GBP-CHF
GBP/CHF Weekly Forecast (27th July - 31th July)Weekly swing trade on the GPB/CHF. The price is at the bottom of the channel, in case of a breakout, a trade with a great return risk ratio can be opened. The weakening of the pound is expected on a fundamental basis. (failure of customs negotiations with the EU.
GBPCHF - Buying dips towards the lower end of the channel GBPCHF is Bullish - We look to Buy at 1.1780
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Trading within a Bullish Channel formation.
▪️ We have a 78.6% Fibonacci pullback level of 1.1776 from 1.1732 to 1.1937.
▪️ Bespoke support is located at 1.1780.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.1780, resulting in improved risk/reward.
Stop: 1.1745
Target1: 1.1915
Target2: 1.1935
REJECTION SETUP now we can see the POC become strong resistance we expect rejection to the HVN as support level to back to the up trend retest it or cross it
as shown on the chart
GBP LONG AGAINThe price has pulled back to similar entry the last time I traded this pair. I’ve taken a long position on this hourly double bottom. Looking for continuation long.
GBPCHF H1Price broke out of rising wedge pattern & uptrend structure after a double top formation was made at 1.19000.. Will be watching for a pullback to retest previous support as new resistance & create a lower timeframe lower high, for the a continuation down to support.
Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.18200). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 1.18950
TP2= @ 1.19517
TP3= @ 1.20280
TP4= @ 1.21220
TP5= @ 1.22000
SL= Break below S2
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Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.18200). 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 1.18950
TP2= @ 1.19517
TP3= @ 1.20280
TP4= @ 1.21220
TP5= @ 1.22000
SL= Break below S2
❤️ 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 do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BULLISH FLAGFinally the INVERSE AND SHOULDERS is broken and we have a another chart pattern formed on the NECKLINE in expectation of the retest giving us a FLAG pattern which signifies the bulls are currently in the market
Just leave me a comment in the comment section and tell me what your thoughts and also a thumbs up if you go with me
GBPCHF H4Another good pair with a lot of upside potential, as price previously broke out of the falling wedge trend reversal pattern. Price is now forming an inverse head on shoulders bullish trend pattern. Watching for a breakout of the resistance zone above to confirm that price will create a new higher high & continue the new uptrend.
GBPCHF ANALYSISGBPCHF broke major downtrendline
Pair is supported above demand zone at level 1.1745
and based above HVN at level 1.17777 which indicates that pair is in accumulation phase
Above SMA 100
It's expected for coming bullish movement to target supply zone at level 1.2010
GBP/CHF Weekly Forecast (8th July - 10th July))Possible swing trade on the GBP/CHF. Head and shoulders formation has emerged, in case of neckline break I expect a larger movement in the long direction.The next key level is far enough , with a great yield risk ratio. Good opportunity for a trade with a great risk-reward ratio, because the next key level is far enough.
GBPCHF LONG POSITIONThis is a trade idea for the gbpchf where we are looking for the break out the demand zone a push to the up side and then a on the retest of the previous resistence level acting as a new support level. i have highlighted three possible take profit levels.
GBPCHF - SWING - 06. JULY. 2020Welcome to our weekly trade setup ( GBPCHF )!
-
1 HOUR
Market turning bearish again.
4 HOUR
Fake pullback to previous highs, expecting some downside pressure.
DAILY
Overall bearish market at its top about to drop.
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FOREX SWING
SELL GBPCHF
ENTRY LEVEL @ 1.17510
SL @ 1.18150
TP @ 1.16530
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPCHF Long Trade PlanHello guys, here is the trade plan for GBPCHF. Wait for the breakout and retest to go long. Let me know in the comment section if you guys have any questions. If you guys like my analysis please hit like and follow. Thanks.
GBPCHF BUY SETUP BUILDING UP - ANALYSISGBPCHF has a break above the wedge channel but yet rejected at the resistance point. We will only enter trad after strong confirmation. Let it retest the support at 1.8165 level to target the 1.2200 points with stop loss at 1.6200 points. Use proper risk management and money management principles.
GBPCHF: Multi Time Frame Analysis & Trading Plan
hey guys,
GBPCHF is trading above a key daily structure resistance 1.175.
on 4H the price is contracting within a falling wedge pattern and it looks like soon the above-mentioned structure will be retested.
it will most likely trigger a buying reaction and will give us a perfect opportunity to jump in.
for confirmation, we will wait for a bullish breakout of a falling wedge on 4h (candle close above).
if this condition is met, the price will most likely start growing.
the initial target will be (but remember that we have a great potential for further continuation):
1.182
in case of a bearish violation of the wedge, setup will be invalid.
