Learn to Trade Forex Online
The GBPCHF has been roaring higher of late. Price has moved up so strongly it did not even halt at the recent resistance. With such a strong move higher only a very brave trader would try and trade against it.
Traders could look to trade with this recent up momentum. A logical level to look for a Price Action setup would be at the old resistance which would look to hold as new support.
See the chart below for the next logical new support level.
GBPCHF DAILY CHART
ForexSchoolOnline.com helps individual traders learn how to trade the Forex market
WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.
Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.
We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey
Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
Leave a Reply