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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 ✅ If you liked this analysis, please consider Following and giving it a Thumbs Up 👍 ✅ If you have any feedback or questions, please leave a comment below as I answer each comment 💬 ✅ Wishing you enjoyable successful trading 🙏
GLong
by UnknownUnicorn35780991
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. --–– 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.
Short
by InkyGrip
5
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.
Long
by InkyGrip
4
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!
Long
by Spinning_
This pull back on Gbpchf for a short? Hello there! If you are keen to learn more on the technical setups,do visit my website at www.shadowingthebb.com ! If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
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.
Long
by InkyGrip
4
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.
Long
by InkyGrip
2
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). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
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.
Long
by InkyGrip
6
UPDATE 2.0 - GBPCHF - CONT or BREAK-OUT Good Evening people… The new Trading week is upon us and with this I would like to revisit the Technical Analysis of the GBPCHF The initial post was 10 days ago and the market had progressed slightly towards our target zone for a potential trade set-up [For the initial Technical Analysis follow the link below ] Moving on to the progression of the chart and further Technical Analysis  Previously, Top-Down Analysis of the Monthly & Weekly were provided. Both timeframes remain pretty much identical - Other than the previously identified Pin-Bar  Now, I did predict that this particular Pin-Bar may just return to the 1.235 Support , which is also a 61 FIB zone for the previous Low [ 1.299 ] With, the Pin-Bar being the a new Higher-High in theory Furthermore, I did mention that Price would bounce off this level - And, It did precisely that! Additionally, This bounce closed back above a newly marked out Horizontal S&R Which brings us to the Daily TF… On the Daily - We can see that our previously marked out Descending Channel is still intact Furthermore, you can see the additional Horizontal S&R I marked out This has been closing out on a daily basis at the back end of last week Moving Down to the H4 … We can see that the market did Break-Out of the Support of the previously marked out Ascending Channel Following this Break-Out - Price bounced off the 1.235 Support and has been in a strong trend for the majority of last week This being our originally predicted zone of Confluence  and target for potential trade set-ups As I previously mentioned - This is an abundance of Confluence Being a meeting of the  H4 Ascending Channel Support Resistance of the Daily Descending Channel and Horizontal Resistance  [ Beautiful, right? ]  With this in mind, I am still looking for the following… At this  1.2599 Confluence - A Break-out  with a Daily Close before any long positions can be considered  Alternatively, any type of  Bearish Price Action CS or simply rejections would have to be considered as  Shorts  Also, I will be monitoring both the H4 and Daily TFs - As, they both currently seem to be respected at the levels on these TFs [ I am expecting this to alter though ] Although, on the H4 - After the Break-Out , Price reached the Support within 10 sessions But, has taken considerably more and still moving to reach the new Resistance of the Ascending Channel This personally being a chart pattern that is preferred to a similar period of sessions for returning to the new S&R after a Break-Out Finally, We do have a Monthly close upon us this week - Such a close my provide us with further clues as to the future movement of the market If anyone is following the original GBPCHF Technical Analysis - I hope this has provided an alternative insight to the chart Thanks for tuning in people & Stay Cool!
by fxhole_