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GBP-CHF

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
> GBP/CHF Breakout high GBP Strength across the board SELL CHF <We have been only trading on the long side of GBP across several of the majors during the past few weeks and have had some of easiest timed trades focusing in one direction. A lot of money is lost by traders trying to trade both long and short especially within the same timeframe chart. A lot of the feedback we get from traders is how to identify the best pairs to trade, there is so many ways to identify the very strongest VS the weakest Currencies at any moment in time. Our Currency Heat Map is just one of the ways we are able to filter for the best currencies to pair up and trade. GBPCHF has been fairly predictable and easy to trade the past few weeks with GBP remaining in the top of the table and CHF consistently near the bottom. Price action has been very clean too. Although original stop loss being tagged by just a few pips on the 11th another very easy opportunity was given to us to renter on the 12/02/2021
Long
by seekingpips
GBPCHF: The price Back to ITS TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/CHF ⚪ Technical Analysis : Since the end of January 2021, the price has been following an interesting uptrend following its main trendline. On the 12th of February, a strong bullish impulse on the trendline, moved the price up breaking through the S/R zone at about 1.23700, reaching a strong weekly area at about 1.25500. The price is currently re-testing the same level and considering that this level rejected the price many times in the past, there is a possibility to see a clear bearish retracement. 🔴 Conclusion : The price has been moving with a strong uptrend since the end of December 2020, and now that it reached a really strong S/R zone, I'm confident to see an upcoming market reversal. I'll be waiting for a proper rejection on the current level before planning my short position on this trade and my target would be the next support zone or any point on the trendline at about the 0.50% of Fibonacci retracement. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
38
GBPCHF a bounce at the 0.618 🦐GBPCHF after the last strong impulse started a slow retracement move until the 0.618 Fibonacci over the previous support. According to Plancton strategy, if the conditions will be satisfied, 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.
Long
by InkyGrip
10
LONG GBPCHF TO 1.250 FOR AROUND 220 PIPS LONG GBPCHF TO 1.250 FOR AROUND 220 PIPS No nonsense approach simple clean price action trading all info in picture apart from the strategy (use your own SL according to your OWN risk management THIS IS NOT FINANCIAL ADVICE, MY OWN ANALYSIS FOR PERSONAL USE) Direct Message me for info. Follow and share for more clean ideas looking to make a change in all this guess work, want to make money and grow confidence when trading let me know. 82fx
Long
by EightyTwoFX
GBPCHF: The price is going back to its MAIN TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything ! 🟢 Forex Pair : GBP/CHF ⚪ Technical Analysis : Since the 10th of January 2021, the price has been moving following an interesting trendline, bouncing on it many times. Once it reached the S/R zone at about 1.21700, it got several rejections on that level, finally breaking through it on the 29th of January. It re-tested few times a strong weekly resistance zone at about 1.22800, creating every time a higher low. It is currently re-testing the same level and the next price action around this zone will be essential to understand the next market movement. 🔴 Conclusion : The price seems to be not really strong enough to break through the current resistance zone and considering that the level 1.22800 rejected the price many times in the past and few pinbars in the daily perspective, I'm confident to see it collapsing down until its main trend line and eventually the next support zone at about 1.21700 Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
12
Triangle at GBPCHFThe upward trend here continues. Now the price forms lower peaks, but at the same time we see lower bottoms. This means that buyers are still the stronger market participants and we expect that they can raise the price at least once more before we see an correction. The possibility is after the break of the triangle and we expect the price to reach: 1.2308 and 1.2365 If the previous bottom breaks, a reversal and a fall may follow! If you have questions about how to trade this or another situation, contact us! To support us, like and comment!
Long
by ForexTrendline
GBPCHF - WEEKLY ANALYSISGBPCHF - Follow the levels for upcoming week, based on trend lines and downside break down it is expected to go down from the current price. My approach will be a sell around 1.22500 Maintain stop loss around 1.23200 Potential downside target 1.21400 - 1.20900 Trade as per your risk appetite, I will be glad to see your likes & comment. Why you should follow this tradingview account ? Managed by top most renowned trader - Pulak Priyesh 10 + years of trading experience Professional Day trader Excellence award winning mentor Professional chart, clear chart without junks. Major S/R levels with inner insights Frequent Day & Swing trade levels All major and minor FX/INDICES covered. Thanks
Short
by Professor_GS