GBPCHF Sell and after looling for buy setupI will sell wave 5 down GBPCHF after a pullback to wave 4
Gbpchfidea
GBP/CHF SHORT SET UPSell GBP/CHF
Entry 1 1.28040
Entry 2 1.28280
Sl 1.28600
Tp.1 1.27740
Tp.2 1.27540
Tp.3 1.27340
Tp.4 1.26980
GBPCHF - Short?Open position in the correction phase is always risky, but let see what happens next!
Cheers!
GBPCHF - Long for last waveI think we're in 4th wave and anytime it could be ended and start going up to finish the wave 5.
Let see what happen ;)
Cheers
GBPCHF BUY TRADE @H4 CHARTFX:GBPCHF
Now this pair trading in a range between 1.26700 to 1.28500
We can expect the break out above the Moving average.
Buy stop may placed @ 1.28500 level
Potential Take profit will be 1.31000
Stop lose may placed below the 1.26600 level
FOLLOW ME: GBP/CHF SHORT OpportunityGBP/CHF is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry.
Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing!
COLOR KEY (which time frame each markup is based on):
RED - Monthly
ORANGE - Weeky
GREEN - Daily
AQUA BLUE - 4H
PINK - 1H LIGHT BLUE - 15M
PURPLE - 5M
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GBPCHF LongHi,
Looking for a breakout of previous days highs. We formed a trend channel overnight and have broken it in the early hours. Technically we had a 50% retracement and are looking for a 1272 extension.
Entry: 123193
Stop loss: 122843
Target: 123995
No trailing stop here.
Very possible long trade opportunity GBPCHF...Price have shown a nice move back up through various resistance lines. Now we see a clear level of support @1.195 and I expect a move up to @1.212
Just be patient and let's see what happens.
#GBPCHF, Is there an end to the declines or not yet?Important weekly support has been breached.
The red line above the green line within the Ichimoku cloud marks continued declines.
The gbpchf is below all the important moving averages.
Uncertainty in the UK weakens the pound.
Uncertainty in the global economy strengthens the chf
Target: 1.1480
Long-term analysis #GBPCHFWe have the Stochastic monthly which is already quite low.
We arrive at a very big monthly support that just, for this reason, it is interesting to place a purchase order.
target: 1.2550
GBPCHF clear Long setupWe can see lots of confluence for a rebound on this pair :
1) Price rejected a strong horizontal support 4 times
2) Last trading day the pair printed a Doji (reversal pattern)
3) Huge RSI divergence
But we can also see that the price might be capped a bit by a couple factors :
1) Descending trendline
2) MA50
If the descending trendline is broken we can see a jump at least until the MA50 which is still far from our price so that gives us a lot of room to trade. The next horizontal resistance is not to be found until the 1.266 area.
Lets look at the 4H chart:
First thing: We see how the price found support and it is now consolidating. Also we see the RSI divergence (price falling, RSI gaining strength)
Once the price breaks out of this area it will face resistance by MA50 and descending trendline. It might directly break it as it was already tested on the 19th of July or it might do a bit what the red arrows represent.
I think it is a bit early to go long in this pair but I will be monitoring it closely.
Trade safe!
GBPCHF 1D and 4H short !as we see gbpchf has broken the bottom trend line and the support line.
and now the position of the candle is currently retest in the Fibonacci area.
so we have to find the right moment to enter the sell position
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.
GBPCHFMy opinion on GBPCHF is the price might touch the 50 SMA before continue to the downtrend or uptrend. But let see what the daily price action gives us for tomorrow. Patience is one of best weapon one trader must have . Good luck guys
GBPCHF Sell Trade OpportunityWe Are Seeing A Nice Sell Opportunity Will All This GBP Pairs This One ( GBPCHF ) Included. Preferably, Look For Sell SetUps & Then Enter. This Can Also Act As An Entry Point JuSt Make Sure You ManAge The Trade With A Good SL (nOT tO tIGHT) Preferably 1.2964 Levels
