GBPCHF Consolidating Range for tradingGBPCHF is consolidating for sometime we might see more consolidation in GBPCHF if anyone want to trade one can trade at support zone and resistance with stoploss . after break consolidation range on either side one can trade on breakout side for longer term perspective.
Gbpchfanalysis
GBPCHF long trade ideaPlan : trendline breakout --> wait for 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.
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GWBFX
GBPCHF to reverse from downside confirmation, potential drop!
GBPCHF to reverse from its downside confirmation at 1.20696 where it could potentially drop further to 1.16860.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCHF LONG TO RESISTANCE FOLLOWED BY CONTINUATION OR REVERSALComparing Weak Vs Strong currencies this past week (end 2/14), GBP shored strength whereas CHF relatively weak of the two currencies-- meaning a BUY bias for the pair.
Daily chart analysis has the pair price approaching significant Resistance.
A good technical approach on this pair provides awesome Long opportunity to Resistance with potential continuation to upside or counter-trend to downside targets depending on price action and/or currency strengths.
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GBPCHF potential bounce!
GBPCHF expected to reverse up to 1st support at 1.27094 where it could potentially react and bounce to its resistance at 1st resistance at 1.27578.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CHF to Weaken? - GBP/CHF Ichimoku Long TradeThis pair finally broke above a resistance level we've had our eye on in the membership.
Ideally we would get a drawback all the way back down to the top of that zone to act as support.
If it holds then we would look to get long which is how I drew it out on the chart.
While we could take a buy on a break up above our current candle wick high the risk to reward would be pretty low so I'll probably avoid taking that trade.
If we fail to get the drawback and support to hold, or if our bullish confirmations change, this setup may become invalidated.
GBPCHF buy on H5Plan : resistance breakout --> wait for price to bounce off from horizontal support --> 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 trade idea on H4Plan : wait for price to bounce off from horizontal / trendline resistance --> 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