1312 recently and has sustained below that. Recently the pair has broken and retested a minor level of 1.1186 before continuing the momentum.

Signal Idea:

Sell Stop Order @ 1.1129

TP @ 1.1063

Stop Loss @ 1.1195

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

8 comments

  1. Hi, I’m interested in joining vip ..are we allowed to use the trade copier for fmto/ mff/surge trader ….?

  2. Hi Pat, this is Michał from Poland , I’m an amateur trader, and I’m looking for varioes opportunities, earning money, learning good strategies etc…. for some time I’ve been writing with you on Insta and Whatsapp, and it seems to me that it’s not with you , but with scammers impersonating you.

    Please confirm it’s not you.

  3. Again we have seen trade went to reversal and hit our breakeven SL. Thank you pat for inform us to move SL to breakeven. Hope we will get more better signal next .

  4. Thanks pat after a longer period we have got nice setup hopefully catch the TP .

  5. Dear Vipul,
    Good day!

    I have one doubt, so once we receive the sell stop order in that price, we have to execute the trade, right? or else immediately after posting?

    Kindly let me know the same on above.

    Thanks in Advance!
    Omkar

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