Hello

I have choose GBPCHF Pair due to many reasons. As i mention before i do my effort to make myl Analysis is simple enough for the traders whom not aware the basics of T.A.

Get back to the reasons...

1- My previous analysis was talking about EURGBP which reverse their trend from Up to Down(please check and review my analysis) ,Now and when we know that there is very strong relationship between the the Two pairs,then we can easy understand the behave of GBPCHF in simple way. The correlation factor between them is reaches over 90% but in opposite direction which means when EURGBP in Short mode,you have to go long with GBPCHF,Simple like that?...YES IT IS. Just Focus and trust at yourself and your Analysis.

2- If you are not aware or even believe of Correlation factor between them and want know more to be confidence, Please go and open weekly and daily charts....both are in Long Mode with great uptrend move. So While the EURGBP in Short mode we can see GBPCHF in Long mode. Is that enough to tell you there is a great Correlation factor? ,The Answer is YES.

3-Now what suppose to do, Please Go long with GBPCHF, YES..Go....and must know that when Pair on weekly chart in uptrend,then go blindly to daily chart and fetch about best buy Signal. If you can't find or you don't know how to do it....Go Long whatever the entry point is because you will win at the end.Of course you do that only with a BASIC AND ESSENTIAL CONDITION which is the Instruments,Stocks....or whatever have to be in UPTREND MODE ON WEEKLY CHART.

4-Stop loss must placed below at nearly base on daily chart which can found at 1.43123(The base value). Target is 1.47672.

5- Please respect both the Stops and l profits points.(Discipline).

GL.
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