GBPCHF H1CHART

GBPCHF Potential Long Trade Opportunity

GBPCHF is testing the critical resistance on H1 chart. Price is above EMA 50 and Tenkansen.

On H4 chart, the same level is EMA 50 resistance. And the price is about the leave the Kumo behind.

We will take the following short – mid-term trade:

TRADE: LONG

ENTRY: HOURLY CLOSING ABOVE 1.29000

STOP: 1.28200

TP1: 1.29500

TP2:1.29900

TP3:1.30500

and the other set up

TRADE: LONG

ENTRY: PENDING BUY ORDER at 1.28600

STOP: 1.28200

TP1: 1.29500

TP2:1.29900

TP3:1.30500

UPDATE: GBPCHF hits the first target with 50 Pips. Close 40% of the positions. Move Sl to entry and wait for the next target as usual.

UPDATE: OCTOBER 25TH: TRADE HITS TP3 WITH 150 PIPS.

NEW TARGETS: 1.31100 AND 1.31800 AND 1.32400

UPDATE: OCTOBER 25TH TRADE HITS 1.31100 WITH 210 PIPS. WAIT FOR THE 1.31800

UPDATE: OCTOBER 31ST. GBPCHF HITS 1.31800 WITH 280 PIPS. TAKE SOME PROFIT AND WAIT FOR THE NEXT TARGET 1.32400

UPDATE: OCTOBER 31ST. GBPCHF HITS 1.32400 WITH 340 PIPS. WE HAVE ANOTHER LONG POSITIONS WE CLOSE THIS TRADE.

 

 

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Warning: All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases.

If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly.

WARNING ABOUT TRADE IDEAS

  1. We enter trades on different pairs and we look for other trade opportunities. So we recommend you to enter trades with the smaller size.
  2. Do not exceed 10% margin.
  3. Stop Loss and Take Profit Levels are +/- 15 pips minimum.
  4. If we do not publish an update close the 40% of your position on the TP1 level and move your stop loss to entry level.
  5. Some trades ( especially with 300-500 pips profit target) can take 5-6 days to hit the targets. If you do not have patience, do not enter the trade.
  6. Our aim is to close each with week 2500-3000 pips profit minimum.
  7. If we mention as “pullbacks are buying/selling “ opportunities and we publish pullback levels, you do not need to wait for a signal from us. Use these opportunities at the mentioned levels.
  8. All markets trade in different phases; bull and bear markets don’t start overnight. Markets build through three major phases and depending on the time frame you are trading, you will see different phases. If you enter a trade by analysing the H4 chart frame, this is just a day trading, your stop loss and take profit levels must be set up accordingly.
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