GBP/CHF Sellers are Within the Confluence Zone

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The GBP/CHF is bearish. Price is currently retracing and if it gets to the POC zone, we might be expecting a drop lower.

1.1900-1.1890 is the POC zine . 88.6 makes a strong confluence with the W H4 camarilla pivot. We can also see historical sellers there. If the market makes a reversal pattern in the zone, the price should drop. Targets for the move are 1.1850 and 1.1795. On a further momentum down we might see 1.1765. There is also a big market risk in the GBP trading due to uncertainty about Brexit so be careful regarding risk you take per trade.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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