GBPCHF: Bullish Continuation & Long Signal
GBPCHF
- Classic bullish formation
- Our team expects pullback
SUGGESTED TRADE:
Swing Trade
Long GBPCHF
Entry - 0.0984
Sl - 0.0950
Tp - 0.1050
Our Risk - 1%
Start protection of your profits from lower levels
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GBPCHF
GBPCHF What Next? SELL!
My dear friends,
GBPCHF looks like it will make a good move, and here are the details:
The market is trading on 1.1018 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.0985
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
GBPCHF: Bearish Rally Continues 🇬🇧🇨🇭
Update for GBPCHF.
We spotted a confirmed bearish breakout of a support of a horizontal range on a daily.
After a deep retest of a broken structure, we see a strong bearish reaction.
The fall will most likely continue, at least to 1.094
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GBPCHF Massive Long! BUY!
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.1003 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1052
Safe Stop Loss - 1.0978
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 Potential DownsidesHey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.10400 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.10400 support and resistance area.
Trade safe, Joe.
GBPCHFGBPCHF exhausting at the horizontal resistance. Pair is moving in just one direction. After a great impulsive move we have seen a little correction this time it has created a double top structure with a significant bullish divergence( at lower TF) near the solid resistance zone and two to three times pair just respect the mentioned support and move upward. Again it hits the same zone and moving towards the horizontal support.
GBPCHF Is Going Up! Buy!
Here is our detailed technical review for GBPCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.102.
The above observations make me that the market will inevitably achieve 1.106 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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GBPCHFGBPCHF is in a correction period. There is a chance that the price will test the support 1.10187 if the price can remain at this level. It is expected that there will be a chance that the price will rebound. Consider buying a red zone.
>>GooD Luck 😊
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GBPCHF Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The price is coiling around a solid key level - 1.1037
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.1071
Safe Stop Loss - 1.1019
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
GBPCHF: Expecting Bearish Movement! Here is Why:
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 down by the bears so we will sell!
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GBPCHF: Short Trading Opportunity
GBPCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPCHF
Entry Point - 1.1111
Stop Loss - 1.1137
Take Profit - 1.1059
Our Risk - 1%
Start protection of your profits from lower levels
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The continuation of the bullish market??Sideway patternGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
GBPCHFPair : GBPCHF ( British Pound / U.S Dollar )
Description :
Completed Impulsive Waves " 12345 " and Corrective Waves " ABC " creating Double Top Pattern in Long Time Frame at the Daily Strong Resistance Level. Bullish Channel as an Corrective Pattern in Short Time Frame
Entry Precautions :
Wait for the Breakout or Rejection