GBP/CHF Price Forecast 28th November 2024

December 1, 2024 9:56 am

GBPCHF Price Forecast 28th November 2024

Strategy: Flip 55

The Flip 55 is a trend-following strategy. This straight forward approach utilizes 2 moving averages has undergone extensive backtesting by our team, demonstrating a winning ratio between 70% and 80%.

Recommended Timeframe

This strategy is adaptable to various timeframes, including H1, H4, and Daily. Although it can be applied to timeframes lower than H1, optimal results are typically achieved within the H1, H4, and Daily timeframes.

Trade Details

Currently, the Flip 55 strategy has identified a trading opportunity on the GBP/CHF pair within the H4 timeframe. I’ve shared a trade setup image for your reference. The details of the trade are as follows:

  • Pair: GBP/CHF
  • Timeframe: H4
  • Buy Stop: 1.12160
  • Stop Loss (SL): 1.11645
  • Take Profit (TP) 1: 1.12805
  • Take Profit (TP) 2: 1.13450
  • Take Profit (TP) 3: 1.13835

Lot Size

For risk management, ensure you do not risk more than 2% of your account per trade. For instance, with a $10,000 account, the maximum risk should be $200.

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To Your Success!
Tim Morris

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Tim Morris

Tim Morris is a work from home dad, home-based forex trader, writer and blogger by passion. He likes to research and share the latest forex trading strategies and forex indicators on ForexMT4Indicators.com. His passion is to let everyone to be able to learn and download different types of forex trading strategies and mt4/mt5 indicators at ForexMT4Indicators.com

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