Get started

Gbpchfanalysis

GBPCHF - 150 PIPS + OPPORTUNITYDo not open any trades yet, wait for second high test. I personally have already opened a trade when it did it's high test before the last candle drop. Will keep it open or close it as the market gives more data as to which direction it wants to take. GBPCHF has broken under the 4H 50 EMA and is failing to recover back on top. Following the drop, prices did a high test (weren't able to push for a move higher up). Thus, confirming it can't move back up. We can expect a drop of 150 pips + after another high test happens shortly (Green candle with tick only on top of body and preferably no tick under the body) on the 4H chart. Trade safe.
Short
by MoolahMaker
GBPCHF Short OpportunityGBPCHF 4H & 1H time frame has a good amount of confluences between indicators and price, showing bearish divergence. We are at a pretty nice area of interest where previous price action has bounced off this resistance level of 1.31000 - 1.31700. 1.31000 - 1.31500 price level is an ideal area to short this pair to previous resistance turned support, which is around 1.28250. Be on the look out for a rejection or a reversal candle preferably on the 4H chart around these area for one last confirmation to enter this trade as I believe we may still be on the 5th wave of the Elliot wave theory. Confluences: MACD, RSI & Stochastic are all showing bearish divergence on 1H & 4h TF with Daily TF currently overbought on Stoch & RSI and possible double top or double top incoming.
Short
by TkCha
1
GBP CHF Analysis: Market Outlook For the Week of Jan. 27,2019The Daily timeframe chart is examined in today’s GBPCHF analysis. Over 3 years of price action shows the Great British Pounds selling off against the Swiss Franc from November 2015 to October 4, 2016. Overall trend since October 4, 2016 to current date is identified in this analysis as a side trend with support present between 1.22592 and 1.21207. Immediate resistance marked using the blue dotted line has currently being broken to the upside which implies further bullish momentum. Bearish trendline from November 2015 is also employed as overhead resistance or supply, and therefore a likely target for the bullish price swing from January 10, 2019. Further assessment is required once and if price reaches resistance at 1.33265 which intersects the long term bearish trendline since November 2015.
by Coin_Analyst
GBPCHF analysis: Market outlook for the rest of 2018The Daily timeframe is examined in today’s GBPCHF analysis. Coverage of price action is from October 6, 2016 to current date. Over a year and 7 months of price action in the GBPCHF remained within the bullish channel shown on the chart before the GBPCHF attempted a breakout upwards outside of the channel on April 11, 2018. The failed breakout saw retracement of the GBPCHF back into the bullish followed by a breakout of the channel downwards on August 10, 2018. A bearish channel (tentative) is also drawn on the chart and is used to describe current market action from April 25, 2018 to Friday close (December 21, 2018). Any short (sell) position would have to wait till at least price reaches within and/or successfully tests the upper limit of the current bearish channel. 1.32960 and 1.31517 is expected to provide resistance on a breakout above the upper limit of the bearish channel. Any possible long (buy) position(s) alternatively is/are better initiated when the bottom of the channel is successfully tested and confirmed by momentum.
by Coin_Analyst
GBPCHF (1D): A Short-coming!GBPCHF Timeframe: 1D Direction: Short Confluences for Trade: - Bearish candle formations - Stochastic Overbought momentum - Breaking S/T Trendline & Currently at Resistance of M/T Trendline (since April 2018) - Fundamentally, Brexit uncertainty still remains in EU-UK negotiations; and even within UK government themselves. Suggested Trade: Entry @ Area of Interest 1.3020 - 1.3080 SL: 1.3162 TP: 1.2802 RR: Approx. 1.73 (Depending on Entry Level) May the pips move in our favor! Good luck! :D *This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
by weekendanalyst
3