Gbpchfanalysis
2 Divergences on GBP/CHFHello traders,
What we have on GBP/CHF:
- the price breakout the trendline (Sell signal)
- bearish divergence (Sell signal) and we are expecting a bearish continuation divergence
- possible double top (this one is a little hard to see it on this chart, that's why i don't show it on the chart)
- If the price breakout the low point and the support level, i will sell first to the next low point (Tp1) and after go for TP2.
The trend in bullish, that's why i wait the price to break the support.
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Enjoy it!
PS : Is my vision, make your own choices.
GBPCHF short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCHF long trade ideaPlan : 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCHF bearish sell
Price has been moving in a strong downtrend.
-PRice is struggling in a supply zone, that was once a demand zone
- price also retested a previous low
-it appears that a possible head and shoulders pattern will form
-the right shoulder has not fully formed and it look like it wants to form a double top, before the big push to the downside.
GBPCHF At Big Down Slide.GBPCHF is facing resistance at the current level, if it comes down from the current level, we might see the right shoulder forming a head & shoulder pattern. The downside target will be the neckline of the head & shoulder pattern. If it breaks the neckline, we further see a bigger downside towards the support line, as shown in the chart, which is a bi downslide for GBPCHF.
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Important Level for GBP/CHFHello Traders,
I was looking on GBP/CHF and saw a nice possible hidden divergence on D1 chart.
Still, the price is really quiet and wait for a movement.
I am thinking that the price break up the level, we can expect an upmove from the price and,
If the price go down the level, i am thinking at a continuation (Hidden bearish divergence, and we are on down trend on W1 chart).
REMEMBER : Always look for breakout, testing and confimation at level.
Leave a like and follow for more ideas.
Enjoy it!
PS : Is my vision, make your own choices.
GBPCHF SELL AFTER 1.2030HI, TRADERS
MY NAME IS KD
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YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT.
THERE IS NO OBLIGATION TO CLOSE AT TARGET TP.
RISK MANAGEMENT IS VERY IMPORTANT :)
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GBPCHF LONGHi guys,
Another nice and easy trade this. This pair is on a bullish run and we have seen a nice pullback followed by a bullish engulfing candle which suggest trend continouation of a bullish run. I have gone long on this and marked tp and sl for you as well.
Let me know your thought. Trade safe and good luck.
GBPCHF Trend Reversal Pattern At Top.GBPCHF is Trading at the top also at the current price level it is forming the descending triangle pattern which indicates the trend might reverse from here. If GBPCHF breaks from the current price level we might see further downside in GBPCHF.
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Note- Trade With Proper Risk Management System Only
Thanks
GbpChf- bearish under 1.1940After breaking the rising wedge resistance, GbpChf is consolidating in a tight range (considering its volatility).
I still believe that a top is in place and the downtrend is about to resume and a daily close under 1.1940 would reinforce this view.
Potential target for short positions can be 1.15-1.16 zone
GBPCHF long trade ideaPlan : trendline and 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 like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCHF Trading At Resistance LevelGBPCHF is consistently trading in rising wedge pattern from its bottom to the current price level, pair is facing some resistance from which we might see some price pullback and breakout of rising wedge pattern on the downside for downside target will be supporting zone level as you can see in the chart and if the pair manages to break the resistance we can see further trade continuation for a longer-term.
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Note Trade With Proper Risk Management System Only
Thanks