gbpchf h1 xabcd bulls tp 250 pips buy/hold setup🔸speculative xabcd setup advanced entry bulls with confirmed
reversal at point C at 1240. Expecting short-term losses.
point D print incoming near 1030. higher risk entry on sell side at market price.
🔸XABCD pattern structure is defined by point X at 1080
point A at 1220, point B at 1100, point C at 1240
and point D at 1020, which is a 113/127 extension.
🔸Recommended strategy bulls: seek to buy/hold near point D/PRZ
close to 1020, SL fixed 60 pips TP1 +120 pips TP2 +240 pips.
at point D of the pattern structure. Advanced XABCD entry
strategy on sell side (higher risk short) at market. target point D/PRZ.
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GBPCHF
GBPCHF Bearish structure with entry point!In GBPCHF, we have a bearish setup with the price dropping sharply this morning after the negative news of a contraction in manufacturing and services in the Eurozone and the UK. I will look to enter a short position if the market retraces to a target zone at the level of 1.1190, which is a forex48 block where it's highly likely for the price to reverse. Of course, I will always wait for the necessary confirmations before entering the market, which I will be looking for on the M15 timeframe. In the event of an entry, I will place the stop above the previous swing high and set the take profit to recover all the liquidity, around the 1.11 zone. Happy trading to all.
GBPCHF 🥷🏾 Waiting actions 2 Scenario's Hello Everyone,
GBPCHF 🥷🏾
We have here 2 scenario's
The First one and in my opinion the most possible scenario
↗️ The ascending Breakout ↗️
1️⃣ Buy after one ascending chart from the price 1.11285
🟢 TP 1.12240
🔴 SL 1.10880
2️⃣ Sell after one Descending chart from the price 1.10520
🟢 TP 1.09540
🔴 SL 1.10880
Good Luck and thank you
Give us your opinion in the comment 🤔
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GBPCHF Liquidity zone with ICT Trade!On GBP/CHF, we have a long setup with a dominating trendline in the market, featuring a double liquidity grab followed by a touch and go. Currently, I'm still waiting for the third touch and go, but I wanted to try this long entry with a 0.5% risk and a 1:1.5 risk-reward ratio. Since the market might hold surprises during the Asian session and considering tomorrow morning we'll have significant macro data regarding the Euro and Sterling, I won't be trading during the London session. Let me know what you think. Happy trading to everyone!
GBPCHF Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring GBPCHF for a selling opportunity around 1.1300 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.1300 support and resistance zone.
Trade safe, Joe.
GBPCHF - Continuation To The Downside?Analysis:
Bearish Confluences
Strong longer term downwards trend
Retest of a key resistance level
Longer term downwards trendline touch
Head and shoulders pattern present
9k long position decrease for the GBP
1k long position increase for the CHF
2k short position decrease for the CHF
Bullish Confluences
GBP is the 2nd strongest major currency whereas the CHF is the 3rd weakest major currency
6k short position decrease for the GBP
Stay Safe- The JPI Team
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This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profiftable with and we take losses just like everyone else does too. Our ideas won't always be correct which is why we urge you to always do your own analysis first before entering into the market but please feel free to use our analysis to assist you with yours.
GBPCHF: Bearish Continuation & Short Signal
GBPCHF
- Classic bearish formation
- Our team expects fall
SUGGESTED TRADE:
Swing Trade
Sell GBPCHF
Entry Level - 1.1224
Sl - 1.1254
Tp - 1.1162
Our Risk - 1%
Start protection of your profits from lower levels
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GBPCHF Is Going Down! Short!
Please, check our technical outlook for GBPCHF.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.122.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.119 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBP-CHF Risky Short From Resistance! Sell!
Hello,Traders!
GBP-CHF went up sharply
But then it hit a horizontal
Resistance level of 1.1242
And we are already seeing
A bearish reaction so a
Local move down is
To be expected
Sell!
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Check out other forecasts below too!
GBPCHF - 4hrs ( buy Trade target Range 200 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
——————————
Bullish Break
1.11750 Area
Reasons
- Major Turn level
- Visible Range Lvn
- inner Choch break
- Day / week High
- Fixed Range Poc Break
Bearish Reversal
1.13700 Area
Reasons
- Major Turn level / D
- Pattern Target
- Fibo Golden
- Quarter's Area
- Visible range Hvn
GBPCHF - 4hrs ( Take Profit 1 Hit 50 PIP / Full Tp 200 PIP ) Pair Name : GBP/CHF
Time Frame : 4hrs
Scale Type : Large Scale
Analysis Way : Volume + Classic + High & low + Market Map
Direction : Long
📋 Educational
—————**-
🗒 Just browsing through my analysis means a lot to me.
