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Gbpchfanalysis

GBPCHF LONG OPPORTUNITYPrice is currently consolidating, trading between resistance level at 1.28 and found support on major trendline at 1.25 level. The trendline we've found support on hasn't been broken since November 2015, so a good and strong bullish move. Strong level of support can be found on this trendline, retested several times. Unlike last time we've broken this trendline and we couldn't hold it for long, now we have a better and consolidation. Tehnically some more bullish momentum with a higher high on the RSI. Please note that this is not financial advice and we are just sharing our thoughts. We encourage anyone trading financial instruments to do their own analisys and trade responsably
Long
by HOUSEofTRADING
GBPCHF ANALYSISGBPCHF is once again testing the resitance of 1.2800, this uptrend has been going for quie a while and its approaching the resistance. If we do close below we can look for opportunities of breaking this uptrend and starting a move to the downside and testing the support at 1.2600, If however we close above the resistance we can look for opportunities of testing the resistance at 1.295. As always be reactive of the market and enter as the market decides where he wants to take the pair.
by DiogoS55
GBPCHF, 4hr tf, bearish flag patternHello guys, It has been 2 weeks since my last post in tradingview. I haven't found any interesting setup so I don't post anything. Today i finally found an interesting trade to share with you all so i will share it. As you can see, GBPCHF right now hovering at 61.8 fibonacci retracement of recent swing low. It looks like a bearish flag to me and we might get another swing to the downside. For this pair, our position gonna be sell. Sell GBPCHF 1.2670 Stop loss 1.2730 Take profit 1.2390 (4.67R) Use only 1-2% risk Good luck
Short
by HayatoDragonFX