GBPCHF a turn at the 0.886 🦐GBPCHF on the 4h chart after last week's profit has retraced at the 0.886 Fibonacci level.
The price respects a descending trendline and moves below a descending resistance.
How can i approach this scenario?
I will wait for a potential break of the interested area and if the market will satisfy the Plancton's MTB strategy i will set a nice long order.
GBPCHF
GBP/CHF BULLS ARE GAINING STRENGTH|LONG
Hello,Friends!
We are now examining the GBP/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.133 level.
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GBPCHF ANALYSISLet's see how this goes for GBPCHF...
Disclaimer: The information provided in this analysis is for educational and informational purposes only. It is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The analysis is based on the author's personal opinion and should not be interpreted as a guarantee of any specific outcome or profit. The author is not a financial advisor, broker, or dealer, and shall not be held responsible for any losses incurred as a result of using this analysis. Trading and investing involve a high degree of risk, and individuals should carefully consider their investment objectives and risk tolerance before making any investment decisions. The author does not guarantee the accuracy, completeness, or timeliness of the analysis. Any examples presented are for illustration purposes only and do not represent actual investments or trades.
The Coffee Trader
GBPUSD Potential downsidesHey traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.13 zone, GBPCHF was trading in an uptrend and successfully managed to break it out. if we get any decent pullback i will be watching a potential retrace of the trend around 1.13 support and resistance zone. Considering also that CHF is considered as a safe haven in time of uncertainty along with JPY.
Trade safe, Joe.
GBPCHF Short SetupGBPCHF rejected major resistance with a bearish engulfing on 4H and a topping tail , that major resistance coincide with daily descending trendline so i decided to open a short here , we also got some Bearish divergences that confirms that price may go down, i expect to price go down until our next minor support area.
GBPCHF 5/4/2023GBPCHF is currently within a falling wedge pattern, with the price near the resistance of this pattern. It's likely that the price will pullback, then bearish to the support level of the pattern. Traders should set a stop loss if the closing price is above 1.1408. If this stop loss is triggered, long positions can be taken with bullish targets up to 1.1055.
It's important to note that this analysis is for informational purposes only and not trading advice. Trading always involves risk, and there is no guarantee of success. Traders should carefully consider their risk tolerance and trading goals before making any decisions in the forex market.
✅TS ❕ GBPCHF: uptrend✅✅ GBP CHF breaks the downward channel.
The price has fixed above the upper boundary of the channel.
The chart will continue to rise. ✅
🚀 BUY scenario: long to 1.140. 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments
GBP/CHF: Buying it! Hey guys,
I haven't posted anything here for a while and I must say I missed it!
I hope that you are well and that you are going through this particular situation in the best possible conditions.
Here is an interesting trade on the GBP/CHF pair.
We can see that the pair is very bullish whether it's in Daily, H4, H1 or M15 from an Ichimoku point of view (prices are above the cloud, the lagging span has no obstacle, etc.).
Today it broke an important resistance that I have been following for a a few days now.
If we use the "modified Schiff Pitchfork" tool we can see that the pair still has a few pips to go before it reaches a first dynamic resistance.
The idea is simple: we wait for a bounce towards the broken resistance to enter at lower levels. My target will be the blue line at the top of the pitchfork around 1.14570.
I will mention if I take a position and at what level.
If the pair continues its upward path the trade is cancelled.
Good luck to you
Jesse
GBPCHF, H4 | Nearing resistance?GBPCHF is approaching a key resistance and could potentially retreat from this level. We could see the momentum carry price down to our take profit target.
Entry: 1.13686
Why we like it:
There is an overlap resistance that aligns with the 78.6%% Fibonacci retracement
Stop Loss: 1.14131
Why we like it:
There is a swing-high resistance
Take Profit: 1.12497
Why we like it:
There is an overlap support that aligns with the confluence of the 38.2% and 23.6% Fibonacci retracement
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GBPCHF Potential downsidesHey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.138 zone, GBPCHF is trading in a downtrend and now seems to be in a correction phase in which extending pullbacks are approaching the major trend around 1.13600 support and resistance zone.
Trade safe, Joe.
Buying $GBPCHF hereTrade type AAA
My previous idea:
was a winner.
Reasons for taking this trade:
Main bias is long.
We hit FTTS(First time hitting supply) zone and rejected hence we formed rejections on the downside.
We have a nice sellside liq to be cleared.
There is liquidity to be cleared on the upside.
GBPCHF, 2 high probabilistic setups for the bulls.GBPCHF / 1D
Hello traders, welcome back to another market breakdown.
GBPCHF is shifting the structure after taking the low, I'll look to long this pair again at 2 zones mentioned in the chart.
Which one will be? Nobody knows, I go and zome in on lower time frame to get my confirmation and valid entry.
Trade safely,
Trader leo.
GBPCHF : Current Situation & Technical , Fundamental View- VIX is slightly UP, so CHF has become somewhat STRONG with the SNB RATE HIKE. Due to this STOCKS and XXXCHF CURRENCY were slightly SELL. GBPCHF was also SELL because of that. Currently there is a RISK OFF BIAS. Therefore, GBPCHF may sell slightly in the future.
- Currently GBPCHF LONG TERM can move up to the LEVEL 1.7000. Also, according to the GBPCHF STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 1.1218 to the SUPPORT LEVEL.
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Pay attention to the CURRENT MARKET SENTIMENT..
✅GBP_CHF RISKY LONG AFTER WEDGE BREAKOUT🚀
✅GBP_CHF is trading in a
Local uptrend and the pair
Broke out of the narrowing
Bullish wedge pattern which
Suggests that with high
Probability the pair is likely
To go further up towards the
Target around 1.13 area
LONG🚀
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GBP-CHF - LONGPossibility of LONG on GBP-CHF,
On the 4h chart we have a downward trend broken up, now there will probably be a retouching of the downward trend line and then an upward climb. In addition, RSI 4h shows that it is oversold at the moment, so it confirms once again the idea and the possibility of an increase.
#FreeSignal because i make my #money from #trading.
BUY_GBPCHFGBPCHF Setup / Analysis
🕐 4hr's Chart
Key Technical / Reason's LONG
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What is our confirmation?
- Breakout trendline and retest
- Resistance Support level
- Pressure zone
- Ascending Pattern
- Descending Pattern
- The pivot zone
- Demand Supply
- Candlestick Patterns
- Orderblocks