Gbpchfidea
Gbpchf short?The pair is approaching an important HTF resistance, thus setting the stage for shorts.
An impulsive downward breach of the LTF ascending trend line will give added probability for downside momentum.
Observe good risk management.
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GBPCHF Top-down analysis todayHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCHF:Flight to swiss safety?!GBPCHF
Intraday - We look to Sell at 1.2251 (stop at 1.2324)
Preferred trade is to sell into rallies. There is scope of mild buying but gains should be limited. A move higher faces tough resistance and we remain cautious on the upside potential Short term bias is mildly bearish.
Our profit targets will be 1.2100 and 1.2050
Resistance: 1.2250 / 1.2300 / 1.2350
Support: 1.2150 / 1.2100 / 1.2050
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GBP/CHFThe British pound has broken down significantly during the last week, showing signs of weakness and “risk off trading.” The 1.25 level has been a bit of a magnet for price, and the previous three weeks had seen the market simply going back and forth. Now that we have busted through the little bit of support, I do think that it has done enough structural damage to the market that it is only a matter of time before we short again. Keep in mind that the Swiss franc of course is a safety currency, and there are plenty of reasons out there to think that the market is going to go looking towards safety.
GBPCHF Short. Risk OFF!As the geo political tensions are rising up and CHF is a risk off asset. Many investors will be cutting their long positions on GBP and start buying Yen, CHF and Dollar. So expect DXY, CHF and JPY to be surging higher in the coming weeks. Secondly the marked areas show the high cluster of volume where the most contracts have been traded. I expect the move to the below red marked region. Best of Luck !
GBPCHF ForecastIn the above chart you can clearly see at what price you need to entre into Trade. Its better if you wait till the RED color TRENDLINE, if you get a chance to enter near the RED color TRENDLINE grab that opportunity and entre into trade.
ENTRY- 1.25000-1.24868
STOPLOSS- 1.23882 (Respect your stoploss)
1st TARGET- 1.27813
2nd TARGET- 1.29983
FX:GBPCHF
GBP/CHF 4HR SELL SET UPHi TRADERS this is my trade set up for the GBP/CHF
i am expecting a drop from the order block area as plenty of long rejection wicks in this zone, so sell only
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
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