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CHFGBP

Bullish opportunity on CHFGBPMarket considerably bullish on the 4hr and daily charts. Broke through long term resistance at the 0.8540 area. The pair is now trading in uncharted territory having reached new highs. The break and bounce of the resistance, now turned support can be seen clearly on the hourly chart. Besides the. fact that the RSI has been recently oversold, we can also see bullish divergence between current low and the lower low from the 18th of March. Looking for the market to go higher to retest the previous high at the 0.8984 area. Ideas are simply my observations. Please trade with caution.
Long
by SmartPips
CHFGBP Continues the Trend Long TradeSymbol: CHFGBP Timeframe: 1H Indicator: 9 Seasons Rainbow Multi TimeFrames Pattern Signals: Short Timeframes: 1H: Red -> Green Medieum Timeframes: 8H: Blue Long Timeframes – Context: Green Series Other Signal: Inverse Head & Shoulder. Structure Support SETUP: Wait & Long Bullish Breakout the neckline ENTRY @ 0.8359 SL @ 0.827 T1 @ 0.847 T2 @ 0.855 I appreciate your like or comment. Welcome to share your idea here. PM the author for trial of "9 Seasons Rainbow Multi TimeFrames Pattern". DISCLAIMER This is only a personal opinion and does NOT serve as investing NOR trading advice. Please make your own decisions, carefully assess risks and be responsible for your own investing and trading Activities.
Long
by go8686
2
CHFBGP Consolidation, Heavy resistance @ 0.8279, NEUTRALBased on the ADX indicating a weak trend strength (below 20) currently, and heavy resistance at 0.8279, the trend will be bullish when significantly below 0.8279 and bearish when at 0.8279. The trend will change towards the end of 2021 when the resistance and trend lines converge. At this point, I would employ a strategy of going short when at 0.8279 and going long when significantly below this price level. Ichimoku Cloud also indicates a consolidation period ahead. MACD would seem to indicate that there may be a short term, bullish breakout in the coming weeks. However, given the heavy resistance at 0.8279 and week ADX, don't expect this to be a long term trend.
by dylansi
Swiss franc: referendum results and reaction of the francOn Sunday, a referendum was held in Switzerland. There were two issues on the agenda: the initiative on "living money" and the law on gambling on the Internet. The greatest fear among investors was caused by the potential radical reform of the banking sector of the country (Vollgeld). In case of a positive vote for this initiative, the country was in danger of serious shocks. But unlike the British, the Swiss had the prudence not to cut the branch on which they sit. The result of voting on this initiative is a sure failure. Accordingly, the status quo is preserved in the Swiss banking system. As for the second issue - protecting consumers from the "harmful consequences" of online casinos from abroad, this initiative was supported. Recall, many Swiss believe that this is only the first step towards the introduction of "Internet censorship" for "unwanted sites." In total, nothing radical has happened. So, the flash crash of the franc has been avoided. The reaction in the foreign exchange market was by and large absent, which once again we note, is conditioned by the nature of the results of the referendum. Force majeure, which could occur, did not occur, accordingly, the fundamental background did not change. However, we still do not see any reasons for his purchases. The fundamental reason for lowering the franc this week could be the meeting of the Presidents of the United States and North Korea (scheduled for June 12). Peaceful statements from Singapore following the meeting should provoke a decrease in demand for safe-havenassets. Accordingly, the franc will become the object of sales. Technically, in pairs with the euro, the pound and the Japanese yen, there are good opportunities for franc sales. And the potential for its reduction in each of these cases is several hundred points. The bases are the same - these crosses are close to the boundaries of their medium-term ranges, which means that the probability of their reverse is high now. For example, in the GBPCHF pair, the growth target is 1.35 or even 1.38. In the EURCHF cross it is about 1.18 or 1.20. As for the pair CHFJPY, the target of the current movement is the area of 108.50. As you can see, the Swiss franc has sufficient potential for decline in the foreseeable future, which is worth taking, selling it primarily against the euro, the pound and the Japanese yen.
Long
by Trade24Fx
CHFGBP bullish falling wedgeI have posted a bearish trade on this same pair from a descending triangle (see link), the profit target of which is outlined here as the lower green line. If this wedge breaks out at 7 then the other trade will be closed out and I will have to hope for a win on this trade to make up for that loss. If the market hits the support line before the profit is met then I will manually close the trade at a profit and wait for the falling wedge to break and enter this trade. This trade The profit target is set at lovely previous structure. Due to the large number of hit points and converging wedge edges a break out is imminent.
Long
by olly_price
2