GBPCHF will be moving up soon!Hey Traders, keep an eye on FX:GBPCHF , we are looking for this up wave.
For us, the structure is ready to move up so we will be looking for our buy setups.
P.S. Jumping in without using stop loss or risking big or following anyone blindly leads to big losses, never do that.
If you want us to post more charts, setups and explain more about the next move, make sure to follow us, like and comment.
What we are sharing here is only our point of view on what could be the next move in the market based on our wave analysis concept so this is a directional bias and not signals...
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GBP-CHF
GBPCHF looking up 🦐GBPCHF on the daily chart is trading at the recent low over a support area.
The price is moving below a weekly structure and took the liquidity for a break above.
How can i approach this scenario?
I will wait for a potential break of the resistance structure and in that case, i will be looking for a nice long order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Joe Gun2Head Trade - Buying GBPCHF at key supportTrade Idea: Buying GBPCHF
Reasoning: Large shooting star candle on the daily chart , price action rolling over to the downside on the 60min chart
Entry Level: 1.1557
Take Profit Level: 1.1746
Stop Loss: 1.1523
Risk/Reward: 5.45:1
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GBPCHF Long-term Buy OpportunityThe GBPCHF pair has been trading within a Bearish Megaphone pattern since the April 05 2021 High. Every Lower Low has been on the 1.786 Fibonacci extension from the previous and the recent series of Lower Highs have been rejected on the 1D MA200 (orange trend-line).
The price is now testing the Lower Lows trend-line and that makes it an automatic buy. The short-term target is the 1D MA50 (blue trend-line) and long-term the 1D MA200. Invalidation of the Megaphone is a sell signal, targeting the 1.786 Fib extension again.
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💡Don't miss the great buy opportunity in GBPCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1658).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 75.
Take Profits:
TP1= @ 1.1714
TP2= @ 1.1764
TP3= @ 1.1804
TP4= @ 1.1897
TP5= @ 1.1972
SL= Break below S2
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💡Don't miss the great buy opportunity in GBPCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1658).
. 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 an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 76.
Take Profits:
TP1= @ 1.1714
TP2= @ 1.1764
TP3= @ 1.1804
TP4= @ 1.1897
TP5= @ 1.1972
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPCHF a long opportunity 🦐GBPCHF on the 4h chart after the recent low started a retracement move.
The price is trading near to a weekly structure and after the recent impulse tested the 0.618 Fibonacci òevel.
How can i approach this scenario?
I will wait for a potential break of the resistance structure and in that case i will be looking for a nice long order according to the Plancton's strategy rules.
--––
Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
GBP/CHF:UPDATE | PRICE IS FALLING LIKE PREDICTED | SHORT 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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💡Don't miss the great buy opportunity in GBPCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1683).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 65.
Take Profits:
TP1= @ 1.1803
TP2= @ 1.1882
TP3= @ 1.1967
TP4= @ 1.2069
TP5= @ 1.2142
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1683).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 65.
Take Profits:
TP1= @ 1.1803
TP2= @ 1.1882
TP3= @ 1.1967
TP4= @ 1.2069
TP5= @ 1.2142
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1628).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 1.1722
TP2= @ 1.1806
TP3= @ 1.1899
TP4= @ 1.1997
TP5= @ 1.2124
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1628).
. 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 an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 1.1722
TP2= @ 1.1806
TP3= @ 1.1899
TP4= @ 1.1997
TP5= @ 1.2124
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
GBPCHF FALLING WEDGEVey simple setup we see, I am thinking of a bullish week for GBPCHF due to this falling wedge pattern. We do have a double bottom on the hourly time frame which will act as our support and where to place our SL on the entry of the breaking of the upper trend line of the wedge. Looking to re-test the breakout of the down channel which broke to the downside
GBPCHF 750 PIP LONG!Hello traders,
Today we are looking at GBPCHF where we are expecting bullishness.
Why are we entering?
Price has rejected our lower trendline and structure where we can see clear rejection
We have completed our 5th subwave in our impulsive wave, therefore we are expecting a correction
We have 2 clear confirmations for a price reversal
What is our confirmations?
Break of our descending Watch for Break trendline - this shows price has clearly broken our bearish structure
We are waiting for a break of our descending 2HR EMA as this has been highly respected on our descent
Where are we taking profit?
We are looking to take profit at point A in our corrective wave which is 750 pips away (1.229)
Be sure to secure profit multiple times along the way as we can reverse at any point
Where is our stop loss?]
We are placing our stop loss below the previous low (1.15)
Move stop loss to break even after we run 30 pips to prevent any possible loss
GBPCHF Strong buy opportunityLast time we analyzed the GBPCHF pair was a sell opportunity:
This time with a Channel Down having been developed inside the longer term Bearish Megaphone pattern, the price almost hit the Lower Lows trend-line yesterday. With the RSI printing a familiar bottom formation, this is a strong medium-term buy opportunity. The target is the 1D MA200 (orange trend-line), which has been hit during the previous two Lower Highs.
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