GBPCHFHello Friends, As we can see price is moving inside parallel Ascending channel . Approaching on strong Channel support area . I am Expecting once again long opportunity but we need to see some confirmations. On lower time frame I will Wait for bullish price actions as well as counter line breakout.
Gbpchfanalysis
GbpChf- Double top in place?Since the beginning of the month, GbpChf has risen nicely and has reached 1.28 resistance.
However, the pair looks like has carved a double top on our chart and is ready to fall.
At this moment GbpChf is sitting on the trend line support and a break here could accelerate losses.
Bearish scenario is intact under 1.28
GBPCHF [H4] The price has close to the important resistance ✅✅GBPCHF The price has moved up close to the important resistance level
because at this point the resistance is hit and falls often,
so this time, if the price crashes, it is expected that the price will fall again. time
Key resistance around 1.280XX - 1.283XX (Sell Position)
SL above resistance or based on risk tolerance
Goodluck Trader
Ton Trader | Tamjai Trader
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GBPCHF TO CONTINUE BULLISHWith the current momentum of this market, we are safe to say that there are bullish sides to this pair.
We could see a pullback before this uptrend continues. The level of 1.27000 is keen to our eyes as we'll watch how price reacts to this level.
Targets would be a new high along this trend. Trade the trend with us. Trade Safe.
Wait for confirm and sell signal with GBPCHFH1 time frame.
Structure: Downtrend
Break Key level of Correction wave and retest at 1.26200.
Wait for confirm downtrend at a smaller time frame and sell signal to trigger order.
Target is next support at 1.25000.
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Wish you all have a good trading day!
GBPCHF Preparing for SHORT ✅Lovely order on GBPCHF R:R 1:5
‼️Attention‼️ As soon as we get 50%✅ in profit, SL❌ to entry point & Save profit
Clear setup
@FxShzd trading style doesn't care about win rate only thing cares is Risk to Reward
Lets make trading simple W/ @FxShzd
Any question comment bellow
GBPCHF AnalysisThe Weekly timeframes shows us that GC is currently trading in a falling wedge, following a very impulsive drop. This could mean sellers are losing their steam (long-term). A further analysis of the D1 and H4 shows us that price had an impulse move up from the weekly support trendline, and is currently in a correction phase. I will be looking for opportunities to buy on lower timeframes in case price breaks out of the correction.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial.
#Trade_Like_A_Magnate
Wait for retest and sell signal with GBPCHFH1 time frame.
Structure: Downtrend.
Correction wave with Ascending channel.
Breakout Ascending channel at resistance 1.26400.
Wait for retest at this point and sell signal.
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Wish you all have a good trading day!
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.
Set up sell limit with GBPCHFH1 Time Frame
Structure: Downtrend
Divergence signal
Break Key level
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Set up Sell Limit:
Sell limit: 1.27150
Stop Loss: 1.27596
Take Profit: 1.25719
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Wish you all have a good trading day!