GBP-CHF
GBP/CHF - FALLING WEDGE - BUYPOTENTIAL TRADE: GBP/CHF
I am looking to enter long on this currency pair for the following reasons:
- Falling wedge chart pattern is very evident.
- Re-test of the previous resistance structure
- Buying the descending trend-line.
- Buying support zone has been slightly violated. Discounted price for bulls.
If you found this idea useful, leave a like and follow me for more analysis and trading signals.
If you have any questions, feel free to ask in the comment question. I respond to all comments!
You must always use correct risk management when following any analysis.
Happy Trading!
GBPCHF SHORT TRADEGBPCHF retested broken uptrendline
Price rejected from key level and 50% Fibonacci level of preceding bearish wave at 1.2713
Below SMA 100
MACD shows bearish momentum
RSI is in downtrend
Price is based below HVN at level 1.2675 which indicates that pair is in distribution phase
It's expected for price going down towards demand zone at level 1.2531
GBPCHF Possible Short Scenario by ThinkingAntsOkUse this as a guide to develop your setup.
Main items we can see on the 4HS chart:
a)The main ascending channel has been broken
b)After the Breakout, a corrective structure was formed
c)Currently, we can see a Flag Pattern (continuation structure)
d)We expect a continuation of the bearish movement towards the next support zone
GBPCHF - FOREX - 03. FEB. 2020Welcome to our weekly trade setup ( GBPCHF )!
-
1 HOUR
Very bearish market open today
4 HOUR
Prices dropped towards our support zone and price turn area
DAILY
Overall bullish market and pressure with a big pullback to the downside
and great long entries now!
-
FOREX SETUP
BUY GBPCHF
ENTRY LEVEL @ 1.26310
SL @ 1.25770
TP @ 1.27390
RR: 2.0
Use 0.5% risk!
(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
Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2613). 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 40.
Take Profits:
TP1= @ 1.2530
TP2= @ 1.2475
TP3= @ 1.2360
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 (1.2613). 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 40.
Take Profits:
TP1= @ 1.2530
TP2= @ 1.2475
TP3= @ 1.2360
SL: Break Above R2
GBPCHF Long IdeaHi everyone I had an idea on going long on GBPCHF, here is my analysis:
Its obviously not news if I tell you that on Thursday the UK Parliamentary Elections will take place, which predicts a Tories majority, which is seen as bullish for the market.
For CHF, CHF is known to be a ''safe haven'' in Europe, so it would make sens shorting it against the GBP.
I am open to any opinions in the comments below, we are all here to help each other out and learn!
GBPCHF - Big drop ahead!Hey everyone, we should start off first with the fact that we broke major support. This shows a lot of weakness for GBP. We have also formed Head and Shoulders that we broke the neckline of, so the pattern is valid, meaning we will see a drop as big as the distance from the neck to the top of the head. We have a few support levels, that hopefully we will break, but taking profits on each of those won't hurt. Good luck!
GBPCHF - FOREX - 07. JAN. 2020Welcome to our weekly trade setup ( GBPCHF )!
-
1 HOUR
Bullish pullback towards previous H4 Highs
4 HOUR
At 71.8% Fibo level, strong resistance and sellers pressure area.
DAILY
Overall bearish market in a small bullish pullback, good short entries.
-
FOREX SETUP
SELL GBPCHF
1ST ENTRY @ 1.27890
2ND ENTRY @ 1.28180 (wait for trigger)
SL @ 1.28710
TP @ 1.27030
RR: 1.1 / 2.35
Use 0.5% risk per Entry!
(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