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Gbpchfbuy

See the big picture! (GBPCHF long setup)Hi guys, after catching the big fall here (see attached analysis) today i want to show you both the charts i'm using just to give you a better perspective on how i look at markets. On the left hand side you can see the daily chart and price came back to retest a former resistance that should now become support. Why am i supposing this? This is the principle behind structure trading and it comes from a mixture of trading psychology and pure technical anlysis. Since we're now testing this sensitive zone, i start to look for long signals on the 4hr chart: on the right hand side you can see the 4hr chart and you can also see a nice divergence on the bottom of the screen, together with a psychological number that's pushed price higher. It looks fine to me, with stops below the low, target1 at little more than a 1:1 RR, target2 to be determined: if we catch the bigger trend, second target could be huge! If you want to share your view, or simply ask questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
14
Think like the others! GBPCHF analysisHi guys, today i want to share on my favorite kind of analysis: it is called CTS and it stands for Combined Technical Score. It basically consists on putting different clues together in order to rise the likelihood of each trade. You can think of it like being in the side of different entry techniques so that you're with the majority of traders. On the chart above you can see my clues list: first, we have daily structure at this point (that's the start of the process), second, there is an AB=CD pattern already completed with a shooting star candle that's giving us some buying pressure. In addition to that, price is also testing a psychological number (1,2400) and it shows some divergence on the RSI. IF the current candle will close engulfing THEN i'm going to enter long the market, with stops and targets as above. Let me know what do you think about it. If you have questions, feel free to ask beneath. Otherwise, see you in the next chart!
Long
by Roker1
Think like the others! GBPCHF analysisHi guys, today i want to share on my favorite kind of analysis: it is called CTS and it stands for Combined Technical Score. It basically consists on putting different clues together in order to rise the likelihood of each trade. You can think of it like being in the side of different entry techniques so that you're with the majority of traders. On the chart above you can see my clues list: first, we have daily structure at this point (that's the start of the process), second, there is an AB=CD pattern already completed with a shooting star candle that's giving us some buying pressure. In addition to that, price is also testing a psychological number (1,2400) and it shows some divergence on the RSI. IF the current candle will close engulfing THEN i'm going to enter long the market, with stops and targets as above. Let me know what do you think about it. If you have questions, feel free to ask beneath. Otherwise, see you in the next chart!
Long
by Roker1
6
(GBPCHF) - Daily - SpeculationBuying after a successful break out and retest. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as signal, do your own research first and you are responsible for your own entries, exit, profit and loss management. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by Tradesmanship
(GBPCHF) - 4hr - Speculation and AnalysisWhat we have here is basically : 1) Price is at strong Weekly & Monthly support. 2) Double bottom. 3) Broken trend line. Shorting at current market price. --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- Liability Disclaimer : All trades posted here are my personal view of the market. If your planning to use them as a signal, do your own research first and you are responsible for your own entries, exit, profit and loss management. ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Long
by Tradesmanship