GBP/CHF Future prospects

Thank you for your continued support.

My name is MORI, and I am working on the production of EA【GBP/CHF PON WATER】.

I would like to provide an explanation about the future development of GBP/CHF.

First, this is a check of the current value.

Above is the daily chart for GBPCHF.

We are forming a higher range beyond the orange dashed line and blue line, and moving to a higher range.

The area enclosed in purple is considered to be in the middle of an upward wave 2.

Having surpassed the orange dashed line that was perceived as resistance, it is recently being treated as a support (support-resistance flip).

Going forward, I expect this area to serve as a base for further upside.

Sell orders still require caution, but I think it may be acceptable to hold new shorts while within the purple-enclosed area.

Our EA includes a feature that restricts new trades and grid (martingale) trades by price.

For example, in GBPCHF, you can specify that new sells are not placed above 1.1450, or that new buys are not placed below 1.1350.

Such specifications are possible.

Grid martingale is strong in a range, but weak when a trend appears, so it is possible to limit new trades and grid trades by human judgment.

Perhaps because of these settings, from August of last year to March of this year the profits were around 700,000 yen, with a maximum drawdown of only 67,000 yen, a relatively small amount.

If you are looking for a stable EA, we would be grateful if you consider it.

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MORI