GBP-CHF
GBPCHF - SWING - 14. DECE. 2020Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Bullish reaction after breaking below main sr level.
4 HOUR
Price about to follow midterm trend, good short entries!
DAILY
Expecting further drop towards previous support zone.
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FOREX SWING
SELL GBPCHF
ENTRY LEVEL @ 1.18930
SL @ 1.19580
TP @ 1.17180
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBP Buy a Break setup.GBPCHF - Intraday - We look to Buy a break of 1.1983 (stop at 1.1956)
Daily signals are mildly bullish.
A lower correction is expected.
A break of 1.1980 is needed to confirm follow through bullish momentum.
Our bias remains bullish and further upside is expected to target resistance at 1.2060.
Our profit targets will be 1.2058 and 1.2087
Resistance: 1.1980 / 1.2000 / 1.2060
Support: 1.1940 / 1.1915 / 1.1900
GBPCHF Sell the top.GBPCHF - Intraday - We look to Sell at 1.2178 (stop at 1.2201)
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Bespoke resistance is located at 1.2000.
Pivot resistance is at 1.2193.
Our outlook is bearish.
Our profit targets will be 1.2111 and 1.2071
Resistance: 1.2130 / 1.2160 / 1.2175
Support: 1.2100 / 1.2080 / 1.2050
GBPCHF LONG SETUPGBPCHF hit a 4 hour uptrend bottom before breaking down a consolidation area, we see that it is already reversing, heading for the resistance of the consolidation(tp1)..We can place a safe stoploss some pips below the 4h bottom that was formed, or a tight one below the 15m higher low that was formed. During the trade we secure profits on the marked areas, which consist of support and resistance areas.
GBPCHF in ascending triangle.GBPCHF - Intraday - We look to Buy a break
Daily signals are mildly bullish.
We are trading within a Bullish Ascending Triangle formation.
Pivot resistance is at 1.2204.
A break of yesterdays high would confirm bullish momentum.
Trading within a Bullish Channel formation.
Our profit targets will be 1.2288 and 1.2318
Resistance: 1.2170 / 1.2200 / 1.2250
Support: 1.2150 / 1.2120 / 1.2100
💡 Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2153). 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 31.
Take Profits:
TP1= @ 1.2100
TP2= @ 1.2055
TP3= @ 1.2015
TP4= @ 1.1985
TP5= @ 1.1924
SL: Break Above R2
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💡 Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2153). 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 31.
Take Profits:
TP1= @ 1.2100
TP2= @ 1.2055
TP3= @ 1.2015
TP4= @ 1.1985
TP5= @ 1.1924
SL: Break Above R2
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GbpChf a break up or rejection?If Gbp strengthen this long time resistance on D1 will see a break up, if not pullback will be coming soon...
Watching it first...
#shadowingthebigboys
#trading
#forex
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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GBPCHF looking for bears 🦐GBPCHF after hitting the 1.22 level on a monthly resistance and a descending trendline, started a bearish move.
The price retraced up, touches the 0.618 inside a minor channel and turn over the 0.5 fib level.
IF the market will break below the support structure and consequently break the ascending channel we will set a nice short 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.
Leave a comment that is helpful or encouraging. Let's master the markets together.
GBPCHF Gains to be extended today.GBPCHF - Intraday - We look to Buy a break
Daily signals are mildly bullish.
50-hour EMA is at 1.1996.
We look for gains to be extended today.
Our bias remains bullish and further upside is expected to target resistance at 1.2160.
We can see no technical reason for a change of trend.
Our profit targets will be 1.2159 and 1.2188
Resistance: 1.2090 / 1.2130 / 1.2170
Support: 1.2025 / 1.2000 / 1.1970
GBPCHF - TRADE ANALYSISGBPCHF - Parallel channel breakdown is there on the daily chart , expected move is in the downtrend.
My approach will be a sell position in the range 1.20400
Maintain stop loss around 1.21000
Potential downside target 1.9300 - 1.18800
Follow the levels as mentioned
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💡Don't miss the great sell opportunity in GBPCHF Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.2160).
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 50.
Take Profits:
TP1= @ 1.2067
TP2= @ 1.2020
TP3= @ 1.1960
TP4= @ 1.1900
TP5= @ 1.1800
SL: Break Above R2
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. . . . . Please show your support back,
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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 Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1.2160).
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 50.
Take Profits:
TP1= @ 1.2067
TP2= @ 1.2020
TP3= @ 1.1960
TP4= @ 1.1900
TP5= @ 1.1800
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 ❤️