Pending BUY on GBPCHFRecent activities in price action suggest potential for trend continuation in this pair. Pending long with trade duration between 3 and 7 days.
Gbpchflong
GBPCHF - LONG POSSIBILITYAT FIRST SEEMS LIKE A BREAKOUT BUT IT WAS JUST TO TOUCH THE TREND LINE THEN BUY TO THE NEXT RESISTENCE
GBPCHF reversed off key resistance, potential for further drop!Price is facing bearish pressure from our first resistance (horizontal overlap resistance, 61.8% fibonacci retracement, 61.8% Fibonacci extension) and Ichimoku cloud where we can expect a further drop to our major support level (horizontal swing low support, 61.8% fibonacci extension). RSI is also seeing a bearish exit.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBP/CHF: Sell Trade Setup !!BUY & SELL 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 approaching support, potential bounce!GBPCHF is approaching our first support at 1.2852 (horizontal swing low support, 50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce might occur above this level to our major resistance at 1.3193 (horizontal swing high resistance, 61.8% Fibonacci retracement).
Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPCHF came to key support zone.GBPCHF came to key support zone. We can look small timeframe for entry.
GBPCHF approaching support, potential bounce! GBPCHF is approaching our first support at 1.2852 (horizontal swing low support, 61.8% fibonacci extension, 50% fibonacci retracement) where a strong bounce might occur above this level to our first major resistance at 1.3057 (horizontal pullback resistance, 38.2% fibonacci retracement).
Stochastic (34,,53) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBP/CHF hits 1-year high The GBP/CHF currency pair on the daily time frame has been following an uptrend recently. The pair hits 1-year high of 1.34225 on 13 March. After reaching 1-year high, the currency pair experienced some selling pressure from the bears but managed to hold the key support level of 1.30644. The price action in the GBP/CHF is mainly driven by the strength in the Pound Sterling due to recent Brexit developments. As of writing, the price is hovering around 1.33096, MACD (Moving Average Convergence Divergence) above zero and the price above 200-period moving average supports the bullish sentiment in the GBP/CHF.
The daily chart of the GBP/CHF confirms the positive sentiment in the price movement as the pair is making successively higher tops and higher bottoms.
By applying Oscillators analysis, all three indicators confirm the positive bias in the market. As the chart shows, price is well above the 200-period Moving Average. The MACD (Moving Average Convergence/Divergence) is recording values above the zero-line which shows positive sentiment in the GBP/CHF. RSI (Relative Strength Index) showing values above 50 which supports the bullish sentiment in the market. Price action is looking strong to register another high in coming days.
In alternative scenario, key support level lies at 1.30644, if price breaks below this level, only then bears can push the price lower.
GBPCHF Harmonic Gartely Pattern Analysis and Strategy Results The result of our analysis and strategy on this pair was accurate and hit our price target. We bought at the completion of the Gartely Pattern and as you can see it moved as predicted and hit our take profit. FX:GBPCHF
GBPCHF approaching support, potential bounce! GBPCHF is approaching our first support at 1.3125 (horizontal overlap support, 38.2% Fibonacci retracement) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3281 (horizontal swing high resistance, 76.4% Fibonacci retracement).
Stochastic (34,5,3) is also approaching support where we might see a corresponding bounce in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
4H GBPCHF Potential Long tradeAlready took long positions this morning after the momentum shift in GBP. waiting on break above flag pattern on 4H to add more positions to this trade.
GBPCHF. Another chance to Buy. Trading Criteria:
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here.
Wait for a significant breakout of the 4hr. consolidation or daily consolidation from red border boxes to take the trade. Red border boxes are the High/Low of a consolidation period inside the consolidation zone. I usually aim for 80% of the weekly ATR (or monthly ATR for yellow solid boxes) taking profit but not always at the next yellow box. I place my stop loss above/below red border box.
*These zones, with the inclusion of price action described above, have remarkable accuracy.
Yellow border box: weekly consolidation zone
Yellow solid box: monthly consolidation zone
Red border box: High/Low breakout box (5 minimum candles)
Grey solid box: monthly grid block
[Signal] GBPCHF: Delayed Brexit is Positive? Nahh..GBPCHF
Timeframe: 1D
Direction: Short
Confluences for Trade:
- Stochastic Overbought momentum (1D, H4, H1)
- Price action at Resistance of Parallel Channel
- Price action close to Another Horizontal Resistance Trendline
- Widening gap of EMA
- Fundamentally, uncomfortable to hold a Long GBP position because of Brexit uncertainty; to us, a delay in Brexit transition is still going to be bad for the UK economy as corporates are not going to do any capital expenditure to improve GDP.
Suggested Trade:
Entry @ Area of Interest 1.3045 - 1.3165
SL: 1.3309
TP: 1.2602
RR: Approx. 2.56 (Depending on Entry Level)
May the pips move in our favor! Good luck! :D
*This trade suggestion is provided on an advisory basis. Any trade decisions made based on this suggestion is a personal decision and we are not responsible for any losses derived from it.
Long GBP/CHF above 1.31, target 1.3170The pair has bounced off 20-DMA support and we see weakness only on break below.
Technical studies support upside.
We see stiff resistance at 1.31 (major trendline resistance). Break above will see upside continuation.
Support levels - 1.3063 (5-DMA), 1.2992 (20-DMA), 1.2871 (55-EMA)
Resistance levels - 1.31 (trendline), 1.3120 (Jan 28 high), 1.3172 (Nov 8 high)
Good to stay long above 1.31, SL: 1.3060, TP: 1.3170
GBPCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.3249 (Horizontal swing high resistance, 100% fibonacci extension, 61.8% fibonacci retracement) and a strong drop might occur pushing price down to our major support at 1.2878 (horizontal swing low support, 38.2% fibonacci retracement).
Stochastic (34, 5, 3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPCHFlooking on the day chart there is a clear bull flag pattern. this has shown a clear break to the upside. the line of PSR (previous support and resistance) has been chosen as a clear area on the line chart (closing price). once this has retested the PSR line the T1 is 1.31577 T2 is 1.32597
GBPCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.3249 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 1.2884 (horizontal swing low support, 38.2% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPCHF. Turning Up now. Wait for Daily breakout. Trading Criteria:
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here.
Wait for the breakout of the 4hr. consolidation or daily consolidation from red border boxes to take the trade. Red border boxes are the High/Low of a consolidation period inside the consolidation zone. I usually aim for 80% of the weekly ATR (or monthly ATR for yellow solid boxes) taking profit but not always at the next yellow box. I place my stop loss above/below red border box.
*These zones, with the inclusion of price action described above, have remarkable accuracy.
Yellow border box: weekly consolidation zone
Yellow solid box: monthly consolidation zone
Red border box: High/Low breakout box (5 minimum candles)
Grey solid box: monthly grid block
