LONG to SHORT GBPCHFDue to the clear Change of Character on GBPCHF I have the following limits in place. Price has shown good orderflow and seems to be sticking within the range I am looking at trading. I will be entering from a 1Hour OrderBlock and targeting the very next unmitigated OrderBlock (my SELL zone).
Gbpchflong
GBPCHF BUY IDEA 14TH MARCH 2022Currently we are looking at this pair having seen that we are consolidating within that area on higher timeframes and price is accumulating on the lower timeframes we look to make an entry for a buy on this pair targeting the pervious daily high. Note: This is a more aggressive entry be careful on the lot size!
GBPCHF | Possible Bullish ReversalGBPCHF is trading in a bearish trend following by a bearish parallel channel . The current price is approaching to a support zone . We are expecting bulls to take over from here as price has already shown support in the past on these levels.
Alternatively, breaking below the supports will call more bears in the party.
Trade your levels accordingly.
GBPCHF | Bounce from Support?GBPCHF after making a double top at 1.26077, drop sharply and is approaching to important support zone. Can we expect bounce from support?
If we have a good price action on the support meaning bullish candle and followed by strong candle then one can enter long.
Trade your levels accordingly.
GBPCHF | Bearish Parallel Channel
GBPCHF is trading in a bearish parallel channel, the current price action is at the top of the channel, which also formed double on shorter timeframe. We are expecting bears to be active from here and push the price to downward.
To negate this view, bulls need to show strength and void the double top, this way we have a breakout and long position can be taken.
Trade your levels accordingly.
GBPCHF BUYOverall bullish bias on the 4H chart. A retracement on the 1H touching the fib 61.8 level which coincides with newly formed support. The retracement formed as an exhaustion pattern and left a huge imbalance that should be filled prior to big moves. If the market opens with no big gaps, my plan is to enter a long position with the stop loss of 1.25123 and the take profit to be 1.25875.