Trade Recommendation: GBPCHF | Hacked: Hacking Finance
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Analysis

Trade Recommendation: GBPCHF

Posted on .

Trade Recommendation: GBPCHF

Introduction

This article was posted on Tuesday, 11:00, UTC.

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. 

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Buy: 1.27250
Stop: 1.25900
Profit Targets: 1.28400 and 1.2990

Important: Never invest money you can't afford to lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here.



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Dmitriy Lavrov

Dmitriy Lavrov

Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.

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Dmitriy Lavrov
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Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years of trading experience. He covers Forex, Commodities and Cryptocurrencies. He is among the top 10 most Read More
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