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Gbpchflong

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.
Short
by Tickmill
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.
Short
by easyMarkets
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
Long
by ComteSt.Germain
GBPCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.3249 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur to our major support at 1.2884 (38.2% Fibonacci retracement). RSI (21) is also seeing a bearish exit 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.
Short
by easyMarkets
GBPCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.3249 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 1.2888 (horizontal pullback support, 38.2% Fibonacci retracement). Stochastic (89,5,3) is 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.
Short
by Tickmill
GBPCHF long swing trade set-upGBPCHF long swing trade set-up based on strong green candles prior to pullback 1W, bullish flag with price above EMAs 1D, good bullish volume and close/open above 9/18/36 EMAs 4H. This is somewhat risky given the wild price fluctuations, Ive set a super generous stop loss and a lower % entry to reduce risk. If this SL gets hit, it wont be an issue for me. If we get a rally I'll take 60% off at T1 and trail the rest. Not financial advice, trading FX is high risk.
Long
by fxtraderanthony
Pound the Swiss? Ichimoku GBP/CHF trade setupAnother GBP/CHF trade setup on my list this weekend! We've continued our bullish run with this pair and I am looking for trade it up to our major resistance level where we were rejected previously several weeks ago. Since we are so close to that resistance level I'm wanting to enter on a drawback to help limit risk. I think a breakout trade here just wouldn't quite give me the risk to reward entry I would want for the risk exposure I'm looking for with this pair. So I would really like to see a drop to tenken sen for price to hold with a good candle which is when an entry would be confirmed for me and I would enter. If we fail to get the drawback or hold support upon a drawback, this setup may become invalidated.
Long
by The808Trader
GBPCHF. Turning Up now. Buy the 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
Long
by ComteSt.Germain
GBPCHF LongNote -GBPCHF showing signs of reversal after intraday rejection of lower price (long daily wick) by forming a reversal candlestick pattern (Pinbar/Spinning top/Indecision) AT SUPPORT -GBPCHF at trendline support -GBPCHF showing bullish divergence on 4H time frame -Stochastic severely oversold at support Entry -Keep enough distance above the high of the reversal daily candle to confirm a transition of power from bears to bulls Stop -Below the low of the daily reversal candle Target -2 times stop Risk Management -Risk 1% to 2% of capital -Ratio: 2:1
Long
by Mankz
GBPCHF approaching support, potential bounce! GBPCHF is approaching our first support at 1.2753 (Horizontal swing low support, 61.8% fibonacci retracement, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.2953 (Horizontal pullback resistance, 50% fibonacci retracement, 100% fibonacci extension). Stochastic (55,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by Tickmill