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GBP-CHF

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)
by MBL7
4
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.
Short
0
by Wiiso
2
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.
Short
by InkyGrip
💡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 ❤️
Short
by ForecastCity
15
💡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 ❤️
Short
by ForecastCity_World
11
GBOCHF a bounce at the 0.5 Fibonacci 🦐GBPCHF on the 4h chart after the last strong impulse got rejected by the weekly trendline. The market retraced at the 0.5 Fibonacci level and bounce over a support structure. According to Plancton's strategy, if the conditions will be satisfied we can set a nice long ordser. --–– 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
10
GBPCHF Remember This Chart? GBP Breakout Trade In MajorsWe had thought we had posted this chart yesterday again but we hadn't Anyway As per our HEAT MAP, You can see GBP has held first place for Many weeks now, & CHF along with JPY have been fighting between them as to which keeps last spot as the WEAKEST of the Majors. Our earlier PRICE Target were Met and EASILY EXCEEDED Keeping things simple we will be looking to stick in favour with the GBP strength narrative unless Price structure and our HEAT MAP tell us otherwise. Therefore we will be looking to enter on retracements back to current establish Support & new areas as they develop on the price chart.
Long
by seekingpips
What is going on in GBPCHF ?Trading suggestion: At the first, I suggest that you consider the areas I have identified! There is a possibility of a powerful retracement. that two bearish trends are so strong and I will show you in zoom out in the comment below why I said those are so powerful! If so, traders can set short orders based on Price Action and expect to reach short-term targets. Technical analysis: In a long term, GBPCHF is in a downtrend, and the continuation of the downtrend is expected. The RSI is at 87.60 on daily and 72 on weekly so I think even if GBPCHF wants to break the bearish trend first has to keep calm and fall a little and then keep going for rising ... Notice: in the other hand we have two news for GBP what the second one is Monetary Policy Report Hearings Your Support is very much 🙏 appreciated!❤️ *******Please show your support back, *******Hit the 👍 LIKE button, *******Drop some feedback below in the comment! Trade well, ❤️
Short
by navid97
GBPCHF POTENTIAL SCENARIOSGiven the recent market moves and macro economic factors surrounding the GBP, we have outlined two potential scenarios for GBPCHF given the current levels that are in play. The 1.22 level has not been broken since September 2019, if we see a bullish weekly close above the level as well as a retest, we can expect price to move (Long Term) to around the 1.27 region with areas of resistance coming it at 1.24. If price is to respect the 1.22 once again as previously done, we can expect price to push further back down to our 1.19 / 1.18 region once again. The first entry that was taken at 1.18 has been closed partially at 1.22, with currently 40% of the initial position running. (Stop Loss running at +200pips)
by umayrashrafi
2