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GBP-CHF

GBPCHF a short opportunity 🦐GBPCHF on the daily chart is moving inside a daily descending channel . The price after the test of the 1.25500 area dropped exactly at the monthly support and from there retraced perfectly at the 1.24500 level. How can we approach this scenario? Currently, the market is testing once again the resistance area and if the pair will break below we will move on the 4h chart to search for an entry point 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.
Short
by InkyGrip
4
Joe Gun2Head Trade - Still looking for downside on GBPCHFTrade Idea: Selling a retest of the broken range Reasoning: CFTC data recorded a renewed net advance in short non-commercial Sterling positions Entry Level: 1.2076 Take Profit Level: 1.1705 Stop Loss: 1.2126 Risk/Reward: 7.5:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
GBPCHF a short opportunity 🦐GBPCHF on the daily chart is moving inside a daily descending channel . The price after the test of the 1.25500 area dropped exactly at the monthly support and from there retraced perfectly at the 1.24500 level. How can we approach this scenario? Currently, the market is testing once again the support area and if the pair will break below we will move on the 4h chart to search for an entry point 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.
Short
by InkyGrip
2
Joe Gun2Head Trade - Selling a retest of the broken range (Pt2)Trade Idea: Selling a retest of the broken range Reasoning: Break down on yesterdays PMI number. Lower prices expected. Entry Level: 1.2064 Take Profit Level: 1.1708 Stop Loss: 1.2125 Risk/Reward: 5.93:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
Joe Gun2Head Trade - Selling a retest of the broken rangeTrade Idea: Selling a retest of the broken range Reasoning: Break down on yesterdays PMI number. Lower prices expected. Entry Level: 1.2072 Take Profit Level: 1.1707 Stop Loss: 1.2118 Risk/Reward: 7.89:1 Disclaimer – Signal Centre . Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
Joe Gun2Head Trade - Trading the range on GBPCHF (Part 3)Trade Idea: Range play on GBPCHF Reasoning: Nice looking range setup. Targeting a move to the upper end. Entry Level: 1.2130 Take Profit Level: 1.2422 Stop Loss: 1.2067 Risk/Reward: 4.69:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
1
Joe Gun2Head Trade - Trading the range on GBPCHF (Part 2)Trade Idea: Range play on GBPCHF Reasoning: Nice looking range setup. Targeting a move to the upper end. Entry Level: 1.2147 Take Profit Level: 1.2416 Stop Loss: 1.2076 Risk/Reward: 3.75:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
2
Joe Gun2Head Trade - Trading the range on GBPCHFTrade Idea: Range play on GBPCHF Reasoning : Nice looking range setup. Targeting a move to the lower end. Entry Level: 1.2375 Take Profit Level: 1.2112 Stop Loss: 1.2424 Risk/Reward: 5.24:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
GBPCHF a turn at the 0.618 🦐GBPCHF on the daily chart is moving inside a daily descending channel . The price after the test of the 1.25500 area dropped exactly at the monthly support and from there retraced perfectly at the 0.618 Fibonacci level creating a perfect confluence point between the trendline, resistance and a Fibonacci area. How can we approach this scenario? Currently, the market is testing once again the support area and if the pair will break below we will move on the 4h chart to search an entry point 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.
Short
by InkyGrip
A Great Bearish Setup for GBPCHFGBPCHF pair has been moving in a well-defined range (1.2100 ~1.2420) since early March. Now, the price has reached a key resistance level and we can see a few bearish patterns being formed. In the hourly chart, we can see a rising wedge pattern being formed as the price reaches near the resistance level. We can also clearly see a bearish divergence in RSI. Therefore, we are looking to enter sell positions. The entry criteria: Currently, a double top has been formed, but another lower shoulder could be formed to complete a head and shoulder pattern. We are looking for the price to breakout from the neckline, with hourly candle closing below the neckline area. Then we will look to enter sell positions at neckline area, which is 1.2340 approximately, to capture the retest. Our first target is the 1.2220 area and the second target is the bottom of the range channel, 1.2100 area.
Short
by NicoBeau_Capital
GBPCHF Rejection on the 1D MA200. 1-month downtrend ahead.The GBPCHF pair got rejected yesterday on the 1D MA200 (orange trend-line) and today is on the strongest recent red 1D candle that is about to test the 1D MA50 (blue trend-line) as a Support. Basically, the Bearish Megaphone pattern I presented more than two months ago is still intact, hitting all targets: As you see, the price hasn't yet broken above the Lower Highs trend-line of the pattern and the new rejection on the 1D MA200 serves as the latest Lower High. A break below the 1D MA50 and potentially subsequent Lower Highs on the 1D RSI, should serve as confirmation of a test of the 1.21000 Support. That is our short-term target. Based on the previous Lower Low sequence, we can even see an extension towards the 2.0 Fibonacci level. That is currently at 1.1950. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
4
GBPCHF: Is about to reverse soon...Hey Traders, OANDA:GBPCHF is about to reverse soon For us, bigger structure is completed and GBPCHF and market has to go up for an impulsive wave or to complete a bigger corrective structure, in all the cases we are expecting an up wave for at least 700 pips and it might go further up to break previous structures if this is the start of the next big up trend. Wait for your buy setups before you jump in. This trade is a medium to long term trade for us. 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... DO NOT FORGET OUR 4 GOLDEN RULES: 1) Do not over-risk 2) Do not over-trade 3) Do not trade without stop loss 4) Never ever add to losing position Trade with care We Trade Waves Team
Long
by WeTradeWAVES
7