GBPCHF - AMD Pattern ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: As we can see here price is in a range for the last 3 weeks it means accumulation phase, I expect price to manipulate buy side liquidity and then to distribute lower.
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Gbpchfanalysis
GBPCHFThe GBP/CHF pair is currently in a downtrend, evident from the preceding red 1-week candle. However, on the 1-day timeframe, the pair is showing an upward trend. As the price approaches the upper band of the Bollinger Bands (BB) indicator, indicating overbought conditions, our strategy is to sell, considering the upper BB line as resistance. The target for this sell position is the 1.077 area.
GBPCHF Long Term Buying Trading IdeaHello Traders
In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPCHF Long Term SELLING Trading IdeaHello Traders
In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPCHF : Short Trade , 4hHello traders, we want to check the GBPCHF chart. The price is moving in a descending channel and has pulled back to a key level that the price has reacted to several times in the past. We expect this level to play the role of a resistance level and maintain the downward trend of the price. We expect the price to fall to around 1.08000. Good luck.
GBP/CHF SHORTGBPCHF has retested the support level of the horizontal channel on the H4 time frame,
This could become a new resistance area on the daily timeframe.
We expect the pair to re-test the key support levels listed on the chart,
We taking this trade based on technical analysis and candlestick patterns.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a breakdown of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Let's say your broker gives you 1:500, and you open 0,2 size, How much are you exposing? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long-term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
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EURCHF I Descending triangle correctionWelcome back! Let me know your thoughts in the comments!
** EURCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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False Breakout or Break Down Towards 1.06 ?I find this pair interesting, and there is a bias for both a long and a short trade, which I'll explain in this post.
Let's start with the short trade idea. Last Friday, there was a significant move as the price broke below the 1.105 support level, which had held since August last year. The price dropped to the next support at 1.09 and has since bounced back towards the 1.105 previous support and should now act as resistance.
To confirm the breakout, we need the 1.105 level to act as resistance. So, for the short trade, I'm looking for the price to come back to this level and show resistance on shorter timeframes, similar to the image below:
If we see this type of price action, I'll use my TRFX indicator to find selling opportunities on shorter timeframes. If this happens, there's a good chance of a downward move towards the BUY/DEMAND area starting at 1.06, which could attract long-term buyers and be a good place to start a long trade, this is where I will be looking to go long.
To invalidate the short trade, we'd need confirmation that the breakout was false, along with a strong weekly close above the 1.105 level.
GBPCHF I Correction and more potential downsideHello,Traders!
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GBPCHF fulfilled our previous idea and broke out of the
descending triangle to the downside. It has now formed a support
at 1.0917 which was a previous pivot support in October 2022. In
the short term, we expect a correction to the previous structure broken
and more potential downside from 1.1040 - 73. Short!
Trade safe and good luck!
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GBPCHF - Potential short ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: Here we have strong bearish price action, so I think we can see bearish market structure. I want price to make a retracement to fill the imbalances and then to reject from bearish order block.
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GBPCHF I Descending Triangle Welcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
GBPCHF Long Term Buying Trading IdeaHello Traders
In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPCHFObserving GBPCHF's current price action, there's a discernible pattern hinting at a potential ascent towards a new higher high. The outcome beyond this juncture remains intriguing – the currency pair could opt for a sustained upward trajectory, leveraging the momentum, or opt for a temporary consolidation, strategically recalibrating before charting its subsequent course. In the dynamic realm of financial markets, such junctures often present opportunities for strategic positioning, reflecting the interplay of market forces and sentiment. As we navigate these waters, staying attuned to the market's nuanced cues becomes paramount.
GBPCHF Mostly Traded in Sideways: range of 1.1500 – 1.1000The pair is trading along an sideways trend.
The downtrend may be expected to continue in case the market drops below support level 1.1000.
Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.1500, which will be followed by moving up to resistance level 1.2100.
GBPCHF Bear Trend ContinuationMy frequency analysis of GBPCHF in the daily time frame indicates a continuation of the bearish trend.
With the current price at 1.1117, I believe there is an opportunity to ride this downward momentum.
To capitalize on the bearish momentum, I suggest entering a sell position with a take profit set at 1.10642. This level aligns with the next key support zone for GBPCHF.
For risk management, a stop loss can be placed at 1.11542 to allow the trade to invalidate on a break back above the recent daily high.
Note: This is just a suggestion, and you should always do your own research before making any trading decisions.
GBPCHF LONGAfter carefully analyzing the GBP/CHF currency pair I have identified several promising buy setups that seem quite favorable.
This analysis is based on observing a significant Break of Structure on the daily time frame.
Additionally this break aligns perfectly with an institutional round number at 1.11200 which adds further weight to the bullish sentiment.
Furthermore, on the 4-hour timeframe I have noticed the presence of a bullish order block.
This order block signals a potential accumulation of buy orders and suggests a higher probability of an uptrend continuation.
This reinforces the overall bullish bias for the GBP/CHF pair.
Moreover, I have identified a diagonal break of structure on the same 4-hour timeframe. Although this break is occurring within a slightly upward trending channel it provides an additional confirmation for the bullish outlook.
Taking into consideration the Break of Structure on the daily timeframe, the alignment with an institutional round number at 1.11200, the bullish order block on the 4-hour timeframe and the diagonal break of structure in the upward trending channel it appears that there are favorable buy setups forming for GBP/CHF.
These factors collectively suggest that there is potential for sustained upward movement in the pair.
However as with any financial analysis it is essential to closely monitor market conditions and employ proper risk management strategies.
GBPCHF Long Term SELLING Trading IdeaHello Traders
In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts