> 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
GBP-CHF
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
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 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
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
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!
GBP/CHF BreakoutAs previously reported on GBP/CHF this is breaking above the resistance. If this closes above resistance then look for a retrace to support before entering a long. TP is 1.25320 which is the next resistance level. Use 4HR and 1HR timeframes and MACD and EMA to help time the entry. I will make another idea with shorter timeframes if this starts to retrace to support.
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
GBPCHF: Important Breakout & Bearish Outlook
GBPCHF formed a cute h&s formation on a strong horizontal 4H structure.
Its neckline was just broken and now the hourly candle closed below that.
Taking into consideration that we remain bearish biased on the pair from last week,
chances are high that the market will drop.
Intraday goals:
1.2105
1.20853
GBPCHF: An upcoming MARKET REVERSAL!Hi 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 December 2020, the price has been following a strong bullish movement, bouncing and keeping the price over the main daily trendline.
One week ago it reached an important weekly resistance zone, that rejected the price many times in the past and it has currently re-testing the same area.
🔴 Conclusion :
Considering the daily and weekly time frame, the current level rejected the price many times and there is good chance to get another rejection.
Aggressive traders would probably entry short soon, but I feel more conservative and I'll be waiting the breakout of the main trendline before planning my short position.
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
GBPCHF - DAY TRADE VIEWGBPCHF - On hourly candles & chart it's approaching a stiff resistance zone , it should drag down
Go sell here at 1.21200
Maintain stop loss around 1.21600
Potential downside target 1.20400
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
💡Don't miss the great sell opportunity in GBPCHFTrading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.21360).
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 41.
Take Profits:
TP1= @ 1.20530
TP2= @ 1.19840
TP3= @ 1.19180
TP4= @ 1.18110
TP5= @ 1.16850
SL: Break Above R2
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. . . . . 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 (1.21360).
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 41.
Take Profits:
TP1= @ 1.20530
TP2= @ 1.19840
TP3= @ 1.19180
TP4= @ 1.18110
TP5= @ 1.16850
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 looking for a retracement 🦐GBPCHF after the attempt to break the 1.21750 level rertaced back.
The market is now testing the trendline of the ascending channel and IF the price will break below we can look for a test of the 0.5 Fib level.
--––
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.