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Gbpchflong

GBPCHF, daily tf, bulls in control after 3 weeks consolidationHello my friends, Here is a good setup for GBPCHF pairs, price has failed to closed above 1.2030 resitance since August 3rd. The first time GBPCHF reach it, they got rejected and price then consolidating for 3 weeks. Finally the Friday candle closed above it and i think GBPCHF ready to go higher from this point There is a chance during Monday, price could go down to retest 1.2030 as a support, this will be our cue to buy GBPCHF on the retest. I am gonna buy GBPCHF if it come to retest it on Monday. The nearest resistance is at 1.2200 area, after price breaking above this area it could be a highway until 1.24500 Buy GBPCHF 1.2030 Stop loss 1.1890 Take profit 1 @1.2200 Take profit 2 @1.2450 RR ratio 1:3 Good luck
Long
by HayatoDragonFX
GBPCHF Roadmapprice successful to breakout the bearish trendline structure and made a little upside movement after rejected from the support level. we have room to go up for +200 pips if the buyer manages to push the price to the 1.2200 resistance level after the accumulation phase ends. **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
Long
by GWBFX
2
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. ===== TECHNICAL ===== - We are looking to long GBPCHF on RBS level + SMA 50 area. - GBPCHF in bullish zone.
Long
by MonsunAsia
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. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by 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 Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez