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GBPCHF Forex Signal: Bullish Flag Pattern

GBPCHF Forex Signal: Bullish Flag Pattern

Description: Our last trade was a long entry based on a Bullish Alt BAt Harmonic Pattern. Trade reached its targets. We see that the pair is printing a Bullish Flag pattern on the H4 Chart Time Frame.  The bullish breakout of the flag is the fresh buying opportunity.

We have published a detailed Sterling Forecast. You may like to take a look before the week starts:

GBP Futures: Brexit Deal, Spain and BoE’s rate war

Pair / Instrument: GBPCHF

Time Frame: H4

The trend in the Timeframe: Neutral

The trend in the Daily Chart: Bearish

Trade Based On: Bullish Flag Pattern

Accuracy: %93

Recommended Lot Size: 0.15 at 10K

Trade: Long

The Area Of The Entry: 1.27850 – 1.27900 Estimated Breakout Level

Stop Loss: Below 1.27400

Target 1: 1.28700

Target 2: 1.29400

Target 3: 1.30500

You can view the setup : GBPCHF Bullish Flag Pattern

Note: Please pay attention to Brexit Related volatility on GBP futures

You can check  our signal results

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Rules To Keep In Your Mind:  Trade Safe. Money  Management is the key to success in forex trading. Do not risk more than 1% of your account in each trade.

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DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money

GBPCHF Bullish Flag Pattern:  Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.

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