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NEW analyse technical GBPCHF *THE STRATEGY IN TESTING PERIOD *


THE STRATEGY IN TESTING PERIOD
SO YOU CAN TESTING MY NEW analysis technical IN DEMO ACCONT
up to 1.3100
down to 1.300
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Abc1 avatar
Abc1 27 July

Супер

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GBP/CHF Consolidation phase

After SNB decided to drop the 1.2000 EUR/CHF floor the price action on CHF crosses has been distorted however we can still find a way to guide us through the current mess by simple using support and resistance level and the box trading ranges (see Figure 1). GBP/CHF as being a cross pair has a lot of tendency to consolidate and we can find more often it's moving inside this range boxes. Usually if we have this type of boxes on the left side of the chart we can see how by simple using those boxes…
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Daytrader21 avatar

Update 5: As expected we had a double top and we had a sell of from the big round number 1.4500 which can be considered the second wave of wave B. Right now we're 0.13 deviation from my actual forecast of 1.4397. The actual price is 1.4378 which is exactly 19 pips. However we're just Friday and until Monday we can still have either some further improvements or the market could still move against me. However the likelihood is for a retest of the round number 1.4400 on Monday.

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Update 6: As expected and as per my last update we indeed not only retested the round number 1.4400 but the momentum pushed the price even higher. Right now as I post this update I have 0% deviation from my forecast, which is quite impressive. in the next two hours left until the deadline the market should not experience any strong movement until the New York session comes in and we should expect price gravitate near this round number 1.4400(1.4397 my forecast) during the next 2h

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Update 7: 20 Minutes left until the deadline and as expected the price gravitated towards the round number 1.4400, and as I write this update I have 0% deviation

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Update 9: I give here some feedback about Technical Analysis contest and why there need to bee done some adjustments.

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I have 0% deviation 15 minutes before the deadline....................This is unbelievable

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