#GBPCHF: +400 Pips Simple Move with A great RR! Dear Traders,
Hope you are doing great we have an excellent buying opportunity on GBPCHF, where the price have formed the simple pattern and also the price behaviour and momentum suggest a bullish surge in the price. Read and learn the chart carefully and then you can take this as an educational idea.
Good luck,
Team Setupsfx_
Gbpchf_forecast
GBPCHF Technical Analysis & Trade Idea 👀👉 The GBPCHF has been exhibiting a strong bullish trend, and I'm keeping a close eye on a potential buying setup based on specific criteria discussed in the video. We'll break down the essential price action signals to monitor and how to strategically position yourself to take advantage of the next move. Disclaimer: This analysis is for informational purposes only and is not intended as financial advice. 📊✅
#GBPCHF 1DAYGBP/CHF Daily Chart Analysis
Resistance Level: 1.11300
On the daily chart for GBP/CHF, the current resistance level is established at 1.11300. This level represents a significant barrier where selling pressure has historically emerged, preventing the price from advancing further. Traders should pay close attention to this level, as a failure to break through could result in a reversal or consolidation.
Target Level: 1.08700
The target level for this analysis is set at 1.08700. This level is identified as a potential support or price target, where the market may experience buying interest or find a floor. If the price declines towards this level, it could indicate a possible area of accumulation or a reversal point, providing an opportunity for traders to adjust their strategies accordingly.
Summary
In summary, GBP/CHF is currently facing resistance at 1.11300, which could cap the upside potential in the short term. If the price struggles to breach this resistance, the market may head towards the target level of 1.08700, where support could emerge. Traders should monitor price action around these levels to gauge potential market movements and adjust their positions accordingly.
1:10 RR Sell Setup for GBPCHF Core Analysis Method: Smart Money Concepts
Based on the Smart Money Concepts methodology, the following analysis has been conducted:
😇 7 Dimension Analysis
Time Frame: H4
Swing Structure:
The current swing structure is bearish with a perfect Break of Structure (BOS). Inducement has been taken, and the corrective swing move is almost complete.
A Breaker Block (BB) Point of Interest (POI) area shows weakness in the internal structure, making it a critical zone.
The POI BB & Fair Value Gap (FVG) are identified at the initial level of the Premier zone of the impulsive swing.
Support: The previous support has now become resistance after the breakout, making this area a key Change in Polarization (CIP).
Pattern:
🟢 Chart Patterns:
No significant chart patterns have formed to support this move yet. However, it’s important to wait and observe what happens when the price reaches the level.
🟢 Candle Patterns:
The "Inside: Narrow Range 4" pattern is intact. The breakout from this pattern will determine the next short or initial move.
Volume:
🟢 Significant volume was observed at the lowest level of the swing, but there was no volume during the corrective move. This lack of volume indicates a lack of interest from bulls in the current move. Most players are still interested in selling, as the bearish trend remains strong.
Momentum RSI:
🟢 The market is currently in a bearish to sideways zone. There is no sign of a range shift, but the RSI line has taken resistance at the 60 level multiple times, indicating selling momentum is still present.
Volatility Bollinger Bands:
🟢 Contraction is fully in form, and after the breakout, the next move in volatility will be decided. Given the current bearish trend, another volatile bearish move is expected.
Strength ADX:
The ADX is currently neutral, indicating no clear strength dominance from either bulls or bears at this moment.
Rating: ⭐⭐⭐
This setup is rated as a 50/50 probability due to the neutral ADX and lack of supporting chart patterns, indicating a balanced risk.
✔️ Entry Time Frame: H4
✅ Entry TF Structure: Bearish
☑️ POI: Breaker Block
💡 Decision: Sell limit
🚀 Entry: 1.1172
✋ Stop loss: 1.1240
🎯 Take profit: 1.0507
😊 Risk to reward Ratio: 10 RR
🕛 Expected Duration: 10 days
SUMMARY:
This analysis suggests a cautious bearish setup with an entry at 1.1172, a stop loss at 1.1240, and a take profit target at 1.0507. The risk-to-reward ratio is 10:1, and the expected duration for the trade is around 10 days. The lack of volume during the corrective move, resistance at the RSI level, and intact Narrow Range pattern suggest a probable continuation of the bearish trend. However, the setup carries a balanced risk due to the neutral ADX and lack of clear supporting patterns. Monitoring the price action as it reaches the POI is crucial for confirming the trade's viability.
GBPCHF Technical Analysis and Trade IdeaAnalyzing the GBPCHF, we can clearly see that it has been in a strong bullish trend recently. The price is currently overextended and approaching a key resistance level. As we approach the end of the week, we often see aggressive stop runs, especially on Thursday and Friday. I will be looking for a potential entry if this currency pair retraces into my optimal entry zone.
In the video, I explain my perspective on price action, market structure, and the trend. Please note, this content is for educational purposes only and should not be considered financial advice. Trading involves significant risk, and it's crucial to use responsible risk management strategies.
