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GBP-CHF

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_
GBPCHF - DESCENDING [D] BREAKOUT or? Good Evening People... And, The Finale of the analysis for today - Working Hard! [Moving on to TradingView , I have had to set all the charts up again - But, its something that refreshes the mind for me - Positivity!] This evening I have been looking at the GBPCHF With this and as always - I began with a Top-Down Analysis Lets cut to the raw stuff... On the Monthly - We have a Bearish Trendline and also being respected on the Weekly The last visit to this diagonal resistance was back in 2016 Throughout this time - The market has dropped slightly and proceeded to range Moving on to the Weekly - I have the aforementioned Range marked out Now, last week - We did have a relatively small Pin-Bar present itself [Don't get scared - I am thinking this may just return to the 1.235 zone - This being a 61FIB too] And, bounce :l Now the interesting and trade-able stuff... The Daily Timeframe On the Daily, I have identified a Descending Channel The market is working it's way up to the Resistance of the channel and coincidently, it will meet Horizontal Resistance [ But, not before that H4 Pin-Bar has been honoured, right?] And... Whilst on the topic of the H4 - I would like to mention the Ascending Channel I have marked out on this timeframe The market is currently testing the Support of this channel If we look back at the Descending Channel Resistance on the Daily - We can see an abundance of Confluence The meeting of the H4 Ascending Channel Support , Resistance of the Daily Descending Channel and Horizontal Resistance [ Beautiful, right? ] At this 1.2599 Confluence I am looking for a Breakout with a Daily Close before any long positions can be considered Alternatively, any type of Bearish Price Action CS would have to be considered as Shorts Thats it for today people - Good Night & Sleep Well Thanks for tuning in - Peace Out!
by fxhole_
UPDATE 3.0 - GBPCHF - CONT or BREAK-OUT UPDATE 3.0 GBPCHF Hope everyone has a good weekend... Today, I will be kicking off with a revisit to the GBPCHF As you guys may be aware - I have previously provided Technical Analysis for this currency and have been watching for the best part of the last 3 weeks You can find the previous analysis at both the links below… ... So, within the previous analysis - I discussed how the market was progressing upwards 
Furthermore, the Descending Channel that I originally marked out on the Daily TF is still intact And, with Price still pushing up to the Resistance Additionally and on the H4 - I marked out and Ascending Channel with a Break-Out to the downside And, over the trading week - The market continued to be bullish and retest the support of this channel. Although, after testing this support - Price did fall slightly and pushed up again for a further test. For me personally it was not at the confluence I was looking for to short the market Following this, a further Ascending channel was identified This providing similar confluence at the previously identified level of 1.252
 So and again people - We are looking for the reaction at the 1.252 level of confluence. Currently, I am on the side of sells - but, who knows, right? Any for of Price Action in. for the a CS would be sells Alternatively, a close above the 1.252 resistance zone I would consider Buys As always - thanks for tuning in people Keep it real!
by fxhole_
GBPCHF I It Will Head Upward Welcome back! Here's an analysis of this pair! ** We may see a gradual rise in the coming days because it's on an uptrend. The first wave or "push" has been completed, followed by a correction, and we next target would be 2595 zone (previous resistance), followed by 2665 resistance. We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support! Brian & Kenya Horton, BK Forex Academy
Long
by BKTradingAcademy
4
GBPCHF on a triangle pattern 🦐GBPCHF on the 4h chart is trading between an ascending trendline and a daily resistance. According to Plancton's strategy IF the price will break above and satisfy the ACADEMY rules we will 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
12
GBPCHF Bearish Continuation |16th Dec 2021Price is abiding to the descending trendline resistance, signifying an overall bearish momentum. We can expect that price to potentially drop Pivot level in line with 100% Fibonacci projection and -27.2% Fibonacci extension towards take profit level in line with 127.2% Fibonacci projection and previous swing low. Our bearish bias is further supported by the stochastic indicator where the %K line is abiding to the descending trendline resistance. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
1
GBPCHF potential for dip! | 15 Dec 2021Prices are on bearish momentum. We see potential for a dip from our sell entry at 1.22377 in line with 78.6% and 61.8% Fibonacci retracement towards our Take Profit at 1.21853 in line with 61.8% and 78.2% Fibonacci retracement. Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
GBP CHF Long IdeaGBPCHF has been in a steady downtrend for some time now. Sterling has been underperforming as of late however it does appear that there could be some movement to the upside soon. The price has fallen down to test the 1.2161 area that has acted as a support level before. The RSI indicators on the 4hr chart are oversold at 10. Tomorrow the Uk will reveal the YoY Inflation rate that will impact pound pairs across the board. The target for this trade is a retest of the descending trend line at 1.223 and the stop-loss area for this trade is at 1.208.
Long
by Orion-Markets
1
GBPCHF looking up 🦐GBPCHF on the 4h chart is testing 4h resistance near to the 1.23 level. The price after the attempt to break below the support area took the liquidity and now is pushing for a break. According to Plancton's strategy if the market will break above and satisfy the ACADEMY rules we will 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
12
GBPCHF is on bearish momentum! | 10 Dec 2021Prices are on bearish momentum. We see potential for a drop from our sell entry at 1.23586 which is an area of Fibonacci confluences towards our Take Profit at 1.22024 in line with 61.8% Fibonacci retracement. Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
GBPCHF bearish momentum! | 9th Dec 2021Prices are consolidating in a diminishing triangle. We see potential for a dip from our Sell Entry at 1.22065 in line with 50% and 23.6% Fibonacci retracement towards our Take Profit at 1.20194 in line with 61.8% Fibonacci extension and 161.8% Fibonacci Projection. Technical indicators are showing bearish momentum. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
1
GBPCHF,H4 | short-term bullish bouncePrice is abiding to the descending trendline resistance, signifying overall bearish momentum. However, we can expect a short-term bullish bounce from the pivot level in line with 61.8% Fibonacci projection towards 1st Resistance in line with 78.6% Fibonacci projection. Our bullish bias is further supported by the RSI indicator where it is abiding to the ascending trendline support. ny opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet