{"id":11918,"date":"2022-04-22T08:57:08","date_gmt":"2022-04-22T08:57:08","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11918"},"modified":"2023-05-09T09:01:29","modified_gmt":"2023-05-09T09:01:29","slug":"gbpchf-rejection-on-the-1d-ma200-1-month-downtrend-ahead","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/04\/22\/gbpchf-rejection-on-the-1d-ma200-1-month-downtrend-ahead\/","title":{"rendered":"GBPCHF Rejection on the 1D MA200. 1-month downtrend ahead."},"content":{"rendered":"

 <\/p>\n

The GBPCHF pair got rejected yesterday on the 1D MA200 (orange trend-line) and today is on the strongest recent red 1D candle that is about to test the 1D MA50 (blue trend-line) as a Support.<\/p>\n

Basically, the Bearish Megaphone pattern I presented more than two months ago is still intact, hitting all targets:<\/p>\n

\"GBPCHF<\/a><\/div>\n

As you see, the price hasn’t yet broken above the Lower Highs trend-line of the pattern and the new rejection on the 1D MA200 serves as the latest Lower High. A break below the 1D MA50 and potentially subsequent Lower Highs on the 1D RSI, should serve as confirmation of a test of the 1.21000 Support. That is our short-term target. Based on the previous Lower Low sequence, we can even see an extension towards the 2.0 Fibonacci level. That is currently at 1.1950.<\/p>\n

Tradingview link:<\/p>\n

https:\/\/www.tradingview.com\/chart\/GBPCHF\/1GaFtWEb-GBPCHF-Rejection-on-the-1D-MA200-1-month-downtrend-ahead<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  The GBPCHF pair got rejected yesterday on the 1D MA200 (orange trend-line) and today is on the strongest recent red 1D candle that is about to test the 1D MA50 (blue trend-line) as a Support. Basically, the Bearish Megaphone pattern I presented more than two months ago is still intact, hitting all targets: As<\/p>\n","protected":false},"author":611,"featured_media":11919,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-11918","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11918","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11918"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11918\/revisions"}],"predecessor-version":[{"id":11922,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11918\/revisions\/11922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11919"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11918"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11918"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11918"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}