GBPCHF to catch a falling knife?GBPCHF - 24h expiry
We are trading at oversold extremes.
This is positive for sentiment and the uptrend has potential to return.
The hourly chart technicals suggests further downside before the uptrend returns.
Previous resistance at 1.1513 now becomes support.
We look to buy dips.
We look to Buy at 1.1513 (stop at 1.1473)
Our profit targets will be 1.1613 and 1.1633
Resistance: 1.1675 / 1.1820 / 1.1890
Support: 1.1480 / 1.1370 / 1.1300
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GBPCHF
GBPCHF I Previous idea fulfilled and here's what's nextWelcome 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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Falling towards 50% Fibonacci support?GBP/CHF is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.15106
Why we like it:
There is a pullback resistance level which lines up with the 50% Fibonacci retracement.
Stop loss: 1.14031
Why we like it:
There is a pullback support level which lines up with the 78.6% Fibonacci retracement.
Take profit: 1.16712
Why we like it:
There is a pullback resistance level.
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GBPCHF 1H Short Trade - 1:6 RRRPair: GBPCHF
Action: Sell
RRR: 1:6
SL: 1.16724
TP: 1.14672
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
Strifor || GBPUSD-Week StartingPreferred direction: BUY
Comment: We highlighted short-term buy-priority at the end of the previous trading week, and at the beginning of this week this mood continues. Just like in the euro , there will most likely be at least a short-term strengthening, which will not be long in coming.
Here we highlight two main scenarios, where scenario №2 (plan B), as well as for the euro, is not entirely desirable for buyers. Therefore, scenario №1 is a higher priority and it is better to try to use small stop losses and open new transactions if something happens. The growth target can be fixed near the level of 1.28000 and slightly higher.
Additional comments on this trade will be provided as situation changes. Follow us!
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GBPCHF I Impulse correction in process 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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Strifor || USDCHF-22/05/2024Preferred direction: SELL
Comment: The shorter-term trade on the franc remains in effect. Here, selling outflowing levels is expected (scenario №1), as well as from the level of 0.91424 (scenario №2) . It should be noted that the franc is not the most attractive currency to buy against the US dollar, however, selling priority on the currency pair is more likely.
Let's consider the same level 0.90108 as a target.
Additional comments on this trade will be provided as situation changes. Follow us!
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Strifor || GBPUSD-Week StartingPreferred direction: BUY
Comment: The British currency , like the euro , is considered for purchase this week, but not higher than 1.28000. The most likely scenario №1 assumes a pause and possibly a small downward correction, and only then growth towards the level of 1.28000 . The current resistance area at 1.27000 is a difficult obstacle for a buyer, but it is all so surmountable.
In the event of an unsuccessful breakdown of the indicated resistance, one can look for a long entry point near the levels of 1.26500 and 1.26000 (scenario №2).
Additional comments on this trade will be provided as situation changes. Follow us!
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GBPCHFGBPCHF is in an uptrend. The price has an opportunity to test the resistance zone 1.16814-1.17207. If the price cannot break through the level of 1.17207, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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GBPCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
GBPCHF What Next? SELL!
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.1394 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1339
Safe Stop Loss - 1.1430
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBPCHF - 4hrs ( Buy 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 ( Long )
Type : Mid Term Swing
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Bullish Break
1.140000
Reasons
- Major Turn level / D
- Pattern Middle Band
- Daily Choch Zone
- week High Break
- Day High Break
- Fibo 0.618 %
- fixed Hvn
Bearish Reversal
1.15500 Area
reasons
- Major Turn level / M
- Channel Upper Band
- Pattern Target
- Fibo Golden Zone
- Choch / w
- Fixed Poc .
✅GBP_CHF SWING SHORT🔥
✅GBP_CHF is about to retest a key structure level of 1.1574
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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Strifor || USDCHF-17/05/2024Preferred direction: SELL
Comment: Following our recent trading ideas, the US currency has strengthened slightly. This should not be confusing as the bearish potential for the US dollar remains.
Also for the franc . Not long ago we held shorts to the level of 0.90108 . This time we also consider this level as a target and most likely the instrument will begin to fall as much as possible from current prices (scenario №1) . Less likely scenario №2 involves a fall from the level of 0.91424 , this deal will be more conservative.
Additional comments on this trade will be provided as situation changes. Follow us!
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Trendline Analysis of GBPCHF: Breakout and Potential BullishA trendline is a straight line that connects multiple price points on a chart, typically the highs or lows, to show the general direction of the market. When a trendline is established, it acts as a guide, helping traders predict future price movements. The price often bounces off the trendline repeatedly, similar to a pattern in statistical probability where historical occurrences suggest future repetitions.
Trendlines as Pullback Areas
In technical analysis, a trendline often serves as an area of pullback. When the price approaches a trendline, it frequently retraces or "pulls back" from it. This repetitive bouncing happens because many traders view the trendline as a significant support or resistance level, thus acting accordingly when the price approaches it. The more times the price bounces off the trendline, the stronger the trendline becomes, as it confirms the market's respect for this level.
A breakout occurs when the price moves through a trendline, suggesting a potential change in the trend. If a downward trendline is broken to the upside, it indicates that the downward trend might be ending and an upward trend could begin. Conversely, if an upward trendline is broken to the downside, it may signal the start of a downward trend.
Let's examine the GBPCHF pair, which has been following a downward trendline. Historically, every time the price touched this trendline, it pulled back downward. This has happened eight times, reinforcing the trendline's significance. Each bounce off the trendline increases its reliability, as it shows the market consistently respects this level.
Recently, the GBPCHF has breakout above the downward trendline, indicating a potential trend reversal from bearish to bullish. This breakout suggests that a new upward trend might be forming, providing an opportunity for buying around the current breakout level, approximately at 1.14.
Considering the psychological level of 1.2 as a possible target for this new bullish trend, traders might aim for this level in the short term. However, a more strategic target would be around 1.7, where a major downward trendline from 2009 is located. This longer-term trendline presents a significant resistance level and a crucial point for evaluating the strength of the bullish trend.
In summary, the repeated bounces off the trendline and the recent breakout provide a strong case for a potential upward move in the GBPCHF pair. Traders might consider buying near the current breakout level with targets at 1.2 and 1.7, while closely monitoring the price action for further confirmation of the trend change.
GBPCHF Bearish Robbery Plan To make MoneyMy Dear Robbers / Traders,
This is our master plan to Heist Bearish side of GBPCHF BANK based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Short entry, Our target is Green Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic resistance level, Once it is cleared we can continue our heist plan to next target.
support our robbery plan we can make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
GBP/CHFHello Agn,
I am sending you this message in a hurry and hope you receive it quickly. I want to inform you that I missed my chance to enter yesterday, but now I have another opportunity to go in and see some higher prices. However, this decision is risky, so please remember to manage your risk and enter with the minimum possible risk. Think of it as a fun rollercoaster ride with a chance of earning some income.
Thank you, and I hope this message helps you.
GBP/CHF SHORT FROM RESISTANCE
Hello,Friends!
We are going short on the GBP/CHF with the target of 1.131 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band.However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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GBPCHF: Bullish Outlook Explained 🇬🇧🇨🇭
GBPCHF leaves multiple strong bullish clues.
Earlier, the market violated a resistance line of a narrow accumulation range
on a daily time frame.
With the release of various UK and Fundamental news,
bulls show their strength today.
I think that a bullish movement may continuation at least to 1.148
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GBPCHF Set To Grow! BUY!
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.1342 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1397
Safe Stop Loss - 1.1308
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK