GBPCHF Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring GBPCHF for a buying opportunity around 1.08400 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.08400 support and resistance area.
Trade safe, Joe.
GBPCHF
GBPCHF My Opinion! SELL!
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.0827 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.0811
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
Bullish GBPCHFBelow are the observations to support a bullish view of GBPCHF.
The weekly view showed a bounce off Multi-year low.
And the daily showed a break out of the recent bear trend channel
And 4 hourly view seems to have an ascending triangle
Entry Price: 1.0770
Take Profit: 1.09 (measured move)
Stop Loss: 1.0725
Reward-to-Risk: 2.89
GBP/CHF BEARS ARE STRONG HERE|SHORT
Hello,Friends!
GBP/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 5H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.065 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
GBPCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I wait price to go a little bit higher to fill the imbalance, then to reject from bearish order block.
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If the bear market continues, the sideways pattern is less likelHello there,
I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones.
I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market.
Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision.
To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand.
I hope my analysis will be useful to you in your business journey, and I wish you the best.
I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely,
GBPCHF Will Grow! Long!
Here is our detailed technical review for GBPCHF.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.074.
The above observations make me that the market will inevitably achieve 1.088 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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⚡️GBPCHF CMC TRADING ⚡️ EXPANDING CHANNELGBPCHF has formed an expanding channel, indicating a potential reversal in the prevailing bearish trend. A Change of Character (ChoCh) is evident with the recent impulse movement. As we patiently await the price to break out from the established trend and close above the identified key level, under optimal conditions, we may anticipate a reversal in price direction, leading to an upward movement.
GBPCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block.
Like, comment and subscribe to be in touch with my content!
GBPCHF Will Grow! Long!
Here is our detailed technical review for GBPCHF.
Time Frame: 15m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.085.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.086 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
The powerful Swiss FrancHello there,
I hope you're having a great start to the new year. I wish you all the best in your trading ventures and a happy new year with your loved ones.
I'm a fan of the Elliott wave principle, which I find interesting and useful for market analysis. I've developed my analytical approach by combining this principle with my personal experience and considering various scenarios that are likely to occur in the market.
Although I'm going to share my analysis with you, please note that I won't be providing a buy or sell signal. My goal is to share my unbiased analysis so that you can use it as a guide to make an informed decision.
To give you confidence in my analysis, I'll always share my previous analysis from the same market so that you can compare. All the details of my analysis are clearly labeled, making it easy for you to understand.
I hope my analysis will be useful to you in your business journey, and I wish you the best.
I'm waiting to hear from you. Finally, I'd like to remind you that like-mindedness and support, comments, and likes are the most important pillars of progress, like support points in the financial markets. They give me the energy to continue and share more ideas with you.
Sincerely,
GBP/CHF BUYERS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
GBP/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently falling on the 12H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 1.095 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is likely.
✅LIKE AND COMMENT MY IDEAS✅
GBPCHF Will Move Higher! Long!
Please, check our technical outlook for GBPCHF.
Time Frame: 1D
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.085.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.099 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!