GBPCHF ** SELL
GBPCHF ** SELL : Review of gbpchf analysis based on Price Action, Elliott and Kendall Stick
1- Price Action Analysis:
It has been in a rising price since 5/24/2021. and in this uptrend. which is in a uptrend line. it has hit this resistance line 3 times and has had a big drop each time.
The second time on 20/7/2021. he encountered this very strong resistance line.
And now it is at the price of 1.6195. at which I entered the sale.
With a stop of 1.9233, it is suitable for sale. and with a target of 1.5815, which in this signal. if 100 pips is in profit, please put the stop at the entry price.
- Elliott analysis:
According to Elliott analysis, in wave b there is a stretched plate that has returned to 127% of wave a until now. and the beginning of wave c is that plate which will return at least 138% of wave b.
3- Candle stick analysis: In 1 hour. we see candles with long shadows
GBPCHF ** SELL
1- Price Action Analysis:
It has been in a rising price since 5/24/2021. and in this uptrend; which is in a uptrend line. it has hit this resistance line 3 times and has had a big drop each time.
The second time on 20/7/2021. he encountered this very strong resistance line.
And now it is at the price of 1.6195; at which I entered the sale.
With a stop of 1.9233. it is suitable for sale. and with a target of 1.5815; which in this signal. if 100 pips is in profit. please put the stop at the entry price.
- Elliott analysis:
According to Elliott analysis. in wave b there is a stretched plate that has returned to 127% of wave a until now. and the beginning of wave c is that plate which will return at least 138% of wave b.
3- Candle stick analysis: In 1 hour. we see candles with long shadows
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