GBP/CHF looking good for next week
Very simple setup this time. GBP/CHF broke the ascending channel, and if you follow us on our different social media platforms you know that we took this trade and we got out of it because we knew that a retest is coming after reaching the 100% Fibonacci Extension level.
After retesting the trendline, we expect GBP/CHF to continue its way to the downside to possibly reach the 100% Fibonacci Extension level at (1.27309) as a first target.
It is so important to use your Fibonacci Extension and Retracement to be able to know where to place your TPs, and also to be able to anticipate when the price could reverse in the opposite direction.
After retesting the trendline, we expect GBP/CHF to continue its way to the downside to possibly reach the 100% Fibonacci Extension level at (1.27309) as a first target.
It is so important to use your Fibonacci Extension and Retracement to be able to know where to place your TPs, and also to be able to anticipate when the price could reverse in the opposite direction.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.