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
GBP/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GBP/CHF is making a bullish rebound on the 5H TF and is nearing the resistance line above while we are generally bearish biased on the pair due to our previous 1W candle analysis, thus making a trend-following short a good option for us with the target being the 1.094 level.
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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 Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The price is coiling around a solid key level - 1.0940
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0921
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPUSD – a retest of 1.2600 looks likely The downside break of the 1.2800 to 1.2600 range the pair has held since 14 Dec has been well traded by clients. Looking at the current skew in open interest, traders see a higher risk of a move back to the breakout point, with 71% of open positions currently held long. I see the risk of modest short covering through late Asia but would take the timeframe in and see how the price reacts into the former range lows and 5-day EMA. A rejection and increased signs of a trend day would suggest reengaging with shorts for a move towards the 100-day MA at 1.2469. Staying on the GBP theme, GBPCHF is also on the radar with a tactical view of potential upside - given the set-up on the higher timeframes its aggressive to be long the cross at levels, but if that is the case, I would be placing tight stops below 1.0880, with a view to add to the position on a close through 1.0960.
GBPCHF Will Grow! Long!
Here is our detailed technical review for GBPCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.091.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.098 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Sideway Pattern and DropDear Friends,
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I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
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Sell GBPCHF Bearish ChannelThe GBP/CHF pair on the M30 timeframe exhibits a bearish channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Let's delve deeper into the details:
Key Points:
Bearish Channel: The price has been trading within a downward-sloping channel defined by two converging lines: a falling resistance line and a falling support line. This pattern often indicates ongoing selling pressure and the potential for further decline.
Sell Entry: Consider entering a short position around the current price of 1.0940, which is close to the channel resistance. This could offer an entry point near a potential reversal point.
Target Levels: Initial bearish targets lie at the support levels of 1.0892 and 1.0867, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.0965. This helps limit potential losses if the downtrend breaks unexpectedly.
Fundamental Updates :
UK Bank of England (BoE) meeting minutes: Due for release later today, these minutes could shed light on the central bank's future monetary policy stance. Hawkish signals might boost the Pound, while dovish ones could weaken it.
Swiss National Bank (SNB) Chairman Thomas Jordan's speech: Scheduled for tomorrow, February 2nd, any comments about potential interventions or the economic outlook could impact CHF sentiment.
Thank you
GBPCHF SHORTSI have analyzed and seen the weekly and daily timeframe being bearish, these are the main timeframes, so I went to the four hour timeframe to look for opportunity to short, then I spot the resistance zone just below the 50 exponential moving average, now expecting a retracement to the moving average then take shorts.
GBPCHF SELL HERE !!HELLO FRIENDS
As I can see this pair is still looking for more downside on the base of weekly downtrend retracement is done now I am expecting a fall in this pair to get fill the wick so our R>R is great on this trade its just a trade idea do a proper analysis before in to any trade we apricate Ur comments and view on this chart
Stay tuned for more updates
GBPCHF: Bulls Will Push Higher
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPCHF pair which is likely to be pushed up by the bulls so we will buy!
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Eurchf and Gchf bias to short Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Looking for shorts for both of these pairs, I have mentioned it towards the end of my last week's live stream. You can check it out.
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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GBP-CHF Resistance Ahead! Sell!
Hello,Traders!
GBP-CHF keeps growing and
The pair looks locally overbought
So after the pair hits the
Horizontal resistance level
Of 1.1082 I will be expecting
A local bearish correction
Sell!
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GBPCHF H4 | Bearish continuationGBPCHF could fall towards an overlap support and continue the downtrend, reversing to our take profit level.
Sell entry is at 1.09333 which is an overlap support level.
Stop loss is at 1.09998 which is an overlap resistance level.
Take profit is at 1.08063 which is a swing-low support that aligns with the 61.8% Fibonacci retracement level.
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⚡️Strifor || USDCHF-23/01/2024Preferred direction: BUY
Comment: The Swiss currency is an outsider among the majors against the US dollar. This currency sank the most against the American currency. In addition, while some competitors of the US dollar were trying or were in the process of correction, this currency pair stood in a very narrow corridor.
The bullish sentiment for this pair remains unchanged. In the very near future, an approach to the level of 0.87000 is expected, from where the next upward impulse is expected to start towards the level of 0.88000 . Targets above this resistance are not yet considered.
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GBPCHF Sell ideaHey guys, I am here again with analysis for the week, swing trades.
I am seeing alot of sells in many pairs anyway, I just hopped into this trade now with proper risk management, Weekly, daily timeframe is currently in a downtrend and a bearish engulfing 4h would confirm the sell, but I already took a sell based off on 3Hr.
Kindly tell me what you think about this trade and if you like this sort of content kindly Hit the boost and leave a follow, thanks!
GBP/CHF BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
GBP/CHF pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 9H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.090 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPCHF - 12hrs ( Buy Trade Target Range 200 PIP ) 💵Pair Name : GBP/CHF
Time Frame : 12hrs Chart / Close
Scale Type : Large Scale
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🔗 Key Technical / Direction ( Long )
Type : Mid Term Swing
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☑️Bullish Break
1.08650 Area
Reasons
- Major Turn level / M
- Visible range lvn
- Channel middle line
- Day / week low
- Ultra High Volume Break
☑️Bearish Reversal 1.10800 Area
Reasons
- Major Turn level
- Visible Range Poc
- Pattern Target
- Quarter's Area
- Fibo Golden Zone