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.
Gbpchflong
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.
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.
GBPCHF LONGReposted! as this idea was hidden by one of the tradingview moderators due to violation of tradingview guidelines (using all 'Capitals' in description) by us which we deeply regret
Analysis team bought GBPCHF with 2 targets:
TP1 - 1.27000
TP2 1.27500
GBPCHF LONGLower time frames directional biases is strong buy. Higher time frames show sell. I believe we are headed up to the 61.8% weekly retracement level to the weekly downward trendline. Highest level for 2019 1.34220. Pullback to 38.2 1.31098. Downward trend line broken by price. Looking for pull back for buy entries at 1.27200 & 1.28024.
GBPCHF 1:5 Risk Reward LONG (Potential Setup)Fundamentals:
LogicStrategy Quant scores shifting in favour of GBP, compared to the weak score provided for CHF.
- This was following the recent decrease in unemployment in the UK down to 3.8% from 3.9%.
- CHF PPI dropping significantly to 0% with a forecast of 0.2%
- CHF retail sales dropped significantly this month, down to -0.7%
- SVME PMI down for CHF to 48.5 with a forecast for 51
All signs showing the safe haven CHF is overvalued and requires a correction whereas GBP has started to gain strength amidst brexit negotiations being extended.
Technicals:
- Waiting for any long confirmation signals before considering an entry
- still to early in terms of technicals
- Would like to see 4HR higher highs, buying power candle stick confirmations etc..
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.
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.
