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Gbpchflong

GBPCHF approaching support, potential bounce! GBPCHF is approaching our first support at 1.2894 (horizontal swing low support, 100% Fibonacci extension, 23.6% Fibonacci retracement, ascending channel support) and a strong bounce might occur above this level pushing price up to our major resistance at 1.30909 (horizontal overlap resistance, 78.6% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI (89) is also approaching our ascending support lien and a bounce above this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
GBPCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.2798 (horizontal swing high resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.2630 (horizontal swing low support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance and seeing a bearish divergence where a reaction off this level 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 approaching resistance, potential drop!GBPCCHF is approaching our first resistance at 1.2863 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6% Fibonacci retracement, descending channel resistance) and a strong drop might occur below this level pushing price down to our major support at 1.2283 (61.8% Fibonacci extension, horizontal swing low support, 76.4% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and a reaction off this level 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
1
GBPCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.2853 (horizontal overlap resistance, 61.8% Fibonacci extension, 23.6%, Fibonacci retracement) and a strong drop might occur below this level pushing price down to our major support at 1.2283 (horizontal swing low support, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). Stochastic (89,5,3) is also approaching resistance and a reaction below this level 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
GBP/CHF long opportunity GBP/CHF has edged lower from 5-week highs at 1.2742, bias bullish. The pound remains buoyed ahead of UK labor market report. Upbeat growth in the UK’s wages could further the ongoing bullish momentum seen around the pound. Technical indicators are turning bullish on the intraday charts. Stochs and RSI have rolled over from oversold levels. The pair has broken above 21-EMA and is poised for further upside. Support levels - 1.2645 (21-EMA), 1.2592 (5-DMA), 1.25 Resistance levels - 1.2788 (23.6% Fib), 1.2848 (50-DMA), 1.30 (38.2% Fib/) Good to go long on dips, SL: 1.2590, TP: 1.2785/ 1.2850/ 1.30
Long
by FxWirePro
GBPCHF approaching support, potential bounce! GBPCHF is approaching our first support at 1.2590 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement) and a strong bounce might occur above this level pushing price up to our major resistance at 1.2650 (horizontal overlap resistance, 100% Fibonacci extension). Stochastics (55,5,3) is also approaching our support and a strong bounce above this level might see a corresponding rise in price. Trading CFDs on margin carries high risk. Losses can exceed the initial investment so please ensure you fully understand the risks.
Long
by easyMarkets
GBPCHF testing resistance, potential drop! GBPCHF is approaching our first resistance at 1.2655 (horizontal overlap resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 1.2612 (horizontal swing low support, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also testing our resistance and a reaction below this level 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
GBP/CHF - Ichimoku trade ideaFor this pair i'm looking to get in and out of a small run, with the option to expand my take profit levels if this pair pushes higher and holds. Until a move like that happens and is proven, I'll look to get in and out of the market. I'm looking to enter on a breakout of the 1.2698 level. I'm keeping my stop loss pretty short if I enter so keep a good risk to reward and also because if we don't get a push up after the entry I'm waiting for, I'll want to exit pretty quick. If our bullish signs change or we fail to break higher, this setup may become invalidated.
Long
by The808Trader
GBPCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.3093 (horizontal overlap resistance, 61.8% fibonacci extension, 38.2% fibonacci retracement) where a strong reaction might occur below this level, pushing price down to our major support at 1.2986 (horizontal swing low support). A breakout below our intermediate support at 1.3020 (horizontal swing low support, 76.4% fibonacci retracement) might provide the bearish accleration to our major support target. Stochastic (55,5,3) is also approaching our resistance and a reation below this level 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