Get started

Gbpchfanalysis

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
Long
by GWBFX
3
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.
Short
by darcsherry
GBP/CHF Longing for PipsGood day, snipers. Here in the GBP/CHF, we previously broke through a minor area of resistance and now turned it as support and is also the 38.2 Fib level. With these three combined, I am looking for a bullish signal then that bulls have stepped into the market in order to achieve a confirmation and a better risk : reward ratio Follow me on tradingview for more ideas and sniper entries. If you liked this idea please click that thumb's up. Ideas posted are not financial advise, but merely just to give insights and education for traders. Past performances do not determine future gains. As sniper traders, we tread carefully, then we take shots immediately. Join the discussion down below.
Long
by SniperFXFree