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Gbpchflong

GBPCHF - FOREX - 03. DECE. 2019Welcome to our weekly trade setup ( GBPCHF )! - 1 HOUR Bearish drop and price movement towards previous support. 4 HOUR Prices at support zone and price average trend. DAILY Overall bullish market with a strong pullback. - FOREX SETUP BUY GBPCHF 1ST ENTRY @ 1.28340 2ND ENTRY @ 1.28050 (wait for trigger) SL @ 1.27540 TP @ 1.29210 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (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
4
British pound to continue going higher against Swiss francThe British pound rallied significantly during the trading session on Friday, testing the top of a shooting star from the Thursday session. While this would typically be a very bearish sign, the reality is that the Thursday session also featured Thanksgiving, which of course took a lot of the volume out of the market. Because of this, you can’t read too much into the candlestick. Ultimately, this market looks as if it is going to go looking towards the 1.30 level, and then eventually the 1.34 level after that which is the top of the overall market. Looking at this chart, it seems as if the 1.27 level will offer significant support, just as well as the 50 day EMA breaking above the 200 day EMA is very bullish. With that in mind, keep in the back of your head that pullbacks will offer support, and of course we have a lot of concerns when it comes to the British elections. The latest election polls suggest that the Tories are going to take over, and that of course is a very bullish sign because it means that Boris Johnson might be able to finally get the Brexit deal done. With that, it brings a bit of certainty into the marketplace. Beyond that, we also have a “risk on/risk off attitude to this pair, and as risk picks up in the form of the US/China trade negotiations, that also dries money away from the Swiss franc. At this point, it looks as if the resistance is being chewed away at, and that it is probably only a matter of time before we continue much higher. Safety currencies are getting hammer, not just the Swiss franc but also the Japanese yen of the last couple of days, and that is a trend that should continue barring some type of negative headline.
by Forex4you
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
Long
by sufiansaid
1
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. ___________________________________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX