GBPCHF short movement forecastGBPCHF short movement forecast, waiting TL break out and retest
Let's see what happend on next week
Gbpchfanalysis
GBPCHF Short Trade In Channel Pattern.GBPCHF is consolidating on downside and also it is trading at resistance level of channel pattern. According to chart pattern analysis, We might see down side in GBPCHF . One can initiate short side trade with proper risk management system and stop loss
Thank You.
GBPCHF - BULLISH BIASGBP - BULLISH
1️⃣ GBP trading well ahead of UK second-quarter GDP data to be released on Wednesday and helped by a weaker dollar.
2️⃣ GDP data expect to print positive tomorrow. Numbers show that spending improved towards the end of the quarter. Trade balance was better.
3️⃣ Jobless rate beat with 3.9% in June.
CHF - BEARISH
1️⃣ The SNB President Thomas Jordan has been reiterating the CB will continue to intervene strongly in the foreign exchange market to stop the rise of the highly valued franc in order to prevent deflation and protect the export-orientated economy.
2️⃣ Switzerland is expected to maintain its ultra-expansive monetary policy for some time as it is facing the sharpest downturn since the aftermath of oil price shocks in the 1970s.
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TECHNICAL
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- We are looking to long GBPCHF on RBS level + SMA 50 area.
- GBPCHF in bullish zone.
GBPCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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GWBFX
GBP/CHF BUY SIGNAL
Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
GBP/CHF: Daytrade-Preparation
Market-Buy: 1,19800
Stop-Loss: 1,19250
Target 1: 1,20300
Target 2: 1,20610
Target 3: 1,20945
Stop-Loss: 55 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,10
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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GBP/CHF approaching support💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
GBP/CHF ended up negative Friday, as price now is approaching support both from trend line and moving averages.
Let us know what you think about this idea.
Trade safe !
GBPCHF Buy Trade Setup for Intraday/Swing TradeGBPCHF Buy Trade Setup for Intraday/Swing Trade
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
GBPCHF POSSIBLE LONGTHE PRICE IS MOVING AT STRONG SUPPORT LEVEL WHICH WAS OUR PREVIOUS RESISTANCE
SO I EXPECT A THE PRICE TO MOVE MORE TO THE UPSIDE
AND SO AS TO COMPLETE THE N FORMATION
GBP/CHF going lower💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
GBP/CHF has been rejected from ascending channel resistance line and now will head down to test support line of this channel.
Let us know what you think about this idea.
Trade safe !
GBPCHF Roadmap on dailyprice successfully breakout the trendline resistance and we have room to go up to 1.1918 resistance level for +250 pips! I'm still waiting for price rejection to occurs on the 1.1918 support level before placing any buy order.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBP/CHF LONGGBG/CHF doesn't stop anything from going another 200 pips up, when it gets to that area, we'll see if it breaks through the strong structure weekly or goes down.
GBPCHF | WEEKLY FORECASTThe Pound to Swiss Franc (GBP/CHF) exchange rate rose by 0.02% in the wake of Friday to drop in value in the latter part of the day; with the pairing currently fluctuating around 1.195. I am expecting a temporary downtrend in the form of correction at this juncture in the following week(s).
Tendency : Downtrend ( Bearish )
Structure : Harmonic (3 Drive)
Observation : i. Anticipation for a reversal appears to be high as price goes through a series of three consecutive Higher Highs indicated on the chart as Drive 1, 2 and 3 to hit my Supply zone.
ii. Corrective wave is at 61.8 retracements for each leg.
iii. Drive 1, 2 and 3 falls at 1.272 extensions of the corrective waves.
iv. A sharp rejection of Supply zone @ 1.20000 could be a signal inciting the Bears presence.
Trading plan : SELL confirmation with a minimum potential profit of 150 pips.
Risk/Reward : 1:3
Potential Duration : 1 to 4days
NB: This speculation can be considered to make decisions on lower timeframes.
Watch this space for updates as price action is been monitored.
NirvanaForex
Risk Disclaimer:
Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
GBPCHF GBPCHF PRICE IS MOVING TO STRONG SUPPORT LEVEL WHICH WAS OUR PREVIOUS RESISTANCE.
IF IT DOES NOT BREAK THE STRUCTURE,
I EXPECT TO LOOK FOR A GOOD LONG POSITION.
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GBPCHF Long Trade AnalysisHello traders, here is the analysis for USDJPY. NOTE please do your own analysis before taking the trade. Let me know if you guys have any questions in the comment section. If you guys like my analysis please hit like. Thanks.
GBPCHF SELL !!!we are entering to sell this pair as it confirmed break out channel
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GBPCHF ANALYSISPRICE JUST BOUNCED OFF A VERY RESPECTED AND STRONG SUPPORT ZONE AND IS PROCEEDING UPWARDS. LOOKS LIKE A 300 PIPS MOVE. WILL TAKE 1 OR 2 DAYS TO REACH TP.
GBPCHF At Downside Breakout From Channel PatternGBPCHF is consolidating in Channel Pattern, According to chart pattern analysis, we might see a breakout on the downside from Channel pattern towards the support 1 and support 2, as target price. One can initiate the short side trade only after the breakout on the downside with proper risk management and stop-loss.
Thank you
