Gbpchfanalysis
GBPCHF Analysis: Price may fall towards the trendlinePrice has already broken the structure from the lower side on hourly time frame and is retesting the breakout.
Price has previously respected a trendline a number of times.
It may fall as a result of the breakout as well as it to test the trendline for another time.
This setup will only be valid if the price does not manage to break back into the structure and retests the breakout successfully.
I would appreciate your views on the pair. If you like the analysis hit the like to show support.
FOLLOW ME: GBP/CHF SHORT OpportunityGBP/CHF is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry.
Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing!
COLOR KEY (which time frame each markup is based on):
RED - Monthly
ORANGE - Weeky
GREEN - Daily
AQUA BLUE - 4H
PINK - 1HLIGHT BLUE - 15M
PURPLE - 5M
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GBPCHF approaching resistance, look out for potential reversal!
GBPCHF is approaching its resistance at 1.20363 where it is could reverse down to its support at 1.20148.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Pound to end the weakness? - GBP/CHF Ichimoku Long Trade SetupThis is a second entry on a previous trade setup that we took a look at.
We're already running in profit from the previous trade setup, but we've gotten a bullish TK cross and I'm watching for the pound to try and push higher.
We have been consolidating a little bit here but especially if we can break up and above the first target line for the new trade, we should be able to get a big rise.
We can try to entry right at market open or wait for an actual touch on tenkan sen for a confirmed buy entry.
If we fail to hold support or climb higher, then this setup may become invalidated.