Gbpchflong
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
GBPCHF, price action very bullish. Hello Traders,
GBFCHF has been shaping up for the next impulse. Looking at the HTF we can see that price is consolidating within a bullish continuation structure which also made a double bottom giving us confluence that we should see a reversal soon. On LTF price was moving within a reversal channel that had a strong breakout now following by a correction for further upside movement.
Target range 350pips
Trade Safe
Thanks.
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 | IMPORTANT SUPPORTGBPCHF has formed has head n shoulder pattern (Not perfect as a book). Currently, it is holding the important zone as support and a break below will meet its downside target as marked by an arrow.
However, bulls can pull off from here by showing strength in the current price and taking the price one step higher.
Trade your levels accordingly.
⁉️ GBPCHF - Market AnalysisHello traders!
⁉️This is my analysis on GBPCHF.
Here I expect the continuation of the retracement aftert the price broke the structure. I am looking for a long if the price fills the imbalance and rejects from bullish orderblock.
Like, comment and subscribe to be in touch with my content!
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1683).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 65.
Take Profits:
TP1= @ 1.1803
TP2= @ 1.1882
TP3= @ 1.1967
TP4= @ 1.2069
TP5= @ 1.2142
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
gbpchf long idea GBP/CHF was traded side ways in a form of a consolidation for many months before the price escapes from under the consolidation zone , and if you did read my educational post about consolidations you understand that for the price to break under the consolidation zone means for it to enter a bearish phase , and that's what happened exactly , the price fell all the way down from 1.2267 to 1.1530 ( almost 800 pips of movement !).
now with the price dipping and being traded in the abyss if i may call it , the price did some jumps from 1.1530 to 1.1674 breaking above 1.1626 which I consider it as a sign of strength ( the sign of strength is a sort of a bullish confirmation) , and if the price holds above 1.1530 ( which is by the way a strong demand zone ) , the price is likely to shift from being bearish and enter it's bullish phase , and if that happen the price is likely to pump all the way up to 1.1638 as a start and if it breaks above it to 1.1675 and for a possible continuation to 1.1739 and 1.1800 .
so to summarise it : the price is showing some signs of strength and if it remains being traded above 1.1530 we will possible see a pump to the mentioned targets above .
if find the post of value please consider to support it by pressing like and commenting bellow , and make sure to follow me so you don't miss any upcoming post .
💡Don't miss the great buy opportunity in GBPCHFTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (1.1628).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. GBPCHF is in a range bound, and the beginning of an uptrend is expected.
. The price is below the 21-Day WEMA, which acts as a dynamic resistance.
. The RSI is at 54.
Take Profits:
TP1= @ 1.1722
TP2= @ 1.1806
TP3= @ 1.1899
TP4= @ 1.1997
TP5= @ 1.2124
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated!❤️
💎 Want us to help you become a better Forex / Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️