{"id":12562,"date":"2022-09-27T10:05:00","date_gmt":"2022-09-27T10:05:00","guid":{"rendered":"https:\/\/tradingshot.com\/?p=12562"},"modified":"2023-05-15T10:06:55","modified_gmt":"2023-05-15T10:06:55","slug":"gbpchf-best-long-term-buy-signal-since-covid","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2022\/09\/27\/gbpchf-best-long-term-buy-signal-since-covid\/","title":{"rendered":"GBPCHF Best long-term buy signal since COVID"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The GBPCHF pair almost hit early this week the Lower Lows trend-line of the multi-year Bearish Megaphone pattern that it has been trading in since June 05 2017. At the same time, the RSI on the 1M time-frame printed its lowest value since the October 31 2016 candle. This combination is a strong buy signal on the long-term and confirmation comes when the 1D MA50 (red trend-line) breaks.<\/p>\n<p>As you see, every time the price broke above the 1D MA50 following a Megaphone bottom, the pair targeted both the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line).<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/GBPCHF\/S7tbYEyJ-GBPCHF-Best-long-term-buy-signal-since-COVID\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/GBPCHF\/S7tbYEyJ-GBPCHF-Best-long-term-buy-signal-since-COVID<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The GBPCHF pair almost hit early this week the Lower Lows trend-line of the multi-year Bearish Megaphone pattern that it has been trading in since June 05 2017. At the same time, the RSI on the 1M time-frame printed its lowest value since the October 31 2016 candle. This combination is a strong buy<\/p>\n","protected":false},"author":611,"featured_media":12563,"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-12562","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\/12562","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=12562"}],"version-history":[{"count":2,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12562\/revisions"}],"predecessor-version":[{"id":12565,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/12562\/revisions\/12565"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/12563"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=12562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=12562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=12562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}