SELL IN GBPCHFHello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into the analysis.
As we can see, the price is inside descending channel. One can take a sell trade.
Let us know your views on this in the comment section. Thank you all.
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Ryan.R..Lopes
GBP-CHF
GBPCHF UPDATE! This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
GBPCHF - SWING - 09. JUNE. 2020Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Bearish break below main sr level.
4 HOUR
Overall bearish market now about to push further!
DAILY
Expecting a push to previous lows, good short entries.
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FOREX SWING
BUY GBPAUD
ENTRY LEVEL @ 1.20930
SL @ 1.22380
TP @ 1.18950
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
GBPCHF AnalysisGBPCHF is flirting with 1.21 once again, we've seen multiple rejections of this area so once again we are looking for sells for a low risk high reward setup. Fundamentally, we could see a second wave of covid due to the current protests. A lot of countries are also claiming lockdown measures are being lifted too soon. These rhetorics are causing a lot of uncertainty and this is yet to be reflected short term in currency markets as the last week of trading the mood has been very 'risk-on'. The markets are being very single minded and focusing on happier days ahead in a post lockdown world, ignoring the current crisis'. Longer term we are looking to buy the Sterling against safe haven assets but we believe we could see a dip lower before executing these positions, which can also be reflected from the COT positioning of hedge funds.
GBPCHF - Buying dips towards support at 1.1875 GBPCHF is Bullish - We look to Buy at 1.1875
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Price action looks to be forming a bottom.
▪️ Bespoke support is located at 1.1875.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.1875, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 1.1850
Target1: 1.1940
Target2: 1.1980
GBPCHF LONG TRADEGBPCHF broke major downtrendline
Price broke upper edge of triangle pattern
Price is based above HVN at level 1.1839 which indicates that pair is in accumulation phase
Above SMA 100 on H1 frame
MACD shows bullish momentum
It's expected for coming bullish wave to target key level 1.2110
Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.1885). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Take Profits:
TP1= @ 1.1715
TP2= @ 1.1578
TP3= @ 1.1417
SL: Break Above R2
Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.1885). 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 below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 42.
Take Profits:
TP1= @ 1.1715
TP2= @ 1.1578
TP3= @ 1.1417
SL: Break Above R2