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Gbpchfanalysis

GBPCHF roadmap on dailyNote : last week daily closing price was formed a bearish pinbar, this pattern bounce off from our key resistance level. it's a good call guys ;) ... i'll give an update if the short signal is ready **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
Short
by GWBFX
GBPCHF trade idea on H2Note : we have clearly seen the price breakdown the support level and now that level has the potential to become a resistance level, the area is also supported by a bearish trendline structure that is still valid, this is called a confluent area Plan : wait for prices to bounce off 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
Short
by GWBFX
GBPCHF Bearish Head & Shoulders Breakout In The Sell ZoneGBPCHF on the 4 hour chart broke down from a key support area after the market retested the backside of the trend line in the sell zone, the market created a bearish crown above that support area, now the market broke below, breaking out of the crown formation, the market is a little bit low already so i'm going to wait for the market to pull back to the downtrend line which will then also align to the past support, and there im looking to short. I hope this was helpful to you, if yes please hit the like. Thank You
Short
by ElyaStein
1
Gbp/Chf (Rejections after Rejections after Rejections)I believe this will move up! I do not believe this is a long term buy! On the weekly chart the 5 Sma and 10 Sma has already crossed to the downside giving me a sell signal on this pair on the weekly chart! HOWEVER.... I Do Not Have A Entry To Sell Yet!!!!!!! Price can move up 100 to 200 pips or more before being a sell again!!!! So My Plan is to wait!!!! If i see price moving up on hour 4 , I may try to scalp this pair for some pips up ... but overall im looking for a Sell Trade!!!!!! You can see on the chart that price keeps rejecting over and over and over at the current price level... so expect a move up!!!!! Do not enter buy right now! Just because im saying that this will go up does not mean I am saying "BUY NOW" You must wait and enter with your system!!!! If you do not have a system , then you have a lot of work to do!!!! I am at this current moment testing systems in a demo account and I always will!!!!
Long
by RlcTrading
Is the Top In For GBP/CHF?PrimeXBT is here again with another professional analysis breakdown, and today we are taking a look at GBPCHF. Last week’s bearish engulfing candle suggests we may have seen a significant-top on the GBP/CHF . Which is interesting, as is suggests that we’re headed towards a hard Brexit. During an atmosphere of intense trade tension, Brexit, Presidential impeachment and slowing global growth, investors can’t be blamed for wanting a lifeboat. The Swiss Franc is usually it. Even with some of the lowest interest rates in the world, the currency has strengthened consistently against all of the currencies in Europe during difficult times. With the election now out of the way, Sterling should continue to find dip buyers in the short-term, although the medium to long-term outlook for the British Pound remains cloudy. Still, GBPCHF's success to hold above the trendline is worth noting. In the near term, the Relative Strength Index on the GBPCHF chart is flashing signs of bullish divergence, and some growth is expected from the support zone or 0.5 Fibonacci level with the target of 0.236 level or its ex-support zone. If the price breaks this subjective key resistance level, a continuation of the uptrend will be confirmed and we’ll have to search for new buying opportunities based on the same level. Alternatively, in case it breaks below a key support level, the downtrend will be confirmed. Key Support Level: 1.2677 Key Resistance Level: 1.2929 Share your thoughts about this trade idea in the comments section below, and remember to stay tuned for future technical analysis, news, updates, and more from PrimeXBT.
by PrimeXBT
3
GBPCHF AnalysisDear Traders, Though there is increased volatility due to the election news in Britain, it looks interesting that the market is currently retracing from the resistance, you may consider looking into it; I am not saying that traders should trade this pair at this time, but sharing this to let other traders know that the market is currently following the structure flow and you may get interested on engaging it, but trading it is your own decision at the end of the day. I am sticking on my own strategy and will get into this pair with the lowest risk, just to make sure I never miss the opportunity to get something from this pair if it sticks on the structure. Anyways, good luck guys. GBPCHF Sell at 1.30000 Stop Loss at 1.38000 Take profit at 11.28930 Good luck!
Short
by sirkamal
GBPCHF Could ShortHey Traders, GBPCHF has been uptrend run for the past 5 months, this could be ending as the market made double tops; I also have to admit it is a bit riskier to shorten this pair based on its trend and how it was moving around; It is advisable to try this setup with lesser risky of your account to avoid being stopped by the market; I also put very tight stop loss to make sure losing fewer funds if the market reacts to move against our setups. GBPCHF Sell at 1.30110 Target Profit at 1.29370 Stop Loss at 1.3050 Reminder: This setup is valid only when the market opens next week without a gap above or below our structure setup. Good luck and nice weekend
Short
by sirkamal
GBPCHF is set for a drop.Hi traders, I hope you're well. As you must have witnessed recent rally on all GBP related pairs purely due to election sentiments. As things stands we can see the Tories are set for a majority but it is not easy as it seems and neither a plain sailing. We should see labour closing gaps and few other hiccups in coming days prior election and probably a hung parliament. Tories majority is almost priced in and hence any negative sentiment will cause significant drops in price. UK politics is well known for it's drama and chaos thanks to lates brexit limbo. I'm anticipating more drama's in coming days and the market bias should change accordingly. (In Theory) But I will surely not place trade based on theory and assumptions. So, here we have a nice reversing candle printed on the 4h candle also on the D chart which engulfs the previous and we are also in a major level where historically price reacts. All these suggest a reversal from this point and if you put those theories alongside the technical indicators it adds up perfectly for this trade. I have gone short on this for now and marked tp and sl for you as well. Let me know your thoughts. Trade safe and good luck.
Short
by BannaKhan
2