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GBP-CHF

GBPCHF SS Potential Type 2 Short TradeThis is half Trade Analysis and Half Educational : Interesting Action on the GBP pairs today. GBP has been strong for 4 days now, which we have to respect. However all the pairs are showing signs of topping out. Unfortunately, they have not set-up potential Homerun trades (where we can trade the top). Currently, all the pairs, except GBPCHF and GBPUSD, are above their Daily Kejun Sen. All of the pairs are above their 60 min KS and clouds, and all are below their 15 min KS, but above their clouds. Because of the topping price action, I won't take a long but have to respect that price can go up. The best short, imho, is GBPCHF, which is below it's Daily KS, and has a flat cloud on the 60. If it closes below the 60 KS at 1.88771, it could potentially resume it's downtrend. That said, here are the trade parameters: Entry = CLOSE below 1.1875 Stop = ?? Risk = 25 pips 1st Profit target = 1.17480 Reward = 127 RRR = 5-1
Short
by AGold54
4
GBPCHF - ABCD Pattern - Intraday Setup - 20th August!I'm going short with this pair. Goodluck! Trading Foreign Exchange Currency Pairs and Contracts For Difference on margin carries a high level of risk to your capital. These derivatives may not be suitable for all investors. The information contained here is general in nature, provided without reference to your past, present or future financial situation. This information is general in nature and does not constitute advice or a recommendation to act upon the information or an offer.
Short
by TrongLeLegacy
GBPCHF basing and move higher?GBPCHF is showing an interesting sign or perhaps a reversal on the 4 hour chart. I must admit to be careful though due to the market volatility and geopolitical tensions...Swiss Franc is a safety play. We have had a prolonged downtrend with lower highs and lower lows. We then began to range, displaying 2/3 market movements. We broke above a resistance/flip zone at 1.1780 zone and it was a strong candle stick break. This also confirmed a higher low swing at 1.1730. Seems now we are retesting that break, and I would not await for this re-test and a break above the recent highs of 1.1840 which would also confirm a new higher low. Again, just be cautious with Swiss pairs.
Long
by Uncharted-FX
GBPCHF SS Short + 90 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. 2 Potential entries (it is one or the other, not both) Entry = 1.1938 Stop = 1.1958 Risk = 20 pips Profit target = 1.1848 ( The projected daily low ) Reward = +90 Pips RRR = 4.5 -1 2nd Entry = 1.1885 Stop = 1.1910 Risk = 25 pips Profit target = 1.1810 Reward = + 75 Pips RRR = 3-1 I would appreciate if you leave a comment or like as a thank you Have a great week ! Allen
Short
by AGold54
4