Swiss Franc cross is a lower volatility pair that is tempered by the currencies' economic and geographic proximity. The British Pound is one of the premier reserve currencies and represents the world's largest financial center. In turn, the Swiss Franc is used as a reserve currency around the world and is currently ranked rarely 5th or 6th in value held as reserves after the United States dollar, the euro, the Japanese yen, the pound sterling and the Canadian dollar.
The pair is trading in its last leg of corrective upside rally which is likely to find resistance around 1. The pair is extending weakness making lower highs and lower lows suggesting that the underlying long term bearish trend is still intact. An early sustained break below 1. The 'breakouts' on the Daily timeframe have been obviously false ones. Combining this with the overall structure, chances are high that these attempts might be followed by a decent move to the downside.
As for the targets, I'm looking at the areas of: Supply zone ahead, it's not the strongest one, but it could make a retracement before breaking through. Pay attention in the indicated area and buy a confirmed breakout. Hi guys, if you know my trading style you would know why am i looking at this pair: If you zoom in the chart you would notice a double bottom formation happened right inside that blue box that Inspired by an indicator I found on stevehopwoodforex.
I'm sure I'm not the For detailed analysis please look at the Video. Currency pair - GBP. CHF Chart timeframe - 15min Area of interest - 1. Hello Traders, Short opportunity for short term , bigger picture R: R approx 1 to 1 for 1hr time frame , watch out for the ups and downs and trade with timely adjustment of your SL. I highly honor your reflections on my analysis.
Price action markup with a downward fib drawn on this weekly time-frame. Set buy limit as chart. Bearish Shark trading within a flag. Show More Ideas 1 2 3 4 5 From the creators of MultiCharts. Select market data provided by ICE Data services.More...