GBP-CHF
GBPCHF LONG - Buy Entry - H4 ChartGBPCHF LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: GBPCHF
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Pivot Point Yearly @ 1.2441
Resistance @ 1.22680
Resistance @ 1.22302
Support @ 1.21212
Support @ 1.20921
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GBPCHF a turn at the 0.618 🦐GBPCHF on the daily chart is moving inside a daily descending channel.
The price after the test of the 1.25500 area dropped exactly at the monthly support and from there retraced perfectly at the 0.618 Fibonacci level creating a double top over it.
How can we approach this scenario?
Currently, the market is testing once again the support area and if the pair will break below we will move on the 4h chart to search an entry point according to the Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPCHF LongHey traders, in today's trading session we are monitoring GPBCHF for a buying opportunity around 1.21200 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
GBPCHF MARCH 2022I anticipate the pair to fall during March.
Risk Off move is what I anticipate because of fundamental reasons.
GBPCHF a turn at the 0.618 🦐GBPCHF on the 4h chart is currently testing the 0.618 Fibonacci level.
The price after the attempt to break above the daily resistance created a false breakout started a retracement move in a falling wedge pattern.
How can we approach this scenario?
I will wait for the European market open and, in the case that the market will break above the resistance at the 1.22900 area, we will set a nice long order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPCHF - BUYGBPCHF has retested the neckline of a W pattern which also stands as a considerably strong support zone and will now make a move to the upside as expected. The target for this move is the dynamic resistance from the trendline.
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GBPCHF BuyGBPCHF buy from 1.2228, 3rd bounce off trend line, 61 fib lines up nice with those previous wicks. We also have the 1.22 key level to protect the position just 20 pips below
GBPCHF LongHey traders, in the coming week we are monitoring GBPCHF for a buying opportunity around 1.226 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
GBPCHF HigherGBPCHF looks low to me
I’m not a fan of the GBP narrative at the moment, a lot of talk about the BoE hiking into slowing growth and risks of stagflation but I think for this week I like a GBPCHF long for different reasons.
GBP has been trading similarly to EUR for similar reasons, we’ve had a strong push higher on EUR on lower commodities/more positive Russia/Ukraine news but not much movement yet on GBP.
We have the BoE this week which I think could be slightly more hawkish than the market expects. We were expecting a more dovish ECB last week due to Ukraine and for the most part they looked past the risk to the economy somewhat so I can see the same happening with the BoE.
Commodities have started to move lower as well as oil and risk sentiment this week looks more stable to me so I can see CHF getting weaker and GBP rising this week.
Not trading/investment advise, feedback would be appreciated!
GBPCHF ShortHey traders, Hey traders, in the coming week we are monitoring GBPCHF for a selling opportunity around 1.22 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBPCHF Resistance Ahead Sell !!!!The GBP/CHF is consolidating at 1.254 levels, which is a strong resistance.
It is expected to decline until it reaches 1.210.
According to the existing harmonic
This pull back on Gbpchf for a short?
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GBPCHF SELL ANALYSISLooking at GBPCHF on 1H timeframe
We looking for a potential short position upon retest of the level in which the market broke out of
GBPCHF can move higher? 🦐GBPCHF on the 4h chart is testing a confluence zone between the weekly resistance and a descending trendline.
The price after a false breakout started a range trading between the weekly structure and the 0.382 Fibonacci level.
How can we approach this scenario?
We will wait for the European market to open and check if the bulls will have enough strength to break above the resistance area.
In that case, if the price will break and retest the structure we will check for the application of the Plancton academy rules to set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPCHF in a triangle GBPCHF is moving inside a triangle and price has got stuck between FTC Level and an uptrend. Breaking the trendline will be followed by a correction.
GBPCHF testing a weekly resistance 🦐GBPCHF on the daily chart is testing a confluence zone between the weekly resistance and a descending trendline.
The price after a triple bottom over the monthly support started a bullish move with an impulse to the upside and retraced back to the 0.618 Fibonacci level.
How can we approach this scenario?
We will wait for the European market to open and check if the bulls will have enough strength to break above the resistance area .
In that case, we will move on the 4h timeframe and if the price will break and retest the structure we will check for the application of the Plancton academy rules to set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPCHF Sell signal: Lower High and 1D MA200 rejectionGBPCHF has been trading within a Bearish Megaphone pattern almost since the start of 2021. At the moment it is trading sideways for more than a week in a row but even though it has tested the 1D MA200 (orange trend-line) on multiple occasions, it has failed to close a 1D candle above it and make a bullish break-out.
On top of that, the 1D MA200 rejection, is also a Double Top rejection on the 1.26125 Resistance level. Also the 1D RSI is on Lower Highs, which that was the formation on the pairs last rejection at the top of the Megaphone on October 20 2021. The result of that Lower High top was a price dive to the 1.5 - 1.618 Fibonacci extension levels once the 0.5 level broke.
At the moment the 0.5 Fib level is at 1.24455. If that breaks, I will take it as a sell signal with a 1.21000 target (within the 1.5 - 1.618 Fib extension zone).
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GBPCHF Daily ForecastGbp Is taking a leap down the hill and as we can see across all gbpxxx pairs will be affected. But i will be focusing more on gbpchf as i have seen this sweet retracement from resistance. I believe this pair will see lots of pips down before buyers come in.
GBPCHF LongHey traders, in the coming week we are monitoring GBPCHF for a long term buying opportunity around 1.25 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
GBPCHF ShortHey traders, in today's trading session we are monitoring GBPCHF for a long term selling opportunity around 1.254 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
GBPCHF a turn at the 0.618 🦐GBPCHF on the daily chart is testing a confluence zone between the weekly resistance and a descending trendline.
The price after a triple bottom over the monthly support started a bullish move with an impulse to the upside and retraced back to the 0.618 Fibonacci level.
How can we approach this scenario?
We will wait for the European market to open and check if the bulls will have enough strength to break above the resistance area.
In that case, we will move on the 4h timeframe and if the price will break and retest the structure we will check for the application of the Plancton academy rules to set a nice long order.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBPCHF ShortWe have a strong downtrend because at the daily timeframe we are at the resistance.
At the 4H timeframe we can open a short position because the trend line has broken and retested.
Also indicators confirm the short position.
Stay tuned for more awesome technical analysis.
Cheers :)
