GBPCHF - BULLISH BIASGBP - BULLISH
1️⃣ GBP trading well ahead of UK second-quarter GDP data to be released on Wednesday and helped by a weaker dollar.
2️⃣ GDP data expect to print positive tomorrow. Numbers show that spending improved towards the end of the quarter. Trade balance was better.
3️⃣ Jobless rate beat with 3.9% in June.
CHF - BEARISH
1️⃣ The SNB President Thomas Jordan has been reiterating the CB will continue to intervene strongly in the foreign exchange market to stop the rise of the highly valued franc in order to prevent deflation and protect the export-orientated economy.
2️⃣ Switzerland is expected to maintain its ultra-expansive monetary policy for some time as it is facing the sharpest downturn since the aftermath of oil price shocks in the 1970s.
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TECHNICAL
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- We are looking to long GBPCHF on RBS level + SMA 50 area.
- GBPCHF in bullish zone.
Gbpchflong
GBPCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
GBP/CHF BUY SIGNAL
Hey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation!
GBP/CHF: Daytrade-Preparation
Market-Buy: 1,19800
Stop-Loss: 1,19250
Target 1: 1,20300
Target 2: 1,20610
Target 3: 1,20945
Stop-Loss: 55 pips
Risk: 0,5 % - 1%
Risk-Reward: 2,10
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
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Any questions? PM me. :-)
GBP/CHF approaching support💡Hello traders,
Hope you all have a fantastic day !
I would appreciate any likes and follows from this idea, that would encourage me to publish more ideas and analysis.
GBP/CHF ended up negative Friday, as price now is approaching support both from trend line and moving averages.
Let us know what you think about this idea.
Trade safe !
GBPCHF on a long move 🦐GBPCHF finally break the 1.19 resistance area and recently restested it with a retracement of the 0.5 fib level.
At the moment price breaking the 4h structure.
According with our strategy we can set a nice long order.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
GBPCHF Buy Trade Setup for Intraday/Swing TradeGBPCHF Buy Trade Setup for Intraday/Swing Trade
Please manage your risk. Use Stop loss. And do not take blind entries.
If you have a question let me know. If you want to analyze any pair let me know.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
GBPCHF Roadmap on dailyprice successfully breakout the trendline resistance and we have room to go up to 1.1918 resistance level for +250 pips! I'm still waiting for price rejection to occurs on the 1.1918 support level before placing any buy order.
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCHF - SWING - 28. JULY. 2020Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Strong waves and pressure.
4 HOUR
Sideways moving market structure at its lower mid.
DAILY
Expecting another push to the upside towards previous highs!
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FOREX SWING
BUY GBPCHF
ENTRY LEVEL @ 1.18230
SL @ 1.17630
TP @ 1.19160
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
GBPCHF ANALYSISPRICE JUST BOUNCED OFF A VERY RESPECTED AND STRONG SUPPORT ZONE AND IS PROCEEDING UPWARDS. LOOKS LIKE A 300 PIPS MOVE. WILL TAKE 1 OR 2 DAYS TO REACH TP.