➡️ Update -
————
VIP Opportunity
Take Profit 1
Account Growth = 5 %
Pip' Achieved = 50 PIP
GCHF - DAILY STRONG SUPPORT Daily time frame : Price is approaching strong support zone. Price got rejected multiple time at this zone. We will expect the same behavior.
H4 time frame : We have flag pattern here. Let’s monitor price action and look for BUY entry
JUST REMEMBER TO MANAGE YOUR CAPITAL WHILE TRADING. NO MATTER HOW PERFECT YOUR TRADING SYSTEM IS, THE WAY YOU MANAGE YOUR RISK IS THE KEY TO BE A CONSISTENT TRADER.
FX:GBPCHF OANDA:GBPCHF FOREXCOM:GBPCHF
Strifor || USDCHF-08/14/2023Preferred direction: BUY
Comment: The US dollar continues to put pressure on all major currency pairs at the beginning of the week. It is most likely to count on such a trend in the first half of the week, at least. The American still has a place to strengthen, and the franc is no exception. We continue to consider the level 0.87757 as a starting point upward towards 0.90000.
Thank you for like and share your views!
GBPCHF Long structure with entry!On GBP/CHF, I'm considering a long entry. Currently, we have a neutral structure, slightly more long than short. I've highlighted a highly reactive reversal zone where the price has already shown strong responsiveness at the 1.1115 level. At the moment, there are no confirmations for a long position, but I'm mainly waiting for an H1 close within the area and then a reversal with a reaction above the POC (Point of Control). Additionally, there's a potential short setup if the price gives us similar confirmations, but at the 1.1150 level where we have a demand area with M15-H1 zones and a supply zone with a double touch of the bearish trendline. Let me know what you think, comment, and leave a like to support the hard work. Happy trading to all.
Trading Under The Spotlight: My Open Analysis Odyssey #1 Hello TradingView community!
I'm embarking on an open journey to test and showcase my trading accuracy, and I invite you all to come along. While I've dedicated tens of thousands of hours and a significant financial investment into my growth as a trader, I've decided to transparently share my analysis and setups as part of this personal growth exercise.
A few things to keep in mind:
1. Transparency, Not a Tutorial : As much as I'm sharing, I won't be disclosing specifics like the specific reasoning behind my entry, exit, and stop loss placements. My journey has been long, arduous, and extremely expensive, and while I'm open to sharing a lot, this isn't a free lunch. Consider this a free experience into the growth of a fully dedicated and seasoned trader, where you can view my setups and an open diary of my ongoing journey.
2. Frequency & Execution : My goal is to outline as many setups as I identify daily. However, a setup isn't always a trade. Not every setup will translate into an actual trade on my part. I suggest you do not take every setup I publish either. This is a documentation of my progress, NOT a trading signal journal.
3. Purpose & Growth : This is, first and foremost, a personal exercise. By doing this, I aim to strengthen two key aspects:
- Analysis Muscle : Fine-tuning my ability to read and predict the markets.
- Overcoming Fear of Failure : By laying out my predictions in the open, I challenge my vulnerabilities and confront my fear head-on.
As I embark on this exhilarating journey of transparent trading analysis, I want to set some expectations alongside my invitation...
The essence of trading, as many of you would agree, lies in its unpredictable nature. The market is a vast sea, sometimes calm with clear skies and at other times, tempestuous with unforeseen storms. Just as a sailor cannot dictate the winds, a trader cannot force trades.
This means on some days, the market might present a singular golden opportunity that's too hard to miss, leading to one analyzed trade setup. On other days, the market might be buzzing with action, leading to a multitude of setups — perhaps even a dozen! We're going to flow with the rhythm of the market, embracing whatever it presents.
I urge you to approach this series with an open mind. Remember, the aim here is twofold: to strengthen my analytical prowess and to conquer any lingering fear of failure through displaying my work publicly. Your presence, feedback, and insights will undoubtedly be a crucial part of this odyssey.
In trading, and in this series, it's not about quantity but about quality. Whether it's one setup or ten, the focus remains on the depth of analysis and the learning derived from each potential trade. Please make sure you analyze the fundamental and sentimental data before you execute on any position.
Thank you for joining me on this voyage. Together, we'll navigate the ebb and flow of the markets, always seeking clarity amidst the chaos.
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Instrument : GBPCHF
Bias : Bearish
Overall Trend : Bearish
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This is the beginning of a very personal, challenging, and enlightening journey. Whether you're here to observe, learn, or critique, I graciously welcome you. Let the trades begin!!
GBPCHF Potential DownsidesHey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.11600 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.11600 support and resistance zone.
Trade safe, Joe.