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Gbpchfanalysis

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
Big move to the downside(If breakout happened) (GBPCHF)Hi, Traders looking for a big move to the downside if breakout happened. this pair has both side opportunity buy and sell but most considerable trade is downside if anybody wants to take trade upside, take carefully. If breakout does not happen and market moves to the upside then look for one more impulse(wait for small correction for taking long position) because of three wave corrective structure. Take a short entry to the first pink level(Because of 3 wave formation) after breakout then go for last one. Note: This is mere a idea not a trading signal to trade. Trade carefully ! Thank you for your support !
Short
by Zakirraza
GBPCHF: window for buy is openThe GBPCHF pair, like most of the cross-rates, is burdened by fluctuations within a clearly delineated flat. For some crosses (for example, EURGBP) - this is a narrow range, but for the others (for example, GBPCHF or GBPJPY), the range is very significant. But the general rule is still the same - buying from the bottom of the range, selling from the top. Now, the pair GBPCHF fluctuates in the local range of 1.30-1.38. At the same time, the tendency towards the growth of the pair was prevailing lately (the pair increased from 1.18 to 1.38). In this light, buying a pair from 1.30-1.31 with targets around 1.37-1.38 and stops below 1.30 looks like a good trading idea. But one factor can be seen on the horizon, which can provoke a sharp increase of the pair up to the mark of 1.45 (the average value of the cross-rate before Brexit) or even 1.55 (the upper limit of the pair's fluctuation range in the period before Brexit). This is the so-called referendum on "living money", which will be held in Switzerland on June 10. Voting "yes" will mean breaking down the existing banking system (and this will happen in Switzerland, which is traditionally considered the world standard of the banking business) with not clear consequences, and thus provoke at least a local panic and a temporary outflow of investors from the Swiss franc. If they vote "no", then this will mean that everything will stay as is, that is, there is no reason for a sharp strengthening of the franc. In total, buying GBPCHF from the current prices seems to us a good trading idea . At least, it can be a possibility to trade a rebound from the lower limit of the local range and earn 500-600 points (at the same time risk only 100-200 points), but as a maximum we can witness flash crash in franc pairs and participate in it (with the same amount of risks in 100-200 points you can earn up to 1500-2000 points).
by Trade24Fx
(Sell) GBPCHF Technical Analysis for April 24, 2018Hello Traders, So, today we check GBPCHF pair and from my view, it looks like there are more downsides than upsides from a technical point of view. While last week was GBP bearish as the candlestick shows, what is of interest is the way that GBP closed. As we can see, not only was there an over-extension to the upside but that inverted hammer is the seal of bears. However, that’s not all. There is a stochastic sell signal in the weekly chart. These combinations hint of strong sell pressure and as such, the only logical way to trade this pair is to wait for sell signals in lower time frames and sell GBP. Even though we have a strong stochastic sell signal in the weekly chart, things are not panning out as expected in the 4HR chart. First, GBP buy momentum is picking up as stochastic shows. Besides, we have these higher highs relative to the lower BB. Fact is, prices are consolidating. The best way to trade is to have patience and wait for a break out in either direction. If there is a bullish breakout, then wait for a sell signal but if prices move lower, then trade with the weekly trend. Because of this, my GBPCHF trade plan shall be as follows: Sell Stop: 1.36 Stop Loss: 1.37 Take Profit: 1.31 Let me know what you think. Have a good trading day!! This Technical Analysis was first published by Dalmas Ngetich at Forex.Today
Short
by Kipyegonn
2
GBPCHF Is Testing Major Resistance, Time To SellGBPCHF is presenting us with a really good selling opportunity. Sell below 1.3434. Stop loss at 1.3522. Take profit at 1.3145. Reason for the trading strategy (technically): Price is testing major resistance at 1.3434 (Fibonacci extension, bearish harmonic formation) and a strong drop could occur from here to push prices all the way down to 1.3145 (Fibonacci retracement, horizontal pullback support). We have our stop loss at 1.3522 (Fibonacci extension, above major swing high resistance) to give our trade some breathing space. Stochastic (89,5,3) is seeing major resistance below 96% and a corresponding reaction could occur at this level.
Short
by MEX_Exchange