GBPCHF
GBPCHF to find resistance at 0.618 pullback level?GBPCHF - Intraday - We look to Sell at 1.1300 (stop at 1.1335)
Buying pressure from 1.1195 resulted in prices rejecting the dip.
We have a 61.8% Fibonacci pullback level of 1.1298 from 1.1435 to 1.1075.
The 200 day moving average should provide resistance at 1.1250.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Further downside is expected although we prefer to sell into rallies close to the 1.1300 level.
Our profit targets will be 1.1195 and 1.1175
Resistance: 1.1580 / 1.1905 / 1.2115
Support: 1.1035 / 1.0870 / 1.0705
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GBPCHFWe are in a side range higher than the fractal, the best strategy is fluctuations between the floor and the ceiling.
Currently, we are witnessing an upward movement in the encounter with the bottom and the support zone and a positive divergence.
We are between the static support area of 1.12118 and the resistance of 100 Fibo projection with the area of 1.12534 pivot point.
It is expected that after the breaking of the super-growth range up to the ranges of 1.12962 and 1.13549, there is no need to touch both targets, and also the areas between the targets can play the role of resistance or the reason for There are corrections.
GBPCHF- more buying pressure don't missHey Everyone,
in this analysis, GBPCHF has moved within the correction currently which looks bullish for some days now, and it's currently forming a correction after an impulse. The initial phase will be an impulse>>correction>>impulse.
that is i'm expecting a bullish impulse to form.
WHAT ARE WE EXPECTING:
# look for a lower time frame continuation correction to ride the trend.
HOW DO WE ENTER:
# on a break of trendline either the continuation correction or top break of line
OUR STOP LOSS LEVEL:
# when the pattern change(bearish pattern form)
POSSIBLE TARGET:
3:1 rr to top of the arrow
THANKS FOR READING.
AS ALWAYS TRADE SAFE AND STAY SAFE!!!
GBPCHF - Trading Inside The Box! 📦Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
on H4: Left Chart
GBPCHF has been stuck inside a range so we will be trading the range until it is eventually broken upward or downward.
Now since GBPCHF is sitting around the upper bound of the range, we will be looking for sell setups on lower timeframes.
o n H1: Right Chart
🏹 For the bears to take over, we need a momentum candle close below the gray last swing low to sell.
Meanwhile, until the sell is activated, GBPCHF can still trade higher or even break the upper bound of the range.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPJPY I It will retest previous structure broken and riseWelcome back! Let me know your thoughts in the comments!
**GBPJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPCHF : Current Situation & Technical , Fundamental ViewGBPCHF - - 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 1.1537. Also, according to the GBPCHF STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 1.1159 to the SUPPORT LEVEL.
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Pay attention to the CURRENT MARKET SENTIMENT..
GBPJPY I Potential short from resistance Welcome back! Let me know your thoughts in the comments!
**GBPAUD Analysis - Listen to video!
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GBPAUD I It will correct from resistanceWelcome back! Let me know your thoughts in the comments!
**GBPAUD Analysis - Listen to video!
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GBPCHF a short opportunity 🦐The GBPCHF currency pair is currently in a bearish trend on the daily chart, as indicated by the formation of descending highs and equal lows. This price action suggests that there is strong downward momentum and that the bears are in control of the market.
Price has been consistently trading below a key support area at 1.11000, which is a critical level for this pair. If the price breaks below this level, it could signal a further decline and open the door for a sell opportunity for traders looking to capitalize on the bearish continuation.
In technical analysis, a break below a support area is often seen as a bearish signal, as it indicates that the bears are taking over and pushing the price down. This can also result in a shift in market sentiment, with traders becoming more bearish and potentially leading to further selling pressure.
However, it's important to keep in mind that technical analysis is just one tool in the arsenal of a trader and it should always be used in conjunction with other forms of analysis, such as fundamental analysis and risk management. Additionally, it's also important to consider the potential for false breakouts, so traders should use stop losses and have a clear exit strategy in place.
We will wait for a clear break and move on the 4h chart to check the opportunity of a short order according to the Plancton's strategy rules.
GBPCHF pending orders In this analysis my view on GBPCHF and my major bias i see coming for this week. For me i will be looking for bullish momentum.
confluence;
higher time frame continuation correction
mini double bottom
descending pattern on the lower time frame
15mins possible impulse
what i am expecting;
1. A bullish continuation correction needs to form to continue the trend
2. Or a reversal pattern for a buy
thanks for reading
AS ALWAYS TRADE SAFE AND STAY SAFE!!!
EURCHF I It will continue shorting Welcome back! Let me know your thoughts in the comments!
**EURCHF Analysis - Listen to video!
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GBPCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on GBPCHF .
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement after taking out sell stop liquidity and then to reject from bearish order block.
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GBPCHF - 12 hrs ( Sell Trade Target Range 400 PIP ) 💲Pair Name : GBP/CHF
🗨Time Frame : 16 hrs
➕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 ( Short ↘️ )
Type : Mid Term Swing
———————————
🔰Bearish Break
1.11100 Area
Reasons
🔘- Major Turn level
🔘- Visible Range Lvn
🔘- Pattern Break Out
🔘- Fixed Range Hvn
🔘- Prev Month
🔰Bullish Reversal
1.06500 Area
Reasons
🔘- Major D Turn level
🔘- Pattern Target
🔘- Fixed Range Value
🔘- Fibo Golden Area
GBPCHF Potential for Bearish Drop | 15th February 2023Looking at the H4 chart, my overall bias is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a pullback sell entry at 1.12724, where the overlap resistance and 50% Fibonacci line is. Take profit will be at 1.10481, where the previous swing low is. Stop loss will be at 1.14351, where the previous swing high is.
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GBPCHF Potential for Bearish Drop towards previous swing low Looking at the H4 chart, my overall bias is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Looking for a pullback sell entry at 1.12724, where the overlap resistance and 50% Fibonacci line is. Take profit will be at 1.10481, where the previous swing low is. Stop loss will be at 1.14351, where the previous swing high is.
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GBPCHF Potential for Bearish Drop | 15th February 2023Looking at the H4 chart, my overall bias is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Looking for a pullback sell entry at 1.12724, where the overlap resistance and 50% Fibonacci line is. Take profit will be at 1.10481, where the previous swing low is. Stop loss will be at 1.14351, where the previous swing high is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
GBPCHF Running +80 Pips | Update in Description 📈💷 In the last few weeks, the British Pound has been on the rise, gaining against major currencies such as the US dollar and the Euro 💪🏼🚀 This trend has been fueled by several positive economic data releases, including better-than-expected GDP growth, retail sales, and employment figures 📈💼🛍️👨💼 Additionally, hopes of a post-pandemic recovery and progress in Brexit negotiations have supported the Pound's upward momentum 🌅🌤️🤝 Looking ahead, upcoming events such as the Bank of England policy meeting and the UK budget announcement could provide further clues on the Pound's future direction 📰👀 #BritishPound #Appreciation #Economy #Finance #UK #Investment
🚀📈💷 Hold onto your hats, because the British Pound is on a rocket ship to the moon! 🌕🚀💪🏼