GBPCHF
GBPCHF Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCHF Will Grow! 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 price is testing a key support 1.116.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.122 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBP/CHF My Opinion! BUY!
My dear followers ,
I analysed this chart on GBP/CHF, and concluded the following:
The asset is approaching an important pivot point 1.11751
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.12222
My Stop Loss - 1.11481
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 - Long active ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: As I expected in my previous analysis price retraced, filled the imbalance and then rejected from bullish order block. Now I expect bullish price action and price to form a new higher high.
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gbpchf h4 risk/reward shifting in bulls favor buy low🔸Hello traders, let's review the 4 hour chart for GBPCHF today. Ongoing accumulation
in progress right now, currently trading near range lows at 1175. Expecting more weakness
short-term before reversal off the premium prices below current market price.
🔸Trading inside active range since November 2022, range lows set at 1080 range highs at 1330.
premium prices overhead at 1425 and 1485, below at 1035 and 0965.
🔸Recommended strategy for GBPCHF bulls. wait for correction/pullback to complete near 1040 and
get ready to buy low using SL 60 pips TP1 +120 pips TP2 +240 pips, excellent risk/reward on buy side.
this is a swing trade setup so will take more time to hit targets. do your own due dill. good luck!
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GBPCHF H4 | Potential bounce off support?Based on the H4 chart analysis, we can see that, Price is currently at our buy entry at 1.1150 which is an overlap support. Our take profit will be at 1.1195. Stop loss will be at 1.1096 which is a swing low support level.
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gbpchf long setupgbpchf have a nice support zone near and it looks like there is a good chance to have a good long position. I think the demand zone up ahead which I mark as target is used and cannot suppress the price.
⚠️ Notice:
I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
Good luck ❤️
GBPCHF to the moon? Highy probableAfter price tapped into higher timeframe POI, it gave us a shift of market structure on the inner trend which could be the beginning of its expansion to the upside. Price preceded to break further structure and has now retraced back to fill in the fvg formed during its move. It has now formed liquidity above our POI that it could use to fuel its expansion to the upside
GBPCHF Potential DownsidesHey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.127 zone, GBPCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 1.127 support and resistance zone. We would consider some potential CHF longs as it's considered a safe haven currency.
Trade safe, Joe.
GBPCHF looking good for buyers!!!!Price has been nicely printing higher highs and higher lows breaking structure to the upside. Now we are having a retracement to the downside mitigating our demand zone, therefore we will be expecting a reversal to the upside.
*Awaiting Buying confirmations
All the best!!!
GBPCHF - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: After the change of character here, we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: Tomorrow we have news on GBP, will be released monthly GDP. Pay attention to the result in order to validate the analysis.
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