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.
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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.
GBPCHF - 4hrs ( buy Trade Target Range 160 PIP ) Pair Name : GPB/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
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Bullish Break
1.11750 Area
Reasons
- Major Turn level
- Visible Range Poc
- Choch Arae Break
- Fixd Range Lvn
Bearish Reversal
1.13500 Area
Reasons
- Major Turn level
- Liquidity Zone
- Choch area
- Pattern target
- Quarter's Area
gbpchf h8 best level to buy/hold tp +350 pips🔸Hello traders, let's review the 8 hour chart for GBPCHF today. Previous trade setup
was on sell side, target hit +400 pips, congrats if you followed. feel free to review
original trade setup below.
🔸Currently risk/reward is shifting in bulls favor as we are trading near key bullish
levels, however one final pullback possible/likely before reversal.
🔸Recommended strategy for GBPCHF bulls: wait for price to pullback closer to 1040
key s/r levels, buy/hold TP1 +150 pips TP2 +350 pips final exit at 1400 (key s/r level).
swing trade setup, patience is required. good luck traders!
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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.
gbpchf 8hours short from resistance tp +400 pips🔸Hello traders, let's review the 8 hour chart for GBPCHF today. We are closing in on
range highs right now so naturally risk/reward is shifting in bears favor.
🔸Previously recommended buying low at 1255 right now we are trading at 1425, so
previous trade pnl running at +170 pips so congrats if you took the trade feel free to
recap original trade setup below.
🔸Recommended strategy for GBPCHF bears: wait for price to max out near 1520/1540
and short sell SL 60 pips TP1 +200 pips TP2 +400 pips final tp is 1050. good luck traders!
🎁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.
GBPCHF Downtrend Alert: Time to Sell?Good morning traders,
As anticipated, we observed a retracement in the GBPCHF pair. A rising wedge pattern has subsequently materialized, and a recent downside breakout confirms this formation. The prevailing market sentiment remains bearish. On the 1-hour timeframe, all moving averages are aligned with our perspective, and the majority are consistent on the 4-hour timeframe as well. With the 1-hour death cross still intact, our current strategy suggests maintaining a bearish position.
GBP/CHF The Target Is UP! BUY!
My dear friends ,
My technical analysis for GBP/CHF is below:
The price is coiling around a solid key level - 1.11272
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.11914
Safe Stop Loss - 1.10902
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 Will Go Higher! Buy!
Take a look at our analysis for GBPCHF.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.111.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.114 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!
GBPCHF: Will Keep Growing! The Next Goal is: 1.11400
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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GBPCHF Sell Alert: Bearish Signals Ignite Potential DropHello, Fellow Traders,
Following up on GBPCHF, our last position worked well thanks to the Falling Three Methods pattern. After that, we saw some back-and-forth, but as advised earlier, it could be a good time to get back in.
We've spotted a bearish pattern near the moving averages which typically signals a good time to sell. That said, we're also near a strong support level from a longer-term perspective, meaning the price might bounce back up.
If you see signs of a shift in the market trend, like a break through the moving averages, it might be wise to exit early to manage your risk.
Remember, informed decisions make for successful trades.
GBPCHF COULD BE A GOOD SELL Hello, Traders!
Presently, we're seeing a strong bearish tide in the overall market. Particularly noteworthy is the 'Falling Three Methods' pattern completion we've spotted on the 4-hour timeframe. This is a significant bearish signal, pointing to continued downward momentum.
We're also anticipating impactful GBP news in the next few hours. It's critical that you remain alert for swift price shifts and ensure you manage your positions in line with your account balance.
GBPCHF Potential DownsidesHey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.12250 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.12250 support and resistance area.
Trade safe, Joe.
GBP/CHF SHORT SETUP AFTER BOE NEWS I expect a strong Swiss Franc (CHF) against the British Pound (GBP) following recent events that have further weakened the US Dollar (USD). I anticipate a retracement to the 1.1130 level, where we have a Fibonacci retracement, and within that area, I will seek additional confirmation to enter a short position.
Furthermore, after the interest rate hike in the UK and statements from the Bank of England's President, we have an additional motivational factor to short the British Pound (GBP). Please let me know your thoughts on this analysis. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
GBPCHF Potential DownsidesHey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.11150 zone, GBPCHF was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 1.11150 support and resistance zone.
Trade safe, Joe.
Strifor || USDCHF-08/03/2023Preferred direction: SELL
Comment: At the moment, one of the most promising trades in the foreign exchange market. At the level of 0.87757, two false breakouts were formed, which promises a fall to mid-term lows at the level of 0.85696. It should be noted that the level of 0.87757 is a daily level, that gives it the most important value (breaking level). The fall will most likely stop near the level of 0.87000, where the volume for pushing was formed earlier.
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