GBPCHF | Short D1 | Market Exec | Incoming Risk-OffTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1 and H1 time-frames
- Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair.
- Price action is close to a Supply Zone
- Price action is close to multiple Resistance Trendlines & top of Parallel Channel as well
- Targeting the 38% Fibo retracement for this trade
Fundamental Confluences for Trade:
- There seems to be some disconnect between asset classes and with everyone already so 'risk-on', the risk-off build up momentum is ripe for the taking.
Suggested Trade:
Entry @ Area of Interest 1.1570 - 1.1650
SL @ 1.1718
TP 1 @ 1.1425 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.1276
Risk-to-Reward @ Approx. 2.60 (Depending on Entry Level)
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GBPCHF
GBPCHF: Important Breakout 🇬🇧🇨🇭
GBPCHF broke and closed below a key daily support.
Retesting the broken structure, the price formed a narrow range on a 4H time frame.
London session opening pushed the prices lower.
The pair broke a support line of the range, leaving a strong bearish clue.
I think that the market may keep falling.
Next support - 1.1224
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Heading into 50% Fibonacci resistance?GBP/CHF is rising towards a resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.13675
Why we like it:
There is a pullback resistance level which aligns with he 50% Fibonacci retracement.
Stop loss: 1.14435
Why we like it:
There is a pullback resistance level.
Take profit: 1.12186
Why we like it:
There is a pullback support level.
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GBP/CHF BULLISH BIAS RIGHT NOW| LONG
Hello,Friends!
We are now examining the GBP/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.145 level.
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GBPCHF tries to find resistance after recoveryPOUND STERLING OANDA:GBPCHF ANALYSIS
- Enough US data to go around this week: ADP, services PMI and NFP
- GBP/CHF attempts to find resistance as the pair recovers from overbought territory
THERE’S ENOUGH US DATA TO GO AROUND THIS WEEK
There is a lack of UK data this week, but it shouldn't be ignored for sterling-related pairs. FX movements increased in Q1 and central banks are now considering interest rate cuts. The question is when will they have the confidence to start.
In contrast, US data has been plentiful. ADP data added to the strength seen in the job market. US services PMI data contributed to the dollar's short-term pullback after declines in "new orders" and "prices" in March, resulting in a moderate headline reading of 51.4. There is significant Fed speak today, with Jerome Powell standing out.
OANDA:GBPCHF ATTEMPTS TO FIND RESISTANCE AS THE PAIR RECOVERS FROM OVERBOUGHT TERRITORY
Now that the Swiss National Bank (SNB) surprised markets with a 25 basis point cut in March, the Swiss Franc appears vulnerable. However, since the SNB meeting, GBP/CHF has failed to trade above the March 21st high, witnessing long upper wicks which ultimately fell short of the mark.
The pair also attempts to recover from overbought territory and so there may be room for a shorter-term pullback should bears pile in from here. The gold overlay is the yield differential for the pair (GB 10 year bond yield -Swiss 10 year yield) and has helped, to some degree, explain the path of the pair.
Support sits at the recent swing low around 1.1345 with resistance at 1.1487.
GBPCHF approaches 1.1245A major risk to the market view appeared when the SNB Chairman mentioned that the greatest risk to the inflation outlook is a weak Swiss Franc. His comments immediately saw the currency strengthen. GBP/CHF approaches 1.1245 with the potential to test the 200 SMA. The blue 50 SMA appears as dynamic resistance.
GBPCHF I Approaching strong weekly reversal pointWelcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBP/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
It makes sense for us to go long on GBP/CHF right now from the support line below with the target of 1.142 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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GBPCHF Bullish Side Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist GBPCHF based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned 2 target in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level market is overbought & Oversold / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan,
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
GBPCHF I demand is exceeding supply and price may go up Welcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPCHFOn the monthly chart the overall trend is bearish. Presently we are in a bullish correction targeting the unmitigated supply at 1.2 price handle.
On the weekly charts, the price has settled at a strong supply zone.
On the daily chart, price has broken higher indicating the bullish correction is still in play. If the price pushes lower, we will trade the short term bearish order flow as we look for buy entries at the unmitigated demand zone.
GBPCHF My Opinion! BUY!
My dear friends,
My technical analysis for GBPCHF is below:
The market is trading on 1.1388 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1410
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPCHF: Bullish Continuation & Long Signal
GBPCHF
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GBPCHF
Entry - 1.1405
Stop - 1.1333
Take - 1.1519
Our Risk - 1%
Start protection of your profits from lower levels
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GBPCHF - 4hrs ( Sell Trade Target Range 150 PIP ) ☑️Pair Name : GBP/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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⚙️ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short )
Type : Mid Term Swing
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🛡Bearish Break
1.16200 Area
Reasons
- Major Turn level / D
- Inner Channel Break
- Bearish Choch Zone / weekly
- Fibo Golden Zone
- Day / week low
🛡Bullish Reversal
1.14700
Reasons
- Major Turn level / M
- Fibo Time Zone
- Choch Area
- Pattern Area
- Quarter's Area
- Fibo Golden
- Visible Range HVN
- Fixed Range Hvn
Bullish rise?GBP/CHF has reacted off the pivot and could potentially rise to the 1st resistance.
Pivot: 1.14442
1st Support: 1.14112
1st Resistance: 1.15118
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