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GBPCHF

BluetonaFX - GBPCHF Rectangle Pattern LONG IdeaHi Traders! There is a rectangle pattern on the GBPCHF chart, and there is potential for long entry opportunities due to the upside due to the hold of the very strong support level at the 1.10576 area. Price Action 📊 The market has been in a range for the past three months, with near-perfect bounces at the support area of the rangle and pullbacks at the resistance area of the range. We are looking for opportunities for long entries near 1.10576, so the aim here is to buy market dips. Fundamental Analysis 📰 The pressure on the pound has eased in the past couple of days. Most GBP pairs have come off lows from traders exiting their shorts due to potential USD weakness as a result of the war situation in Israel.   Support 📉 1.10576: RANGE LOW Resistance 📈 1.12476: RANGE HIGH Risk ⚠️ No more than 2% of your capital. Reward 💰 At least 4% of your capital. Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
2
10th of October 2023 Here is the watchlist for today: CHFJPY H1 there is a possible BAL forming aswel as a trendline, with a lower trendline that may hold price up on m30. EURJPY M30 there is a 123 formed around the lower demand zone, be very conservative with this one. GBPCHF H1 there is a 123 formed, i would wait for a break above 1.11. The special case today is audnzd, i feel the bel doesnt have a strong enough impulse before the pattern, there is also a possible channel forming on H4 where the upperbound may hold price down. Happy hunting.
by victormoneron43
GBPCHF - 4hrs ( Sell Trade x2 Entry's / Tp Range 200 : 400 PIP )Pair Name : GBP/CHF 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 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 ( ❗️ Short After Break Out ) Type : Mid Term Swing —————————— Bearish Break 1.10600 area Reasons 🔰- Major Turn level 🔰- visible Range Lvn 🔰- Visible Range Poc Break 🔰- Choch Break Out 🔰- inner Trend Break Out 🔰- Month low / Quarter Low Bullish Reversal 1.09000 Area Reasons 🔰- Major Turn level 🔰- Visible Range Lvn 🔰- Liquidity Zone 🔰- Pattern Target 🔰- Fibo Golden Zone Major Reversal 1.05600 area Reasons 🔰- Weekly Choch Area 🔰- Full PAttern Target / Choch 🔰- Major Fibo Cluster Area 🔰- Major Quarter's Area 🔰- Ultra High Volume
Short
by GentleGoldenEngine
2
GBPCHF - Are we seeing a shift in market momentum?Analysis: Bullish Confluences Emerging bullish momentum forming Failing to break below recent lows New recent highs are being broken Retest of a key support level 61.8% fib retracement level lines up with our area Touching a longer term and short term upwards trendline Broadening ascending channel present (blue lines) Longer term bullish pennant pattern present (red lines) GBP is the 2nd strongest major currency whereas the CHF is the 3rd weakest major currency 8K long position increase for the GBP 1K short position decrease for the GBP 1K short position increase for the CHF Bearish Confluences Longer term downwards trend Recent rejection from downwards trendline 2K long position increase for the CHF Stay Safe - The JPI Team Please feel free to leave any comments you have and like this idea if you agree with us. Any feedback or comments will be read and responded to. We appreciate any comments at all so thank you! Disclaimer: This does not constitute as financial advise. We are not responsible for any monetary loss that you endure. Trading is hard to be profitable 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.
Long
by jpeacockfx
30
GBPCHF Long Term Buying Trading IdeaHello Traders In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET today GBPCHF analysis 👆 🟢This Chart includes_ (GBPCHF market update) 🟢What is The Next Opportunity on GBPCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
GBPCHFObserving GBPCHF's current price action, there's a discernible pattern hinting at a potential ascent towards a new higher high. The outcome beyond this juncture remains intriguing – the currency pair could opt for a sustained upward trajectory, leveraging the momentum, or opt for a temporary consolidation, strategically recalibrating before charting its subsequent course. In the dynamic realm of financial markets, such junctures often present opportunities for strategic positioning, reflecting the interplay of market forces and sentiment. As we navigate these waters, staying attuned to the market's nuanced cues becomes paramount.
Long
by EM_Trading_Company
gbpchf h4 short from S/R TP +150 pips🔸Hello traders, let's review the 4 hour chart for GBPCHF today. Recently price was locked inside distribution trading range and subsequently it broke down below key s/r level near 1250 and hit 1050. Expecting limited upside and reversal off the premium prices overhead. 🔸Short-term expecting final pump into overhead resistance / premium prices near 1200/1220, risk/reward shifts in bears favor once we trigger premium prices overhead. 🔸Recommended strategy for GBPCHF bears: wait for the short-term pump into resistance and short-sell from overhead resistance near 1200/1220 SL 40 pips TP1 +75 TP2 +150 pips. final TP/exit bears is at 1080, which is premium price near range lows of the recent range. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
48