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Gbpchflong

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!
Long
by SpaceBlobb
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. ===== TECHNICAL ===== - 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!!
Long
by MonsunAsia
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!
Long
by Veejahbee
GBPCHF - FOREX - 28. JUNE. 2021Welcome to our weekly trade setup ( GBPCHF )! - 1 HOUR Market closed above main sr level. 4 HOUR Expecting further pressure to the upside. DAILY Overall bullish turning market structure. - FOREX SETUP BUY GBPCHF ENTRY LEVEL @ 1.27740 SL @ 1.27220 TP @ 1.28400 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
2
GBP/CHF | Potential Upward Movement 🚀 Technical Analysis: The pair has succeeded to break the range pattern to the upside with a big bullish candlestick. This shows that the buyers won the fight over the sellers, and they are about to push the price to the upside. A lower correction could be seen before the rally. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 1.2818 Take Profit @ 1.2861 Stop Loss @ 1.2802 Trade Safely 🙂
Long
by Forex-Robot-Nation
GBPCHF - FOREX - 14. JUNE. 2021Welcome to our weekly trade setup ( GBPCHF )! - 1 HOUR Pullback towards main sr level. 4 HOUR Closure and pressure above main support level . DAILY Overall bullish market structure, expecting more pressure. - FOREX SETUP BUY GBPCHF ENTRY LEVEL @ 1.26630 SL @ 1.26210 TP @ 1.27360 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Long
by DACapitalTrading
3
GBPCHF facing bullish pressure, potential for further upside!Prices are approaching ascending trendline support in line with horizontal swing low resistance in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension. If prices push down, prices might take support from horizontal swing low support in line with 127.2% Fibonacci retracement and 78.6% Fibonacci extension. Stochastics is also approaching 5.44 support level, with potential for a bounce.
Long
by TradeGATEHub
GBPCHF facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above both the Ichimoku cloud and ascending trendline support, in line with our bullish bias. We could potentially see price bounce at 1st support, in line with 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal swing low support, and rise towards 1st resistance, in line with 78.6% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing high resistance. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by TradeGATEHub
GBPCHF, Upside Looks Promising. Head & Shoulders?The market appears to be forming a potential head & shoulders setup as resistance were slightly broken out. However, we could be seeing some consolidated movements within the zone before the potential upside movement, therefore, it would be best to wait for further confirmations Key Factors: -Potential Head & Shoulders -Bullish break and strong bullish momentum shift as price breaks the resistance zone -Market still requires a break above the trendline and/or a more significant rejection at the support Entry Conditions: -Buy when price retests the zone and forms conirmations ; or breaks current resistance and retests the broken out level and forms upside confirmation -Actively manage trade for the upside swing by trailing stops Note that setup will be considered invalid if price rejects current resistance and reverses completely to the downside
Long
by IAmDavidX
GBP/JPY - Pound Bullish on BoE Rate Hike Expectations Fundamentals Key Points: 1. Markets are expecting UK Inflation to overshoot the central banks' 2% target and reach 3.35% in the coming years. 2. UK 10 Year Bond yields have been rising as a result of high inflation expectations. 3. Against countries like Japan, Switzerland & Germany the UK 10 Year Government Bond Yield is more attractive for investors causing money to move into the UK from these countries and the pound has been getting stronger against all three currencies as a result of the UK's Bond Yield rising. 4. The Bank of England said on May 27th that if people are moved off furlough back into work at a faster pace than previously expected, The Bank of England may be forced to withdraw some of its monetary stimulus and potentially raise interest rates as inflation will rise as the demand for goods and services rise from employment and the re-opening of the economy. 5. High levels of employment will boost price pressures at a time when inflation is already expected to be high from supply shortages caused by the pandemic. 6. This scenario means the central bank will be forced to act and withdraw its monetary support to curb inflation by reducing its bond-buying program, causing the price of bonds to decline and pushing up the Yield due to their inverse correlation. 7. A rate hike would also cause UK short-term rates to move into a profitable carry trade against currencies like the Japanese Yen & CHF & EUR. What To Watch Employment Data Rate Hike Expectations UK Bond Yield’s Trade Idea’s EUR/GBP - SELL GBP/JPY - BUY GBP/CHF - BUY Technicals GBP/JPY - Key Resistance ¥160.00 GBP/CHF - Key Resistance 131.000 EUR/GBP - Key Support €183.500 

 ATR Volatility GBP/JPY - 4.76% GBP/CHF - 4.06% EUR/GBP - 3.72%
Long
by KayansMarkets