GBPCHFhi traders
i am looking for good area for buy limit ... see this price action , i can buy after some corection ...
good luck
GBPCHF
GBPCHF Next MovePair : GBPCHF ( British Pound / Swiss France )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Lower Trend Line
Break of Structure
Divergence
Completed " ABC " Corrective Wave
Symmetrical Triangle in STF need to wait until its Breaks UTL or LTL
Impulse Correction
GBPCHF Will Go Up From Support! Long!
Take a look at our analysis for GBPCHF.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.124.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.132 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.
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GBPCHF - Looking For Sell Setups ⬇️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPCHF is stuck inside a range in the shape of a symmetrical triangle so we have been trading the range as per my last three analysis (attached on the chart)
After rejecting the lower bound / orange trendline, GBPCHF is now approaching the upper orange trendline.
Now GBPCHF is approaching the upper trendline, so we will be looking for sell setups.
Moreover, the blue zone is a strong resistance.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline. (acting as non-horizontal resistance)
As per my trading style:
As GBPCHF is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPCHF Possible to BreakoutIt can be seen that in TF D1 the potential for a breakout is very large, several trends have failed to breakout.
GBPCHF SELLMaking lower highs and low , potentially making another lower high and then should break another low. Use proper risk management.
1:26 on GBPCHFThe price action that is present has presented us data analysts with an opportunity to short this instrument to the downside for about 60 or so pips.
I am looking at a limit order at the position that I called out.
I am only risking .05% on my setups right now.
All setups have double digit risk to reward so it will all be worth it in the end.
These setups that I have been analyzing have been helping me to not overtrade in the market.
Happy trading traders!
I'll see you all at the top!
GBPCHF - Bearish Trend - ShortBased on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs).
Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present.
I recommend taking a short trade with a risk/reward ratio of 1:1.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
GBPCHF: Expecting Bullish Movement! Here is Why:
Balance of buyers and sellers on the GBPCHF pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
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GBPCHF : buy with target 50pipsGCHF will be up more
Technical analysis :
- Price was broken small trend
- A good signal : power candle
GBPCHF LongLooking for a small pull back entry to take this pair. We broke the previous high structure on the 4/1HR and the higher TF trend and momentum look like the bulls are in control. Buy limit set
GBPCHF Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring GBPCHF for a selling opportunity around 1.13600 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 1.136 support and resistance zone, We would consider some potential CHF longs as it's considered a safe haven currency in this type of environment.
Trade safe, Joe.
GBPCHF, Surprise bar. GBPCHF / 1D
Hello traders, welcome back to another market breakdown.
GBPCHF has made a lower high and shifted the structure from bearish to bullish. I'll be expecting more higher prices to see.
Checkout the chart for a low risk entry suggestion based on invalidation.
Trade safely,
Trader Leo.
GBPCHF to turnaround at 61.8% retracement?GBPCHF - Intraday
Buying pressure from 1.1108 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Although this gives the medium term bias a mild bullish edge, we expect intraday trading to continue to be mixed and volatile.
Preferred trade is to sell into rallies.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.1270, resulting in improved risk/reward.
We look to Sell at 1.1255 (stop at 1.1295)
Our profit targets will be 1.1150 and 1.1130
Resistance: 1.1250 / 1.1315 / 1.1415
Support: 1.1150 / 1.1080 / 1.0990
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
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GBPCHF BEARISH SWING ENTRY 📉The pair has made a pushback to the upper side of the ichimoku cloud but has also retested the 200MA. On the fundamentals side, the SNB is doing way better than the BOE benefiting more to the Swiss currency. For these reasons I am going short on the pair with a target at 1.09524 .
W10-27 GBPCHF BULLISH IDEAPotential Bullish Entry Dow Theory In Place -
Higher High and Higher Low Expected in Place
Formation of double bottom coupled with bullish divergence (Bullish reversal pattern)
ENtry at the break of trendline, SL & TP Levels are defined.
gbpchfIf we see the entry signal in this zone with the set loss limit, we will enter the matter of the degree of ascent, but keep in mind that this signal is used in the upper periods, so you must be patient enough, but if the goals are achieved, there will be a good profit.
GBPCHF CHART ANALYSIS POSTED ON SUNDAY 30 APRIL 2023GBPCHF CHART ANALYSIS!!!
Let's see how this pair will perform based on the analysis.
Make sure you do your research and based on your confluence please look for the entry.
Don't rush your trades without any confirmation.
Trade safe and use always proper risk management.
GBPCHF bullish continuation expected for new week
Hi viewers, GBPCHF in last days bullish, price is break zone, we are have bullish push, here for new week still higher bullish trend expecting.
TP1: 1.13000 (60)
TP2: 1.13400 (100)
TP2: 1.13800 (140)
GBPCHF - descending triangleGBPCHF has reached the bottom of the descending triangle again, if it can form a double bottom here, it will probably target the top of the triangle. If it breaks out downwards, it may decline to the next support.
Good trading!
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GBPCHF – may break out above the range – the week of 01 May 202If you zoom out on the daily chart, you can see the potential for this pair to go much higher. Looking at recent price action on the zoomed in view, we can see it has been in a range between 1.510 and 1.105. After 3 bullish days, it looks likely that the bullish PA will continue with the 1st target to the top of the range. We can anticipate stalling in the 1.140 area, but IMO achieving 1.1510 should not be too difficult.
I will be targeting the range top, taking some profit and reviewing if 1.200 region looks possible to achieve. Stop can be located below the support located at 1.105. It will be prudent to allow the market to settle down next week and look for bullish evidence on a lower time frame before committing to a position.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
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