GBPCHF is going to the moonHi there,
GBPCHF is setting up for a massive breakout to the upside, watch the price action at smaller timeframes and buy at the dips
Target is 1.37
Good luck
Gbpchflong
5 Min Recap - AUDNZD & GBPCHF TradeJust a quick look at the AUDNZD 'possible' short scenario and some COT data. Recap on the current GBPCHF long - so far so good. A good start of the month. Have a great rest of the week.
GBPCHF - Perhaps another 1st of month long will play out???The daily uptrend is pretty well established and price broke above a pretty clean resistance area and then tested the trend line with good rejection. Price broke the prev daily high and closed above the last down candles EQ (50% rea) with what appears to be possible buying Risk is 1%
Buy GBPCHFThe pair has taken a bullish order flow in the past weeks breaking previous highs. Let's ride the trend and grab some pips
Trade idea - GBPCHF Long Downward momentum is stalling and GBPCHF can go back above 1.2525 at the close of the week.
Good opportunity to go Long below 1.25 levels.
Target 35-50 pips.
GBPCHF Bullish ScenarioThere's a great chance bulls are going to dominate! More upside movement is expected!
GBPCHFno signal and dont trade please with my analysis
just my opinion in gf.
scalp position i think
GBPCHFHello Friends, As we can see price is moving inside parallel Ascending channel . Approaching on strong Channel support area . I am Expecting once again long opportunity but we need to see some confirmations. On lower time frame I will Wait for bullish price actions as well as counter line breakout.
GBPCHF LONGTrade for 150 Pips, potention for 100 more. Gbp is at a possible turning point at EURGBP which in turn with this strong resistance in GBPCHF could make this pair turn around at these levels.
GBPCHF Long @ 1.2492Price rejected from our resistance level and closed with a strong bearish candle. We expect to see further bearish momentum reaching 1.2492. From here, we will look to enter a long trade with a target of 1.2793.
GBPCHF Long currently price at level of 0.618 of fibonacci. target is 250pips long .. all the best if u taking this
GBPCHF TO CONTINUE BULLISHWith the current momentum of this market, we are safe to say that there are bullish sides to this pair.
We could see a pullback before this uptrend continues. The level of 1.27000 is keen to our eyes as we'll watch how price reacts to this level.
Targets would be a new high along this trend. Trade the trend with us. Trade Safe.
GBPCHF is ready to cross trendIn the picture, GBPCHF is strong and will breakout its trend line. If Monday candle forming bullish then we can look for buy opportunity.
retracement neededPound had gone through hell today and now on the way back for a revisit before heading back, DXY has started its correction giving way for its counter pairs a breath (hopefully).
The D chart RSI is near the edge of oversold, lower TF are all oversold, so there's a high chance that it has bottomed for now at 1.25334.
TP: Fib based, not to be greedy as Pound seems very weak
SL: below the lower edge of downtrend channel formed since 8th, July.
Trailing from 1.258 is recommended.
GBPCHF analysis using BTMM and ICTThis is one of the most controversial pairs in the market in terms of the BTMM. I am saying this because it never even moved a level for us to get a reversal entry. if look from Monday, it has been resetting since then. We are only looking at getting a return move to the last week's low for us to go long
Wyckoff Accumulation + Bullish BatFX:GBPCHF Has for the past couple months been forming a clear Wyckoff accumulation schematic. Its been manipulating the lows and we got the last low which was the spring, or shakeout. There is also a bullish bat which matches perfectly with the institutional candle that formed on the chart which is where your entry would be if you decide to take this long position. Your target would be the previous resistance at the high. Follow for more free trade setups! Good luck traders!
NOT FINANCIAL ADVICE!
GBPCHF - BULLISH BIASGBP - Bullish
1️⃣ In June, the UK inflation rate rose to 2.5% from 2.1% in the previous month, and exceeded market expectations of 2.2%.
2️⃣ UK Prime Minister Boris Johnson announced plans to end the COVID-19 restrictions in the UK effective 19 July.
3️⃣UK employment data for May is expected to be positive on the back of strong employment growth in the manufacturing and services sectors.
CHF - Bearish
The sharp decline in the EUR affected the CHF.
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TECHNICAL
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- Intraday setup on H1 chart.
- We're buying this pair on breakout resistance area.
- Confirmation with bullish heikin ashi.
- Above SMA50.
TRADE AT YOUR OWN RISK!!
GBPCHF Is Heading Higher To Complete A Flat PatternHi traders,
GBPCHF has been trading in a tight range but its price action makes Elliott Wave sense.
After a strong impulse decline in wave A, a three-wave correction is expected before the bearish continuation.
This correction seems to be taking the shape of the Elliott Wave 3-3-5 expanded flat correction pattern. Price made a three-wave rally in the circled wave a, and another three-wave decline in circled wave b.
Pink wave (b) unfolded as a triangle which makes the circled wave "b" decline a complete zigzag correction. If this count is correct, the price is expected to resume higher in five-wave in red wave B.
However, the price can be making an A-B-C-D-E triangle which means the expected rally might not breach circled wave "b" high.
Thanks for reading!
going long one more timeGBPCHF went through a tough day yesterday (So did I), it stood well and being contained under the 1.262 level in the past few hours (Asian session), I expect it to break out anytime soon for a sign of recovery .
SL set to be below the low since the recovery of yesterday's drop, the start of the mini ascending triangle.
TP is fib based, will not hold this trade beyond today, so GL. (give me back as much as I lost on this pair please! :) )
breakout soonNot sure whether Pound against CHF can drop to my price, I expect this pair to break out up.
Currently daily, 4h, 2h are all well above 50 on RSI.
SL can be 1.273 below 20MA on daily, however I'll consider 1.271 which is right beneath 50MA just to be safe - this pair has been following daily 50MA very close & well positioned. - whether it will hit my price that'll then be the question mark. :)
TP: 1.28271 is more realistic but has higher potentials
