ForexRobotNation.com – Best Forex Robot & Expert Advisor Reviews Forex Robot, Expert Advisor GBP/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.1560, 1.1621, 1.1682
Key Support Levels: 1.1437, 1.1341, 1.1243
Daily Chart:
The price on the higher time frame has recently reversed the direction after having a bearish run. It found support at the 1.0894 level and has tested that area several times. The pair has broken a resistance level of 1.1400 which indicates a bullish bias.
GBP/CHF Medium-Term Trend: Bullish
1-Hour Chart:
On the lower time frame, the pair is moving in the major trendโs direction. The pricerecently consolidated for some time between a range of 1.1243 and 1.1341 and then broke the upper range. It has now also broken and retested a minor level of 1.1437 before continuing the momentum.
Signal Idea:
Buy Stop Order @ 1.1482
TP 1 @ 1.1544
TP 2 @ 1.1637
Stop Loss @ 1.1420
Trade Safely ๐
Thanks Vipul.
I appreciate the clear commentary which really helps me make sense of the ideas.
Nice trade. ๐
Well done bro…TP 1 hit on free signal..
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Waiting for the signal bro saving money for the robot