Trade Recommendation: GBPCHF
The price is going to reverse from the kumo and Tenkan line. DMI confirms trend market conditions and allows trading. We have a buy opportunity. Entry level for long trades can be above the high of the previous candle. If the market passes this level, we’ll get confirmation of price reversal and further upward movement. Stop orders must be placed below 1.26000 level. Profit targets should be at the previous local high 1.28400 and 1.30000 resistance levels. If the price drops below 1.26000 level without activation of pending orders for buy, we’ll have to delete these orders and wait for a new trading opportunity. Recommended risk size for this trade is up to 3% from your deposit.
Profit Targets: 1.28400 and 1.2990