GBP-CHF
GBP/CHF Short ? Feel free to help the beginner.
I used BB in this chart. RSI is over 70, 200 EMA and SMA indicates downtrend.
GBPCHF IS LONGBased on enough support from the candles, GBPCHF is looking to become a long. Therefore, you should buy at 1.2865.
GBPCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.3249 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur to our major support at 1.2884 (38.2% Fibonacci retracement).
RSI (21) is also seeing a bearish exit where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.3249 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.2888 (horizontal pullback support, 38.2% Fibonacci retracement).
Stochastic (89,5,3) is approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
LONG GBPCHF approaching support, potential bounce!an hour ago
GBPCHF is approaching our first support at 1.2930 (horizontal overlap support, 23.6% Fibonacci retracement , 61.8% Fibonacci extension ) and a strong bounce might occur below this level pushing price up to our major resistance at 1.3120(horizontal swing high resistance ).
Stochastic (55, 5, 3) is approaching its support where a corresponding bounce could occur.
Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks
GBPCHF TO BOTTOM OF THE CONSOLIDATION BOXBREAK+RETEST OF ASCENDING TRENDLINE
61% RETRACEMENT , NOW EXTENSION!
Sell Setup on GBP/CHF, Bearish Cypher - Channel - TL ResistanceHere we have a nice setup on GBP/CHF after negative news around Brady Amendment and Brexit hit sterling. The left chart shows the daily TF with a bearish Cypher pattern, while the right chart shows a channel breakout to the downside after a Double Top pattern on the 4-hour TF. Notice the daily trendline resistance as well - strong selling signals here.
$GBPCHF - Range Deviation and Close Back InsideDownside coming for this pair, range fakeout, close back inside. Easily defined risk here - 3R play to 1.2725 but would consider holding this lower, definitely closing around 1.258xx - big consolidation area that led to breakout.
GBPCHF short opportunity I have set a sell limit at 31321 with an SL of 40 pips. we can see that bearish divergence has formed and we can expect price to reverse at this major supply zone.
GBP/CHFFX:GBPCHF
Just technical analysis... Fundamentally is GBP very unclear now. It could determine direction for long term...
There is beauty in simplicity...
gbpchf short opportunity gbpchf has reached a supply zone. we also see that there is bearish divergence indicating that the bullish momentum is slowing down and that there can be a trend change occurring soon.
AUDUSD Approaching Resistance, Potential ReversalAUDUSD is approaching its resistance at 0.7242 (76.4% Fibonacci retracement , horizontal swing high resistance) where it could potentially reverse to its support at 0.7147 (23.6% Fibonacci retracement , horizontal overlap support).
Stochastic (89, 5, 3) is approaching its resistance at 98% where a reversal could occur.
AUDCAD Approaching Resistance, Potential ReversalAUDCAD is approaching its resistance at 0.9574 (61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially reverse down to its support at 0.9464 (38.2% Fibonacci retracement, Horizontal swing low support).
Stochastic (89, 5, 3) is testing its resistance at 98% where a potential reversal could occur.
EURCAD Approaching Support, Potential BounceEURCAD is approaching its support at 1.5094 (61.8% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 1.5225 (23.6% Fibonacci retracement , horizontal swing high resistance).
Stochastic (21, 5, 3) is approaching its support at 5.3% where a corresponding bounce could occur.
EURJPY Testing Resistance, Potential ReversalEURJPY is testing its resistance at 125.06 (38.2% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse to its support at 121.86 (50% Fibonacci retracement ).
Stochastic (89, 5, 3) is testing its resistance at 98% where a corresponding reversal could occur.
AUDJPY Approaching Resistance, Potential ReversalAUDJPY is approaching its resistance at 78.79 (61.8% & 23.6% Fibonacci retracement, horizontal overlap resistance) where it is could potentially reverse down to its support at 75.75 (38.2% Fibonacci retracement).
Stochastic (55, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
EURJPY Testing Resistance, Potential ReversalEURJPY is testing its resistance at 125.06 (38.2% Fibonacci retracement , horizontal pullback resistance) where it could potentially reverse to its support at 121.86 (50% Fibonacci retracement ).
Stochastic (55, 5, 3) is testing its resistance at 98% where a corresponding reversal could occur.
GBP CHF BUY (POUND STERLING – SWISS FRANC)Hi there. A medium – longer term view for this 2019. Price should make one more up move to complete the pattern. But remember, trade with care because on 14 January there is parliament brexit vote. Price can go up or can go down. Let’s see how it behaves.
EURJPY Approaching Resistance, Potential ReversalEURJPY is approaching its resistance at 124.67 (61.8% Fibonacci extension, 38.2% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse to its support at 121.86 (50% Fibonacci retracement).
Stochastic (34, 5, 3) is approaching its resistance at 98% where a corresponding reversal could occur.
Nikkei Approaching Resistance, Potential Reversal!Nikkei is approaching its resistance at 20228 (61.8% Fibonacci extension, 23.6% Fibonacci retracement, horizontal pullback resistance) where it could potentially reverse down to its support at 19017 (100% Fibonacci extension, horizontal swing low support).
RSI (55) is approaching its resistance at where a corresponding reversal could occur.
