GBP-CHF
GBPCHF - FOREX - 03. FEB. 2020Welcome to our weekly trade setup ( GBPCHF )!
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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!
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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 )!
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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.
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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
Is the Top In For GBP/CHF?PrimeXBT is here again with another professional analysis breakdown, and today we are taking a look at GBPCHF.
Last week’s bearish engulfing candle suggests we may have seen a significant-top on the GBP/CHF . Which is interesting, as is suggests that we’re headed towards a hard Brexit.
During an atmosphere of intense trade tension, Brexit, Presidential impeachment and slowing global growth, investors can’t be blamed for wanting a lifeboat. The Swiss Franc is usually it. Even with some of the lowest interest rates in the world, the currency has strengthened consistently against all of the currencies in Europe during difficult times.
With the election now out of the way, Sterling should continue to find dip buyers in the short-term, although the medium to long-term outlook for the British Pound remains cloudy. Still, GBPCHF's success to hold above the trendline is worth noting.
In the near term, the Relative Strength Index on the GBPCHF chart is flashing signs of bullish divergence, and some growth is expected from the support zone or 0.5 Fibonacci level with the target of 0.236 level or its ex-support zone.
If the price breaks this subjective key resistance level, a continuation of the uptrend will be confirmed and we’ll have to search for new buying opportunities based on the same level.
Alternatively, in case it breaks below a key support level, the downtrend will be confirmed.
Key Support Level: 1.2677
Key Resistance Level: 1.2929
Share your thoughts about this trade idea in the comments section below, and remember to stay tuned for future technical analysis, news, updates, and more from PrimeXBT.
GBPCHF SS Short + 80 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
BO Entry = 1.2813
Stop = 1.2838
Risk = 25 pips
Profit target = 1.2733 (the projected daily low)
Reward = 80 Pips
RRR = 3.2 - 1
I would appreciate if you leave a comment or like as a thank you
Allen
GBPCHF - FOREX - 17. DECE. 2019Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Very bearish drop towards previous support zone.
4 HOUR
Overall bullish waving market with strong price action.
DAILY
Bullish market at its support, great long entries!
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FOREX SETUP
BUY GBPCHF
1ST ENTRY @ 1.30410
2ND ENTRY @ 1.29680
SL @ 1.28390
TP @ 1.32620
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
GBPCHF - FOREX - 12. DECE. 2019Welcome to our weekly trade setup ( GBPCHF )!
-
1 HOUR
Very bearish drop towards our support zone.
4 HOUR
Prices taking out long holders before forming new highs or a double top.
DAILY
Bullish trend with a pullback, good long entries!
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FOREX SETUP
BUY GBPCHF
1ST ENTRY @ 1.28850
2ND ENTRY @ 1.28500 (wait for trigger)
SL @ 1.27880
TP @ 1.29910
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
GBPCHF - FOREX - 03. DECE. 2019Welcome to our weekly trade setup ( GBPCHF )!
-
1 HOUR
Bearish drop and price movement towards previous support.
4 HOUR
Prices at support zone and price average trend.
DAILY
Overall bullish market with a strong pullback.
-
FOREX SETUP
BUY GBPCHF
1ST ENTRY @ 1.28340
2ND ENTRY @ 1.28050 (wait for trigger)
SL @ 1.27540
TP @ 1.29210
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