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Gbpchf4h

GBP/CHF - Anticipating Bearish Momentum from Key ResistanceGBP/CHF is forming an Anti-Cypher Harmonic Pattern (XABCD) on the 4-hour chart. This pattern indicates a potential reversal in the current trend. Key Levels and Trendlines: The price is approaching a key resistance area and a 4-hour trendline, suggesting a possible reversal from the bullish momentum. Entry and Stop Loss: Considering the Anti-Cypher pattern and the resistance levels, a prudent entry point for a short position is 1.1385. The stop loss should be placed at 1.14500 to mitigate potential losses. Take Profit Targets: We have identified three take-profit targets TP-1: 1.13235 TP-2: 1.12650 TP-3: 1.12035 These levels align with potential support areas and provide suitable profit-taking opportunities. Conclusion: Based on the analysis of the Anti-Cypher pattern, key resistance levels, and trendlines, we anticipate a bearish momentum from Point D. Traders may consider entering short positions at 1.1385 with stop loss at 1.14500 and targeting TP levels at 1.13235, 1.12650, and 1.12035 respectively. As always, it's essential to closely monitor the market for any changes and adjust the strategy accordingly.
Short
by trading_jupiter
11
GBPCHF H4 TIMEFRAME ANALYSIS (SELL)We expect to sell this pair because it is experiencing a strong resistance upward and the New Jerusalem Indicator is turning red so we sell while hoping to make profit of 5R (risk to reward ratio). We KNOW WHAT WE ARE DOING AND WE DO WHAT THE MARKET IS DOING. This is more than an institutional analysis. Invest at your own risk. Hope you will come back with happy face on this one also. More success for you. All the best.
Short
by Piptera-Digital-Solutions
7
Potential Long on GBPCHF Based on 4H Chart H&S FormationHi Guys So I think we've got an upside down H&S pattern forming, whch looks clear to me on the 2H + 4H charts. If someone can kindly check and confirm the same, I would appreciate any comments. I've measured and marked out with pink arrow + green target zone based on length of Head from neckline. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Long
by AEFX786
4
Short GBPCHF Based on 4H + 1D Charts + FundamentalsFirstly: As a Londoner myself, it is deeply distressing to know of the recent terror attacks at London Bridge + Borough Market. My heart goes out to all those that have lost their lives to cowardly acts of terrorism that try to cause separation within our nation and everywhere around the world. Technicals: On the 10th of May 2017 price reached 1.30309 forming a double-top, which last touched on 6th of September 2016. 1D chart shows a strong downtrend, making lower highs since 11th of May. We have a major Support = Resistance at 1.21607 4H chart shows an EMA crossover whereby the 50ema crossed below the 200ema (Death Cross) pushing prices down further. More recently from 30th of May 2017 price has been ranging, yet continuing to make lower highs and lower lows as we see Bollinger bands constricting and gearing up to break out, more likely to the lower side again. Fundamentals: GBP has had a rough ride this year. Between David Cameron's resignation and the snap elections on 8th of June, we have seen great uncertainty. The recent rise in terror attacks across the UK has greatly affected tourism, something the UK economy does rely on heavily. Separate polls for the snap election are painting mixed pictures, causing fluctuations for major GBP pairs, however, I strongly believe Conservatives are losing seats with their new budget. The UK is looking towards Labour to lead the way once again and I expect this will cause a continuing decline for the near future. The Swiss Franc (CHF), a noted safe-haven currency, continues to get stronger. Rising geopolitical tensions between the US and Russia have seen the Swiss Franc making strong gains, benefitting from an increased demand for safe-haven assets. If the deadlock over the Syrian conflict continues then the Franc could remain on a bullish trend, in spite of the threat of market intervention from the Swiss National Bank (SNB). A 3.9 percent jump in exports in the three months through March helped push economic growth to 0.3 percent. While that fell short of the 0.5 percent forecast in a Bloomberg survey, it’s still the strongest performance in three-quarters. Place your stop at 1.25413 and we leave TP - We could reach 1.21607 however, there are a few support levels we must break through to get there and with the elections nearing closer, we must take this trade with caution. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Short
by AEFX786
1