GBPCHFThe GBP/CHF pair is showing a bullish trend on the 4-hour timeframe, having broken through a key resistance level. The price action appears to be following the Elliott Wave pattern, and it has completed the 4th wave, finding support on the ascending trendline. With this support and the key level holding, the price is expected to move upwards into the 5th Elliott wave.
GBPCHFOn the monthly chart the overall trend is bearish. Presently we are in a bullish correction targeting the unmitigated supply at 1.2 price handle.
On the weekly charts, the price has settled at a strong supply zone.
On the daily chart, price has broken higher indicating the bullish correction is still in play. If the price pushes lower, we will trade the short term bearish order flow as we look for buy entries at the unmitigated demand zone.
GBPCHF: Bulls to continue pulling upwards! OANDA:GBPCHF
GBP has been bullish since last few months especially from the beginning of the year 2024, it is also notable to see how bearish is chf. Going forward, we expect price to continue bullish and it hitting our target is almost certain. Please wait for price to come to our area once it does, please take the trade with accurate risk management.
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Team Setupsfx_
GBPCHF
GBP/CHF's recent bullish momentum can be attributed to a breakout from a falling wedge pattern, a classic technical indicator signaling a potential trend reversal. Traders entered positions strategically post-breakout, aligning with key levels to capitalize on the upward movement. This pattern suggests a shift in sentiment, potentially fueling further upside in the pair's price action.
GBPCHF Short Trade Setup A #short trade opportunity recently presented itself on the #poundswissy (#GBPCHF) #trading chart 📉.
This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern on the 1.14873 horizontal resistance level (the bodies of the candles are actually below the level).
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 1.12000 psychological level and possibly testing the strength of the 1.11665 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
GBPCHF Technical Analysis and Trade IdeaThis analysis explores a possible trading opportunity in GBPCHF. We'll dissect the current trend, analyze price action, gauge market sentiment, and pinpoint a potential entry based on favorable conditions (further details in the video). Remember, proper risk management is paramount. It's crucial to understand this video is for educational purposes only and does not constitute financial advice.
SHORT GBP/CHF from 1.2518I noticed a double top and a potential M-Top formation at resisTNCE ON gbp/chf this morning.
The neckline of the M-Top has just broken and we have other BEARISH signals.
The under used and under appreciated Andean Oscillator has seen the red SELL line move awau from zero indicating the possible entry of BEARS into this market.
We now need to see now is the green BUY line of the Andean Oscillator read less than the signal line (currently the green sell is higher than the signal line) so this trade is a touch premature as we do not have that confirmation but the RSI on H1 was reading 78 an hour ago and is now reading 69 so its dropping from overbought levels.
The MACD has yet to catch up with the price so we do not have a SELL confirmation on MACD which would preferrable.
The double top is the key selling point (as it were) for this trade so I'm in a bit early with this trade but it will result in more pips if it works out.
STOP is above the high at 1.1269 but I'll be closing this trade early if there are signs that GBP/CHF BULLS are not finished with this market.
GBPCHF Long Term SELLING Trading IdeaHello Traders
In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPCHFPair : GBPCHF ( British Pound / U.S Dollar )
Description :
Completed Impulsive Waves " 12345 " and Corrective Waves " ABC " creating Double Top Pattern in Long Time Frame at the Daily Strong Resistance Level. Bullish Channel as an Corrective Pattern in Short Time Frame
Entry Precautions :
Wait for the Breakout or Rejection
GBPCHFThe GBP/CHF pair is currently in a downtrend, evident from the preceding red 1-week candle. However, on the 1-day timeframe, the pair is showing an upward trend. As the price approaches the upper band of the Bollinger Bands (BB) indicator, indicating overbought conditions, our strategy is to sell, considering the upper BB line as resistance. The target for this sell position is the 1.077 area.
GBPCHF Long Term Buying Trading IdeaHello Traders
In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPCHF Long Term SELLING Trading IdeaHello Traders
In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPCHF I Correction and more potential downsideHello,Traders!
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GBPCHF fulfilled our previous idea and broke out of the
descending triangle to the downside. It has now formed a support
at 1.0917 which was a previous pivot support in October 2022. In
the short term, we expect a correction to the previous structure broken
and more potential downside from 1.1040 - 73. Short!
Trade safe and good luck!
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GBPCHFObserving GBPCHF's current price action, there's a discernible pattern hinting at a potential ascent towards a new higher high. The outcome beyond this juncture remains intriguing – the currency pair could opt for a sustained upward trajectory, leveraging the momentum, or opt for a temporary consolidation, strategically recalibrating before charting its subsequent course. In the dynamic realm of financial markets, such junctures often present opportunities for strategic positioning, reflecting the interplay of market forces and sentiment. As we navigate these waters, staying attuned to the market's nuanced cues becomes paramount.