GBP CHF H4 Short NOW!Short now & take stoploss at hightest D1; TP: your our :)
Goodluck & Safe trading!
GBP-CHF
EURUSD crosses 1.1600 levels.The EURUSD pair has rallied close to 180 pips after printing lows at 1.1432 levels recently. Please note that EURUSD bulls took off two resistance till now, at 1.1550 and 1.1600 levels respectively. Looking at the wave structure, Wave A and Wave B are already in place and Wave C is now progressing, and could unfold into 5 waves at the same degree. At this point in time we are close to terminating a lower degree Wave i which might have terminated at 1.1609 today. If the above structure holds well, we could see a corrective drop (3 waves) towards 1.1500/50 levels as Wave ii, before the rally resumes and accelerates higher. It could be a safe trading strategy to add long positions on dips.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
EURUSD bulls seem to be in control nowThe EURUSD pair has raised to 1.1570 levels since printing lows at 1.1432 levels earlier this week. Please note that the pair has taken out price resistance at 1.1550 levels and is now seen comfortably trading into the buy zone of the immediate trendline resistance. Looking into the wave structure, we believe Waves A and B are now in place with Wave B termination seen at 1.1432 levels. If this holds well, prices should stay above 1.1432 levels going forward and continue higher towards 1.1830 resistance for now.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
Gold could re-test $1180/82 levels before rallyingLooking at the price action and wave structure for Gold at this point in writing, the yellow metal seems to be drifting sideways $1183 and $1192 levels. It could be unfolding a potential triangle or flat before a last drop lower into $1180/81 region. This could complete a 3-3 wave count and then give way to a 5 wave rally towards $1250/70 levels, finally completing a 3-3-5 wave structure as the last leg of correction. To simplify, Gold medium term bullish structure could still remain intact until prices stay above $1180.00 levels going forward. On the flip side, a drop towards $1172 could be possible which delays matters for the proposed rally.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
GBPCHF approaching support, potential bounce! GBPCHF is approaching our first support at 1.2894 (horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracement, ascending channel support) and a strong bounce might occur above this level pushing price up to our major resistance at 1.30909 (horizontal overlap resistance, 78.6% Fibonacci retracement).
Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (89) is also approaching our ascending support lien and a bounce above this level might see a corresponding rise in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
AUDUSD needs to break above 0.7085 to confirm bottom in placeThe AUDUSD hourly chart remains constructive for an expanded flat wave count that was presented on Friday. The price action until now could be suggesting that AUDUSD might have terminated Wave A at 0.7313 levels earlier. Also it could be possible that the Aussie Dollar has terminated its Wave B at 0.7040 lows made on Friday, or it could be very close to terminating Wave B around 0.7020/30 levels. If this wave structure holds good, we could see prices rally sharply as Wave C unfolds. The suggested price targets for Wave C could be above 0.7313 levels at least. Ideally Wave C could terminate through 0.7500 levels in medium term.
Disclaimer:
This written/visual material is comprised of personal opinions and ideas. The content should not be construed as containing any type of investment advice and/or a solicitation for any transactions. It does not imply an obligation to purchase investment services, nor does it guarantee or predict future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability for any loss arising from any investment based on the same.
GBPCHF LongRiding the recent bullish momentum on GBP after Ireland declared support to Theresa May's Brexit plan. Buying with TP near 1.30 (68.2 fib level) and SL @1.28651 (previous period 68.2 fib level).
www.express.co.uk
Daily:
Weekly:
Confidence: B (more likelihood of reversal because of strong downtrend on higher time frame -- aka I might have gotten too excited and entered early. Best to wait and enter by next week, but oh well..)
GBPCHF LONG OPPORTUNITY The bearish daily trendline has finally been broken and re-tested.
This pair has found clear support and is off to the races.
I have placed my stop behind a clear demand zone.
Looking for a push higher to the next clear resistance area which stops just after 50% retracement.
GBP/CHF, ShortThe pair has reached the 50% retracement which is very close to an important resistance line. It would be ideal if we can have a rejection bar on the daily chart today or tomorrow.
GBPCHF / H1 / Technical analysisMarket has reached a strong resistance daily level
Rising wedge on H1
Bearish divergence on RSI
ENgulfing on H4
GOOD LUCK
Trade green
GBPCHF approaching resistance, potential drop!GBPCHF is approaching our first resistance at 1.2798 (horizontal swing high resistance, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.250 (horizontal swing low support, 100% Fibonacci extensions).
Stochastic (89,5,3) is approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Long trade GBP/CHF 4HThe GBP is very strong at the moment and has given us a new long trade @ 1.2759 after it has broken out of the downward channel with our first profit target @ 1.2888. trailing stop is 258 points. We adjust our stop loss target as the trade develop and will only close part of our trade at the P1
1W Channel Down intact. New Lower High. Short.GBPCHF is trading within a 1W Channel Down (RSI = 39.458, MACD = -0.016, Highs/Lows = -0.0058, B/BP = -0.0282) and just made a new Lower High (1D borderline neutral, MACD = 0, Ultimate Oscillator = 50.989). We are short again with TP = 1.22511.
GBPCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.2798 (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.2630 (horizontal swing low support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching our major resistance and seeing a bearish divergence where a reaction off this level 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 - Long - AnalysisPrice presented a bullish engulfing on the daily chart, made higher high and higher low. Waiting for the price to break the consolidation to go long!
GBP/CHF (Daily Chart) - Small Bull Flag FormingAfter a long decline and finally hitting some support, we saw a sharp rebound in this pair.
Now, the price is forming a small bull flag, which is a bullish sign for entry now.
GBP/CHF may want to break the highGotta be careful with this one though. But it does look to have completed its flag. It can turn into a sell setup, however, it is also possible it makes a much deeper retracement up so keep that in mind
GBPCHF approaching resistance, potential drop!GBPCCHF is approaching our first resistance at 1.2863 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement, descending channel resistance) and a strong drop might occur below this level pushing price down to our major support at 1.2283 (61.8% Fibonacci extension, horizontal swing low support, 76.4% Fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance and a reaction off this level 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.
NDZJPY Approaching Resistance, Potential Reversal!NZDJPY is approaching its resistance at 74.11 (61.8% Fibonacci extensionx2, 61.8%, 23.6%, 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 73.11 (50% Fibonacci retracement, horizontal overlap support).
Stochastic (89, 5, 3) is also approaching its resistance at 98% where a corresponding reversal could occur.
