Gbpchflong
GbpChf- consolidation over?After an aggressive move of around 800 pips, GbpChf has consolidated for a month.
This consolidation could be over and will be confirmed by a break above 1.2850
Strategy:
Buy the break
SL @ 1.2650
TP @ 1.3
GBPCHF Possibility of next Move.In the name of Allah, the Most Gracious, the Most Merciful.
GBPCHF Possibility of next Move.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
GBPCHF Analysis: Bullish flag breakoutHi traders, this pair has consolidated for quite some time and has formed a clear flag pattern.
The next move will probably be a strong one. It had made a fake breakout earlier so we need to see a more clear breakout to confirm buy entry.
GBPCHF Ready For Next move.In the name of Allah, the Most Gracious, the Most Merciful
GBPCHF Ready For Next move.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.
Brexit "optimism"I am not a huge fan of trading the sterling solely on technical analysis. Not with Brexit development causing price fluctuations from time to time. I always prefer (tho not exclusively necessary) trading any currency while having an objective picture (market sentiment) of the market involving the currency I want to buy or sell.
I might be late to the party (buying sterling on Brexit optimism) I have a solid belief of what the mood of the market is regarding the sterling at the moment.. that is cautious optimism and not fully priced in.
I am cautiously bullish on sterling just purely based on short term market sentiment.
A price correction is anticipated however that weekly and monthly upside projection have been hit and exceeded. I will only look for business at the levels I have marked on the chart (looking for the bear trap).
Risk event for sterling is CPI y/y number however I doubt it will cause a significant spike. Another risk for this plan are :
a) Range have been exceeded, institutional profit taking is likely
b) negative brexit news
GBPCHF retest longPound has rallied over the reports that a Brexit deal is closed. We can long when price gives us a retest back into our buy zone with a stop below the 4H engulf
Entry: 1.26612
SL: 1.25960
TP: 1.27665
GBPCHF Short Trade setup.In the name of Allah, the Most Gracious, the Most Merciful
GBPCHF Short Trade setup.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
GBPCHF - Buy Nowprice is retracing from the tested support at 1.21286 and towards to 0.618 fibo level. Bottom bollinger band also moving away from the candles shows us a bullish movement.
Note: Trade at your own risk and fundamentals are not involved in this.
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GBPCHF, Buy on H1**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 like i do, please write it in comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
Big Man GBPCHF longOK, the GBPCHF short was pretty sleek, but I was looking for the longs too early. Now that we are actually close to the area this is what I see, I don't think you should hold it all the way to the final target. Take profit along the way.
GBPCHF LONG TRADE."In the name of Allah, the Most Gracious, the Most Merciful"
This is Risky Trade use Only 0.01 Lot.
GBPCHF LONG TRADE.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
The Great GBPCHF Long!It's looking like GBPCHF will come back to test some levels that I've marked with green lines, in order to gain momentum to test the daily levels marked in red.
-It's looking very bullish because we've close above the previous swing highs that created our low.
GBPCHF LongHi,
Looking for a breakout of previous days highs. We formed a trend channel overnight and have broken it in the early hours. Technically we had a 50% retracement and are looking for a 1272 extension.
Entry: 123193
Stop loss: 122843
Target: 123995
No trailing stop here.
