GBPCHF on a rising trendline | 23 July 2020 GBPCHF is on a rising trendline and could bounce higher !
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GBP-CHF
GBPCHF on a rising trendline | 23 July 2020GBPCHF is on a rising trendline and could bounce higher !
Thanks everyone for tuning in to today's analysis . If any part of this video is unclear, please ask me for in the comment section below. If you found today's video useful in any way, please "like" this video and leave a comment on what currency pair you'd like me to analyze next too.
Until next time, see ya!
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
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
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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.
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 - 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!)
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Have a great week everyone!
ALAN