Discover why FBS reduced the GBPCAD spread and what to do next!
GBP/CHF offers a trade opportunity
2019-11-11 • Updated
Trade idea
SELL at 1.2750; TP1 1.2700; TP3 1.2660; SL 1.2775.
These days you might want to exploit the vulnerability of the British pound which is weakened by the Brexit concerns. If you don’t feel comfortable trading the wild GBP/USD, there may be an interesting chance to get some profit from GBP/CHF.
On D1, we see a shooting star candlestick ahead of the 100-day MA.
On H4, GBP/CHF met the resistance of the 50-period MA. A decline below 1.2760 opens the way down confirming a “Double top” pattern. November lows around 1.27 will be the first target.
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...