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Thread: GBP/CHF

  1. #1
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    GBP/CHF

    Thread for GBP/CHF discussion - latest news, technical analysis, forecasts and opinions.

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    gbpchfdaily.png
    if the market does not be able to break the level 1.4659 then i am very sure that market may drop down , because if look prior candle from current there is doji appearing , but so far market is s trong bullish

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    gbpchfdaily.png
    if the market does not be able to break the level 1.4659 then i am very sure that market may drop down , because if look prior candle from current there is doji appearing , but so far market is s trong bullish

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    Here scenario is that we got a prior trend is almost losing the steam and now market has breakdown the a trend line and now market is under it , which means a break through is confirmed , and more likely beraish would run till next s1 level

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    We have one of the Doji pattern which can be even referred as the hammer pattern that ultimate means that bulls in power yet and our trend is twice touched mean a quite strong trend so we can be long just remain above it as long trend-lines proved stronger

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    Critical level for the re sell for the pound is the testing of the 23.6 fib level , if market consolidate there and not go further up then after that more likely , pound will continue bears movement

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    4 times market try to go below of the 1.4339 which is now very strong support zone , market at able to sustain it more likely market today try to break it , but less likely market will succeed in doing , critical level is support , selling action will be seen , below of this level , pend order can be place

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    Prices are taking the bounces from the level which 23.6 fib and trying to go ups and downs and quite uncertain , but current candle showing that market is more interested in continue the bulls and CCI getting curve and going upward

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    we have got the Triangle pattern at the chart which we can see at the chart , further we also do have to notice that if prices give the test to the lower boundary and not break then after more likely is that market 1.4445 and buy can comes in action

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    Price has breakout from the doji created classic resistance the pivot was 1.4407 and currently market above the DP so looking for bullish bias for today , after breaking the 1.4419 more tendency of the bulls , otherwise rejecting from this level , would be just correction

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