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Thursday, November 26, 2020

💡 Don't miss the great sell opportunity in GBPCHF

💡 Don't miss the great sell opportunity in GBPCHF

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2153). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. GBPCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 31.

Take Profits:
TP1= @ 1.2100
TP2= @ 1.2055
TP3= @ 1.2015
TP4= @ 1.1985
TP5= @ 1.1924

SL: Break Above R2

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