GBP-CHF
GBPCHF - Bear Run Started?GBPCHF could be on the verge of a bear run. But first, we require a break of the zone indicated and the long term ascending trendline.
Wait for an impulsive break and the bearish correction before getting in. We're anticipating GBP weakness overall.
Goodluck and trade safe!
GBPCHF - Bear Run Started?GBPCHF could be on the verge of a bear run. But first, we require a break of the zone indicated and the long term ascending trendline.
Wait for an impulsive break and the bearish correction before getting in. We're anticipating GBP weakness overall.
Goodluck and trade safe!
💡Don't miss the great sell opportunity in GBPCHFTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.30000).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPCHF is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 30.
Take Profits:
TP1= @ 1.29640
TP2= @ 1.29070
TP3= @ 1.28500
TP4= @ 1.27900
TP5= @ 1.27000
TP6= @ 1.25700
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in GBPCHFTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.30000).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPCHF is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 29.
Take Profits:
TP1= @ 1.29640
TP2= @ 1.29070
TP3= @ 1.28500
TP4= @ 1.27900
TP5= @ 1.27000
TP6= @ 1.25700
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPCHF will break above? 🦐GBPCHF is moving inside a descending channel.
The market is now testing the upper trendline after the tet of the support area.
According to Plancton strategy if the market will break above 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.
GBPCHF: Be Prepared For The Next Swing Move
GBPCHF is currently consolidating in a local horizontal trading range.
Taking into consideration that the pair is trading in a long term bullish trend,
chances are high that at some moment the market will start growing again.
To catch the next wave, wait for a breakout of the underlined horizontal resistance.
It will be your trigger to catch a trend following trade.
Next goal will be 1.315
Please, support my work with like and comment!
GBPCHF REQUESTED LONG TERM ANALYSIS - Waiting for price to complete M formation around either a) the orange zone or b) (more likely) the blue zone
- Looking for price action confirmation around these areas on the 4hr timeframe before entering long
- Price to retest the neckline of the M formation to complete it.
- If momentum is strong and price is able to break above through the neckline and retest it and give us price action confirmation, we could finally see GBPCHF being bullish and move upwards towards the green key target levels.
- Patience is key here - adjust analysis as price plays out (be reactive and not predictive)
GBPCHF Help!!!As you can see from the chart above price has broken an upward move and is now retracing, i have identified 2 areas which are confusing me as do when to enter, should i look for entry at 1 or hold out to area 2 which is also the origin area of the last upward push?
any advice is greatly appreciated
GBP/CHF MONTLY BEARISH PATTERN!!!In the monthly we have a price that is over extended. The price is currently rejecting a supply area. As well we have a over extended W formation, so we can expect the price to complete the pattern with a rejection to the w previous leg. if we take fibonacci from low to high we can see that the fibonacci .618 level is align perfectly with estructure. We just have to make sure that the M,W and D time Frames are in the same direction before taking any action.
GBPCHF on a retracement move 🦐GBPCHF on the 4h chart after the last strong bullish impulse reached the weekly descending trendline.
The market starts a retracement move and currently is trading above a minor support area.
According to Plancton's strategy If the market will break below and the conditions will be satisfied 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.
gbpchf DAILY if daily candle closes under previous daily support i will look for the retracement to continue down to next daily support. If it closes ABOVE, i will look for a continuation to our buy target which is our weekly zone and fibonacci expansion zone. im bullish on this pair but each green line (daily zones) could be small pullbacks.
💡Don't miss the great sell opportunity in GBPCHF". There is still a possibility of temporary retracement to suggested resistance line (1.2863).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPCHF is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 35.
Take Profits:
TP1= @ 1.2781
TP2= @ 1.2755
TP3= @ 1.2698
TP4= @ 1.2631
TP5= @ 1.2533
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great sell opportunity in GBPCHF". There is still a possibility of temporary retracement to suggested resistance line (1.2863).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPCHF is in a range bound and the beginning of downtrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 35.
Take Profits:
TP1= @ 1.2781
TP2= @ 1.2755
TP3= @ 1.2698
TP4= @ 1.2631
TP5= @ 1.2533
SL: Break Above R2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex trader?
Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️