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GBPCHF

GBPCHF to find support at 0.618 pullback?GBPCHF - 20h expiry - We look to Buy at 1.1310 (stop at 1.1260) Previous resistance level of 1.1363 broken. We are trading at overbought extremes. A lower correction is expected. Our short term bias remains positive. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Our profit targets will be 1.1460 and 1.1580 Resistance: 1.1580 / 1.1670 / 1.2085 Support: 1.1240 / 1.1035 / 1.0870 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. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
1
GBPCHF another long opportunity 🦐After our previous analysis (link below) on the 4h chart GBPCHF moved as expected and create a bullish impulse that broke the descending trendline. The price is now testing a daily resistance and we can see in the next few days a bullish continuation. How can i approach this scenario? I will wait for a potential break of the structure and if that will happen i will move on the 4h chart to look for a nice entry according to the Plancton's strategy rules
by InkyGrip
1
GBPCHF - 4hrs ( Buy Trade After Retest Tp Range 240 PIP ) 💲Pair Name : GBP/CHF 🗨Time Frame : 4hrs ➕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 ( ↗️ Long After Retest ) Type : Mid Term Swing ——————————— 🔰Bullish Retest 1.12000 Area Reasons 🔘- Major Turn level / W 🔘- Visible Range poc 🔘- inner Pattern Retest 🔘- Trend Retest 🔘- Fixed Range Value 🔰Bearish Reversal 1.13200 Area Reasons 🔘- Major Turn level 🔘- Trend Line 🔘- Fibo 0.88 Area 🔘- Visible Range Hvn 🔘- Key Level 🔰Bearish Reversal 1.14500 Zone Reasons 🔘- Major Turn level 🔘- Visible Range Lvn 🔘- Pattern Full Range 🔘- Fibo Golden
Long
by GoldenEngine
6
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. As per my last analysis (attached on the chart), GBPCHF was around the lower orange trendline so we were looking for buy setups. Now GBPCHF is approaching the upper trendline, so we will be looking for sell setups. Moreover, the blue zone is a strong supply. 🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue supply 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
Short
by TheSignalyst
13
GBPCHF – attempting a bearish breakout – the week of 13 Mar 2023Since Nov 2022, this pair has been attempting a resumption of the prior bearish trend although progress has been very slow and difficult. Price has been ranging between a trendline at the top and the horizontal s/r area at 1.070. However, PA within this triangle formation has been quite clean and the pair has consistently made lower highs. I am not convinced that a breakout is imminent, it is likely that the bulls have not given up entirely. Price may continue its movement within the triangle but I expect the 50 ema to start containing price below it during the coming week and eventually break down below the support area. I will be monitoring PA on a lower timeframe during the week to find more evidence of bearish continuation. Entry short can be at breakout or upon a retest after the breakout occurs. 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. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
4
GBP/CHF:Bank of England Holds Emergency Talks Over Credit SuisseAccording to a report by the Telegraph, the Bank of England has been engaged in emergency talks with international counterparts as concerns continue to escalate over the deteriorating situation at Swiss bank, Credit Suisse Group AG (CSGN.S). The bank has been experiencing significant financial struggles in recent times, leading to uncertainty and instability in the wider financial markets. As one of the largest and most influential financial institutions in Switzerland, Credit Suisse Group AG plays a significant role in the global financial system. Given the bank's current financial predicament, many experts are worried about the potential ripple effects that could be felt throughout the international financial landscape. As a result, the Bank of England has been closely monitoring the situation and working closely with other central banks and financial regulators to develop a coordinated response. The goal of these emergency talks is to identify potential risks and vulnerabilities in the global financial system and to develop appropriate measures to mitigate these risks. Overall, the situation at Credit Suisse Group AG has raised concerns about the broader health of the global financial system, and many experts are closely watching developments in the coming days and weeks to assess the potential impact on markets and the wider economy.
Long
by FOREXN1
1
Buying $GBPCHF hereTrade type AAA Reasons for taking this trade: Trade hit weekly demand and created the first OB that mitigated the first supply zone After hitting weekly demand it created an OB and since liquidity lies below OBs and the price had nit hit daily OB it had to retrace back and clear liquidity below OB. Then the trade retraced to and near first supply zone in which after that it created equal highs and lows which were cleared using the exgf move After clearing equal highs and lows the pair went down to create TWO OBS - one with a Higher high and this where we got our entry, Target is the daily demand. Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐 I usually use trade types to determine the amount of risk to use: In AAA - 1, 1.5 and 2% In BBB - 0.5% IN CCC - 0.25%
Long
by Sherman_Trades