GBPCHF: STILL CORRECTION - BUY IN PROGRESSHere is my idea after, my first entry was done
good luck and safe trade
Gbpchfidea
GBPCHFHello. Due to the downtrend and the break of the uptrend line, the two targets are forecast to reduce the price
GBPCHF Long (Mean Reversion) with 3X Potential Reason
List of Reasons for potential pull back/mean reversion:
1: The market is over extended and has been moving bearish for almost 3 weeks straight with no pull back. This is more visible on the weekly chart than on the daily chart.
2: The trendline on the daily chart was broken with no retest.
3: Month Support level was broken with no retest around the 1.25*** area
Summary:
The trade has the potential to be a 4:1 RR or more abut this will depend on how deep the pull back is. Targets are set using fib tool. We also have to wait for the market to change from bearish to bull which will be visible on the H4 and Daily chart.
Once the market turn bullish, we will then be able to determine the correct RR of the trade. The trade will be left to run until the target is reached or between 5 to 10 trading days, whichever comes first.
Those who plan to sell the market in its current state must be very careful as smart money might close short some positions on the pair, forcing price to turn bullish, allowing them grab some liquidity.
GBPCHF in sell zone!!Hello traders, GBPCHF currently just below resistance created a head & shoulder pattern with a bearish engulfing pattern. A sell opportunity arises as per diagram.
GBPCHF - Bearish Bias - Sell Setuphello Guys,
if price behaves according to my analysis we have a multiple confluences here with the price action, if we have Head & Shoulder pattern, after the completion of H & S pattern and Trend line breakout we will be looking for bearish momentum to take us back down to the mentioned target.
GBPCHFlast month's price make an uptrend and already breakout + price make a pullback, last day the pullback make a significant downtrend and price already make a double top, waiting for the retest and we can make a sell position. remember to focus on money management and psychology GOOD LUCK.
GbpChf in very strong resistanceSince April, GbpChf is trading is a 200 pips range (more or less)
At this moment the pair is around 1.28, wich is strong resistance.
I expect the price to roll back towards 1.26 support
A clear close above 1.2850 would negate this scenario
GBPCHF Bearish Idea A few weeks ago I shared a bullish analysis on this pair, we observed strong bullish moves afterwards!
Today I'd like to share a bearish analysis on the same pair, even though there's a great analysis price pushing even higher but we still have a chance for bearish moves as well!
Any bearish pattern on the lower timeframe (H1 & H4) will be a clear indication for southward movement on this pair!
GBPCHF top-down analysisHello 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 Sell SetupI am waiting for pull back to trend line or zone to the zone for sell it did double top it means liquidations of the buyers now if it does pullback it means down trends has begun
GbpChf- Double top in place?Since the beginning of the month, GbpChf has risen nicely and has reached 1.28 resistance.
However, the pair looks like has carved a double top on our chart and is ready to fall.
At this moment GbpChf is sitting on the trend line support and a break here could accelerate losses.
Bearish scenario is intact under 1.28
GBP/CHF SHORT TRADE IDEAGBP/CHF Signal
Market Sell: 1,27660
Stop-Loss: 1,28300
Target 1: 1,27000
Target 2: 1,25910
Stop-Loss: 64 pips
Risk: 0,5%
Risk-Reward: 2,74
GBPCHF-Short#GBPCHF
The market is currently at falling resistance and expected to sell from this level to lower support
GBPCHF Preparing for SHORT ✅Lovely order on GBPCHF R:R 1:5
‼️Attention‼️ As soon as we get 50%✅ in profit, SL❌ to entry point & Save profit
Clear setup
@FxShzd trading style doesn't care about win rate only thing cares is Risk to Reward
Lets make trading simple W/ @FxShzd
Any question comment bellow
GBPCHF AnalysisThe Weekly timeframes shows us that GC is currently trading in a falling wedge, following a very impulsive drop. This could mean sellers are losing their steam (long-term). A further analysis of the D1 and H4 shows us that price had an impulse move up from the weekly support trendline, and is currently in a correction phase. I will be looking for opportunities to buy on lower timeframes in case price breaks out of the correction.
*Disclaimer*
This is not financial advice. Forex trading is a risky business. Trade at your own risk. Patience and risk management are crucial.
#Trade_Like_A_Magnate
GbpChf- to fall from resistanceAfter 3 weeks of consolidation, GbpChf broke under support last week
At this moment the pair has come to confirm this break and there is a high probability of a new leg down
A daily close above this now resistance would negate this scenario
🔴 GBPCHF [H4] Looking for sideway 🔴 GBPCHF Looking for sideway
Now GBPCHF prices in TF H4 have a sideway so the easiest trade is to follow this pattern.
Open Sell when price hits resistance and PA Bearlish occurs and open Buy when price hits support.
🚩🚩 Stoploss should be above the support or resistance as the pattern formed.
find more forex & crypto weekly forcast on my youtube channel
Goodluck Trader
Ton Trader
💲💲💲💲💲💲💲💲💲💲
Small pip profit for gbp/chf(400pips)New small profit for gbp/chf near 400pips.
tp@1.28246
sl@1.27234
GOING TO RETEST THE HIGHSPOUND SWISS IS IN A MOOD TO RETEST THE HEIGHS, BUT BEAR IN MIND THAT IT HAS TO GO DOWN.
GBPCHF 90% WILL IGNORE THIS SETUPbreak of structure for potential downside movement {plus the daily time frame the price is approaching the equal highs meaning we might see sellers ,
THE WAY IN WHICH WE WILL USE TO APPROACH THIS IS ALWAYS BY BEING REACTIVE AND NOT PREDICITVE - NO CONFRIMATION - NO ENTRY .
GBPCAD Trade IdeaMay be forming an Inverted Head and Shoulders pattern. Looking for the quick short for +90 pips, and then the big long once price forms the right shoulder.
