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Gbpchflong

Possible Short Term LONG on GBPCHFBUY trade idea on GBPCHF I have also posted a SELL idea on another thread. GBPCHF has been grinding down for a while now extremely oversold again yesterday it popped a new low below 1.13 which was last week's low and the retracing sharply back up towards 1.135. Price seems to be forming a bit of a support around 1.13 though zooming out to the weekly charts we can see a Weekly low/support from 2020 @ 1.125 so I suspect the market will try and test this. My idea for today is to look for a BUY signal using either my custom indictor or a MACD divergence signal on 15min or 30min chart as price approaches and goes below the 1.13 mark I have marked my trigger zone on the chart. I will want to put my stop loss down below the 2020 weekly low/support @ 1.121. Profit target will be between 1.145 - 1.15 using a trailing stop as the trade progresses. Breakeven target will be 30 - 40 pips closing 50% of the position and moving the stop to entry price. If no signal occurs on my indicator or on the MACD I will not enter this trade and a clean break and close below the 1.125 level will invalidate my idea.
Long
by TheFxAce
GBPCHF LONGFor a very long time, since 1993 GBPCHF is in down trend and it has created completed the 3rd wave on 1 august 2011. Till then its in a flat correction for the 4th wave of the circle. And for the 4th wave its forming ABC pattern while A & B of the ABC flat correction is also completed and moving for the C leg of the 4th Wave. Today is 15th August, and historically August is the bottom of the 3rd wave, so we expect long position for this pair. For this idea our invalidation level also marked. All the best!
Long
by KhalasMunafa
Jamie Gun2Head Idea - Buying GBPCHFTrade Idea: Buying GBPCHF Reasoning: At key support level, looking for a move higher in the channel Entry Level: 1.1526 Take Profit Level: 1.1710 Stop Loss: 1.1499 Risk/Reward: 6.81:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
GBP/CHF: Long Reversal running & FED commentGBP/CHF: Long Reversal running > Higher high and higher low printes > inner trendline break > quadruple bottom > POC below current price We are seeing broad GBP-strength, also visible in GBP/CAD, GBP/AUD, GBP/JPY and GBP/NZD. GBP/CHF checks all the criteria for a long entry according to our H/L Wall Street System. Post Fed Meeting The dust has settled since the FEDs epxted 75bps interest rate hike. During the press conference Powell communicated what we call a "dovish hike". The FED did hike interest rates, but the forward guidance is not as strongly hawkish as in the past anymore. Now, the FED ist data-dpendent, which is a softer stance on rate hikes. The consequence is a risk-on reaction in the markets: Stocks are rising, USD and JPY is weakening and Crypto is rallying. Please always remember: Trading is a game of probabilities. This means that a single trade is not important. A system plays out over a large number of trades (i.e. 100-200 trades). Every trade should be taken with a risk as a % of your capital. Risk management is absolut key. A win rate of 70% means: Out of 100 trades, you will have 70 wins and 30 SLs. Do not risk your account on the 30 SLs. Best Meikel & Team WSI
Long
by WallStreetIntelligence
2
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
Long
by Theranasaramd
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
Long
by Theranasaramd