DAILY CHART ANALYSIS : GBPCHF : based on Moving Average

In chart we can see that 20 DMA has kept on providing support and 20/50 SMA are alligned perfectly for bullish continuation.

In shorter time frame look buying opportunities in Dips .

selling is not advised till price remains above 50 SMA in daily chart. however price may move lower in small waves towards retesting 20/50 SMA support , but overall trend is considered bullish in GBPCHF


Above are short term trading setups based on Moving Average Only .

Moving average can show you trends / support resistance levels , ranging market etc.

Just like trendlines we trade breakouts , retests of moving averages too ,

To trade correctly our ideas , follow the instructions and wait for candle close wherever advised.

Not all setups will be great , and losses are part of Game , consistency will surely give good results in long term.

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