Fri 23rd September 2022 GBP/CHF Daily Forex Chart Buy SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CHF Buy. Enjoy the day all. Cheers. Jim
Gbpchfbuy
Update On GBPCHF BUY Position STOPPED OUT :( :(Yesterday's CPI data in the US was like a bomb in the markets things went a little crazy during the US session after the news this resulted in my short term trade idea on the GBPCHF which triggered yesterday to get stopped out it happens this is trading :)
I still believe that we will get a correction up towards 1.13 though we have now broke the 2020 low and you have to go away back to the 1970's to were price was at these kind of levels before entering the market again I will want to see a 4hr or daily close back above 1.11 with mmy indicator giving me a BUY signal on either of these timeframes this will give me confidence to buy this pair again.
The Swiss Franc is very strong across the board at present as it is a safe haven in times like this as we can see markets are very very fundamentally driven right now and technicals are not working as they should it is best to stick to the higher timeframe charts to get a better picture of were the markets will go next.
GBPCHF Long Trade SetupA bullish opportunity recently presented itself on the pound-swissy trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 1.11000 psychological level. A stop loss below the 1.10500 psychological level and a profit target anywhere between your entry and the swing high of 1.17791 could give you a reward-to-risk ratio as high as 4 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades.
FX:GBPCHF
Stay frosty!
Your FX Plug
BUY [GBPCHF]GBPCHF Setup / Analysis
🕐 4hr's Chart
Key Technical / Reason's LONG
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What is our confirmation?
- Breakout trendline and retest
- Resistance Support level
- Pressure zone
- Pivot and MA rejection confluence
- Ascending Pattern
- Descending Pattern
- The pivot zone
- Demand Supply
- Candlestick Patterns
GBPCHF may go higher towards its resistanceHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:GBPCHF
We can see market is breaking its trend.
So we are expecting more rise from its upper trendline.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
Risk Warning:
Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence
Pound Swissy ready to bounce after falling wedge Hi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count!
We are going to discuss about FX:GBPCHF
We can see market creating a falling wedge and stuck near its strong support.
So we are expecting more rise from its support.
This is my opinion, I really hope this will be useful for you.
This is not a financial advice. Always take trade at your own risk,
Be ready and take care your money. Have a great profit !
Risk Warning:
Trading Forex and Leveraged Financial Instruments involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Trading non-leveraged products such as stocks also involves risk as the value of a stock can fall as well as rise, which could mean getting back less than you originally put in. Past performance is no guarantee of future results. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary. It is the responsibility of the Client to ascertain whether he/she is permitted to use the services of the EMOTT brand based on the legal requirements in his/her country of residence
GBPCHF - LONG IDEAHello traders,
Hope you had an amazing weekend !
GBPCHF is currently at a very strong monthly level.
This level has been respected several times in the past and it would be very difficult to break through it given that there are many underlying buy orders waiting to be filled !
Currently price saw its first valid rejection from major area of demand, expecting price to continue upwards from this level to at least 200 pips.
looking forward to see how this setup plays out !
good luck & god bless,
ETGL team <3