GBP-CHF
GBPCHF facing bearish pressure, potential for further downside!Prices are facing bearish pressure from 1st resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push down towards horizontal swing low support in line with -27.2% Fibonacci retracement and 100% Fibonacci extension. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 100% Fibonacci extension. EMA is also above prices, showing a bearish pressure for prices.
Triangle pattern on GBPCHFIn the beginning of the month GBPCHF managed to breakout of it's downtrend.
Now we see lower highs and higher lows, which closes price action inside of a triangle pattern.
We are now waiting for a breakout and an upside move.
A confirmed breakout would be price closing above previous high, and then we can see price reaching 1,2900!
Any entries before that are and unreasonable
GBPCHF continues with his ascentMy Marketmiracle advisor generated a LONG input signal for GBPCHF
Looking at the graph effectively the situation is compatible with the forecast of the advisor, GBP will continue in my opinion to appreciate, bounce on the trendline until to break the support and to climb until the double that is until 1,2845 approximately.
The market sentiment is just negative and at this level will certainly not put in trouble the ascent.
This idea is based on a signal generated by the advisor Marketmiracle, down on this page you will find the link to the page of signals of the advisor that you can see for free without any cost or registration
GBP/CHF: RANGE AREA WITH BEARISH PATTERN - SHORT SETUP 🔥 🔔Welcome back Traders, Investors, and Community!
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GBP/CHF : PRICE ACTION IN DAILY TMF - PRICE IS GROWING ! ! ! 🔔Hello Everyone, I hope you'll Appreciate our Advanced Analysis on Price Action !
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GBPCHF on a bullish move 🦐GBPCHF after the recent low started a bullish impulse.
The market is now testing the upper trendline of a descending channel and according to Plancton's strategy if the price will break above we can 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.
Leave a comment that is helpful or encouraging. Let's master the markets together
GBPCHF will test the weekly support? 🦐GBPCHF on the 4h chart is moving inside a descending channel.
The market is testing now the support area at 1.25900 and according to Plancton's strategy if the price will break below we will set a nice short 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.
Leave a comment that is helpful or encouraging. Let's master the markets together
GBPCHF a bear trap 🦐GBPCHF after a few tests of the support area attempt to break below creating a bear trap with a false breakout.
The price is now moving in a bullish price action and according to Plancton's strategy if the market will break above the resistance area we will set a nice long order according to Plancton's strategy.
--––
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 facing bullish pressure, potential for bounce!Prices are facing bullish pressure from ascending trendline support and horizontal swing low support in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push up towards 1st resistance in line with horizontal swing high resistance, 100% Fibonacci extension, and -61.8% Fibonacci retracement. If prices fall through 1st support, prices might take support from 2nd support which is a horizontal swing low support, in line with 50% Fibonacci retracement and 127.2% Fibonacci extension. EMA is also below prices, showing a bullish pressure for prices.
GBPCHF - DAY TRADE VIEWGBPCHF - Momentum is in favour of buyers & as per the trend analysis, technical indicators it's a good buy.
My approach will be a buy here at current price 1.27700
Maintain stop loss around 1.27050
Potential upside 1.28600 - 1.29300
Trade as per your risk appetite, I will be glad to see your likes & comment.
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GBPCHF on a bullish move 🦐GBPCHF after the test of the weekly resistance at the 1.31 area has bounced over the lower trendline of the a descending channel.
The price is moving for a test of the resistance structure and according to Plancton's strategy if the price will break above we will set a nice long order opportunity.
--––
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.
Likely to short this ,in a range now on h4....
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