The GBPCHF is kept from falling only by a strong support level
Strategy of forex trading. Forex currency pair GBPCHF falls in price. The price stopped near a strong and even support level, which keeps it from falling further. Day trading strategy forex is to sell a currency pair as soon as the price breaks this level. The target for this trade is 100 pips to the next flat support level.
Order Type: Pending Order - Sell Stop
Entry Price at 1.2100
Take Profit at 1.2000
Pips Earning: 100
Daily trade tips:
EURUSD buy at the price of 1.1190
USDJPY sell at the price of 121.30
GBPUSD sell at the price of 1.3100
USDCHF sell at the price of 0.9220
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The profit can be $1082.20 if the trading volume of 100000 GBP (1 Lot).