GBPCHF EMA's RIBBON strategy Simple and effective
GBPCHF
Price has broadly moved above the EMA's ribbon its one of the easy method to predict the trend on September 08 the price felled below the ribbon and the selling happened rapidly. Whenever the ribbon is constricted the trend going to reverse and if the ribbon is widen enough still the upside/Downside momentum is intact
In GBPCHF the ribbon was turned upside and its showing some sign of bullish trend. The price trading around 50% Fibonacci level. We can expect short term downward play before the bullish run. Series of bullish candles are formed n H4 timeframe
The swing target would be 1.20500. Stop lose may placed below the 38.2% Fibonacci level
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Price has broadly moved above the EMA's ribbon its one of the easy method to predict the trend on September 08 the price felled below the ribbon and the selling happened rapidly. Whenever the ribbon is constricted the trend going to reverse and if the ribbon is widen enough still the upside/Downside momentum is intact
In GBPCHF the ribbon was turned upside and its showing some sign of bullish trend. The price trading around 50% Fibonacci level. We can expect short term downward play before the bullish run. Series of bullish candles are formed n H4 timeframe
The swing target would be 1.20500. Stop lose may placed below the 38.2% Fibonacci level
If you like our work give us a thumbs up. Donating via tradingview coins will make us to provide more valuable ideas
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