Gbpchflong
GBPCHF LongRed area highlighted has been a long standing support for this pair for a very long time. There has been a bounce from the last 4H, hopefully this will rally to the trend line.
Update to follow when entry is made.
Long-term analysis #GBPCHFWe have the Stochastic monthly which is already quite low.
We arrive at a very big monthly support that just, for this reason, it is interesting to place a purchase order.
target: 1.2550
GBPCHF clear Long setupWe can see lots of confluence for a rebound on this pair :
1) Price rejected a strong horizontal support 4 times
2) Last trading day the pair printed a Doji (reversal pattern)
3) Huge RSI divergence
But we can also see that the price might be capped a bit by a couple factors :
1) Descending trendline
2) MA50
If the descending trendline is broken we can see a jump at least until the MA50 which is still far from our price so that gives us a lot of room to trade. The next horizontal resistance is not to be found until the 1.266 area.
Lets look at the 4H chart:
First thing: We see how the price found support and it is now consolidating. Also we see the RSI divergence (price falling, RSI gaining strength)
Once the price breaks out of this area it will face resistance by MA50 and descending trendline. It might directly break it as it was already tested on the 19th of July or it might do a bit what the red arrows represent.
I think it is a bit early to go long in this pair but I will be monitoring it closely.
Trade safe!
MOVE UPWARDS EXPECTED, 1DAs shown in chart, a move upward is to be expected, if you agree, support me and let me know my liking the post!
GBPCHF Harmonic AB=CD Analysis and StrategyPrice action has completed an ab=cd pattern, at a strong support zone on the 4 hr chart for this pair. The completion of the ab=cd pattern is a bullish signal therefore it validates our long strategy with our take profits set on the green zones. FX:GBPCHF
GBPCHF Double Bottom BUYDouble Bottom bounce from support. Failed to make a lower low on second test. Close above the highest point in the double bottom formation triggers the buy trade.
GBPCHF Buy to .382 Retracement GBPCHF has been bearish all month and has hit the D ext with a very shallow retracement. With good news from the GBP yesterday there may a Bullish rebound for at least a short term move. Keep an eye out on this pair because there is a Bearish H&S pattern that is forming if it breaks it could drop all the way down to .9440 level. Use a trail stop of you take the trade.
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Long GBPCHFLooking at a long on GBPCHF we have been in a downtrend on the week chart and RSI is also showing that we are oversold
GBPCHF DAfter long downtrend the pair seems to have find a bottom. We can see that it has formed a flat since the end of June but RSI gains strength. Now, MACD also confirms that the pair is ready for a leg up. The area 1.265 would be a good place to take profits as it is not only near an area of resistance but will face the 50 MA
On the 4H chart we can see how the pair is gaining strength in RSI. If it goes above the 50MA and holds, that would me my signal to enter long
GBP/CHF : Sell Trade SetupsBUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
GBPCHF - Daily/Swing - 2.july.2019A possible reversal zone for a detailed view check out the following weekly chart analysis .
GBPCHF Daily Harmonic Bat Pattern Analysis and StrategyWe see the completion of a harmonic bat pattern on the daily chart at a major support zone. We are expecting a bounce off a the support zone which signaled us to take a long position. FX:GBPCHF
GBPCHF whats nexthello guys and people as we can see here CHF is going weaker while GBP is going stronger so buy guys until we reach our target and good luck
Clean buy GBPCHF Potential BUY here waiting for GBP news 9pm then have a buy limit set at 1.21250 looking at the weekly.
set profit @1.26900
Good look everyone.
gbp/chf bullish reversal setup price making bottom for reversal, divergence formed to bullish reversal. price may further down to catch stop losses reason chf is still quite strong due to risk off.
My wife says im a PIG...She needs to stop looking in the mirror ;p
Take note of this key resistance turned support zone that price is currently at as I wont spoon feed you forever! So we are expecting bullish movement from this area.
This is a good area and is obviously where big banks have set orders previously, so start thinking like a big investor and start making money instead of working a dead end job to earn money just to waste it in forex because you think you are better than the markets and are looking to get rich quickly.
Our own personal strategy allows us to catch a few pips on the bounce of these zones and also catch the big move if it happens, if you would like to learn more about our strategy then give us a message.
