GBPCHF Hitting a Crucial ResistanceGBPCHF Hitting this extremely important resistance here going back one year all the way until July 2019.
This will be a pivotal for GBPCHF. It needs to show now if the bulls have enough strength to continue the recent uptrend that started after hitting extreme lows. We will find out by monitoring this level. If they can break through, we can expect a very bullish continuation. If they can't chances are that the bears will take over again and we will see a second downturn on GBPCHF.
I placed the suggestion for entering the trade a little bit above the current resistance to create confirmation of a breakout. The take profit is placed directly below an area of many trades as seen by the volume profile.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
GBP-CHF
GBPCHF - INTRADAY - 10. APR. 2020Welcome to our daily trade setup ( GBPCHF )!
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1 HOUR
Very slow sideways moving market structure
4 HOUR
Small Pullback to the downside and consolidation after taking out 1.191
OVERALL
Expecting another push to the upside.
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FOREX INTRADAY
BUY GBPCHF
ENTRY LEVEL @ 1.20430
SL @ 1.20210
TP @ 1.20840
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: Long term Bearish Megaphone. Buy/ Sell opportunity.The pair has been trading within a Bearish Megaphone pattern on the 1W chart (RSI = 42.637, MACD = -0.018, ADX = 36.624, CCI = -60.8239) since early 2018. The pattern has been making clear Lower Highs and Lower Lows with 3 weeks ago being its most recent Lower Low, which is now the Support (1.11000). The price is on a 3 week rebound since (all green candles), the MACD is making a bullish cross and we are expecting this rise to extend as high as the 1W MA200 (orange line). Technically every Lower High reached roughly the 0.786 Fibonacci of the previous High, but hitting the 1W MA200 is a solid place to sell.
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GBPCHF - INTRADAY - 07. APR. 2020Welcome to our daily trade setup ( GBPCHF )!
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1 HOUR
Bullish PA and pressure on small tf overall.
4 HOUR
Sideways waving market structure at range middle.
OVERALL
Great long entries following short/midterm trend, expecting a push to previous highs at 1.20350!
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FOREX INTRADAY
BUY GBPCHF
ENTRY LEVEL @ 1.19760
SL @ 1.19340
TP @ 1.20350
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
Rising Wedge Breakout 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 that the pair is currently in middle of the Support and Resistance. It has given a Rising Wedge Breakout. But since the trade has not yet retested and considering that its in middle of the Support and Resistance level our suggestion will be to wait for the confirmation.
Let us know your views on this in the comment section. Thank you all.
There is a good news for our followers. We will be doing analysis on demand. So let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Ryan.R.Lopes
GBPCHF Short Opportunity! GBP/CHF is currently trading below 200 day SMA, suggesting a downtrend.
There is a clear head and shoulder pattern as shown in the chart - opportunity to short at the 1.189 neckline level if trend is confirmed by H4 candle.
Please let me know what you think of this idea - I'd love to hear your thoughts!
Short GBP/CHF Alligator Position SL - 1.20827 TP - 1.16886FX:GBPCHF was in an uptrend until I saw another position to take as lips came below teeth on the 4H
I decided to take this position with the stop loss at a recent resistance
Entry: 1.19386
SL - 1.20827
TP - 1.16886
Thanks for liking and agreeing with my ideas, means a lot to be able to show my analysis as I am only still learning the ins and outs
Strong Daily Resistance and Bearish Bat I think bulls are getting exhausted now and time for some downtrend.
You can see my reasons at the chart. 4h MA200 also there and I think it will resist too.
I'm gonna short it if the uptrend line is gonna broken at 15m time frame or if I see a nice candlestick pattern as a signal.
Good luck all...
GBPCHF Trading At Resistance LevelGBPCHF is consistently trading in rising wedge pattern from its bottom to the current price level, pair is facing some resistance from which we might see some price pullback and breakout of rising wedge pattern on the downside for downside target will be supporting zone level as you can see in the chart and if the pair manages to break the resistance we can see further trade continuation for a longer-term.
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Note Trade With Proper Risk Management System Only
Thanks
Swing short Judging by my indicators and the candle formation I can see this pair running out of steam.
The bears are creeping in for a beautiful swing short.
Once we hit the TP we intend to ride the recovery wave back to the top for a weekly swing long.
Happy trading all!!
Stay inside, wash your hands and get tho's pips!
P.A.E.N
GBPCHF - INTRADAY - 31. MAR. 2020Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Bearish market open and pressure.
4 HOUR
Prices broke 1.19000 and instantly started to pullback.
OVERALL
Break and close of psychological turning area done, freefall with pretty high chances now!
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FOREX INTRADAY
SELL GBPCHF
ENTRY LEVEL @ 1.18700
SL @ 1.19230
TP @ 1.17940
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 RSI Bearish Divergence! [QUICKUPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
We just got a very strong rejection on GBPCHF after the price made an RSI Bearish Divergence. This means that a temporary top might have been printed, and a new bearish downtrend can start.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.
- Trading Guru
--------------------------------------------------------------
Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
GBPCHF SHORT TRADEGBPCHF is based below supply zone at level 1.1569
and below HVN at level 1.1601 which indicates that pair is in distribution phase
Price is below SMA 100 H1 frame
MACD shows bearish momentum
RSI is below level 50
we r waiting to break support level 1.3880 to open short trade to target demand zone at level 1.1115