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GBPCHF

GBPCHF H4 | Bearish reaction off 38.2% fibo?Price could rise towards our sell entry at 1.0935, which is an overlap resistance level, aligning with the 38.2% fibo retracement and 61.8% fibo projection. This area shows fibo confluence, hence it is a good sell opportunity. Our stop loss is at 1.1013, which is above the 50% fibo retracement and above the swing high resistance level. Take profit is at 1.0843, which is a swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Forex Capital Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. FXCM Australia Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
Strifor || USDHCF-10/26/2023Preferred direction: BUY Comment: The franc, which was also in demand as a safe asset amid the worsening geopolitical situation, also cannot withstand pressure from the American currency. At the moment, all metrics indicate a likely continuation of the growth of the currency pair, however, it cannot be ruled out that against the backdrop of another aggravation in the political arena, the franc may rise against the dollar, while all other currencies will fall against it. Thank you for like and share your views!
Long
by Strifor
6
TradePlus-Fx|USDCHF: Frank's Power💬 Description: The franc is one of the safest assets in the market, just like metals and the US dollar, which is needed to buy US bonds. However, the franc is in greater demand than the US dollar at the moment, and even in the event of another rapid strengthening of the US currency, USDCHF will most likely fall. At the moment, the currency pair is trading at the level of 0.89303, which a little earlier was a key area for buyers (Push-volume area). Most likely, these volumes are now being consumed for the next downward movement. There is an entry point, and the downward movement target is set primarily at the level of 0.88500 , the second target is 0.87757 (daily support). 🔔 FX CALENDAR TODAY 🔔 🇺🇸Chicago Fed National Activity 🇪🇺Consumer Confidence ➖➖➖➖➖➖➖ 🚀Thank for your BOOSTS 🚀 👇Share your views and FOLLOW US 👇
Short
by TradePlus-Fx
11
GBPCHF - 4hrs ( Sell Trade After Retest - Tp Range 300 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 Retest ) Type : Mid Term Swing —————————— 🏳️Bullsih Retest 1.10000 Area Reasons - Major Turn level / M - Choch Area - inner Counter - Trend Break Out - Pattern Break 🏳️Bullish Reversal 1.07000 Area Reasons - Major Turn level - Visible Range Lvn - Major Choch Area - Weekly Hvn - Fibo Golden - Pattern Target
Short
by GentleGoldenEngine
3
GBPCHF Set To Grow! BUY! My dear friends, GBPCHF looks like it will make a good move, and here are the details: The market is trading on 1.0962 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.1045 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 ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
False Breakout or Break Down Towards 1.06 ?I find this pair interesting, and there is a bias for both a long and a short trade, which I'll explain in this post. Let's start with the short trade idea. Last Friday, there was a significant move as the price broke below the 1.105 support level, which had held since August last year. The price dropped to the next support at 1.09 and has since bounced back towards the 1.105 previous support and should now act as resistance. To confirm the breakout, we need the 1.105 level to act as resistance. So, for the short trade, I'm looking for the price to come back to this level and show resistance on shorter timeframes, similar to the image below: If we see this type of price action, I'll use my TRFX indicator to find selling opportunities on shorter timeframes. If this happens, there's a good chance of a downward move towards the BUY/DEMAND area starting at 1.06, which could attract long-term buyers and be a good place to start a long trade, this is where I will be looking to go long. To invalidate the short trade, we'd need confirmation that the breakout was false, along with a strong weekly close above the 1.105 level.
Short
by TheFxAce
11
GBPCHF I Correction and more potential downsideHello,Traders! . . . . . GBPCHF fulfilled our previous idea and broke out of the descending triangle to the downside. It has now formed a support at 1.0917 which was a previous pivot support in October 2022. In the short term, we expect a correction to the previous structure broken and more potential downside from 1.1040 - 73. Short! Trade safe and good luck! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Short
by BKTradingAcademy
4