Gbpchflong
GBPCHF will go Bullish!GBPCHF will go bullish soon after the retest of its upward channel and will go to its next resistance line
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.
GPBCHF approaching resistance, potential drop! Price is approaching our first resistance at 1.3160 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, short term descending resistance line) and might potentially drop to our major support at 1.2987 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic (89,5,3) 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.
GPBCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.3160 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension, short term descending resistance line) and a strong reaction might occur below this level, pushing price down to our major support at 1.2987 (horizontal swing low support, 61.8% Fibonacci extension).
Stochastic (89,5,3) 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.
GPBCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.3087 (horizontal pullback resistance, 38.2% Fibonacci retracement, 100% Fibonacci extension) and a strong reaction might occur below this level, pushing price down to our major support at 1.2922 (61.8% Fibonacci extension). Ichimoku cloud is also showing signs of bearish pressure in line with our bearish bias.
RSI (34) is also seeing a bearish exit and 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.
GPBCHF is approaching support, potential bounce!GPBCHF is approaching our first support at 1.3021 (horizontal swing low support, 100% Fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 1.3168 (horizontal overlap resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement).
Stochastic (89,5,3) is also approaching support and a bounce off 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.
GBPCHF approaching support, potential bounce! Price is approaching our first support at 1.3023 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension) where a strong bounce might occur above this level pushing price up to our major resistance at 1.3270 (horizontal swing high resistance, 100% Fibonacci extension).
Stochastic (55,5,3) is also approaching our major support where a bounce off 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.
GBPCHF LONG IDEAPRICE IS IN AN ASCENDING WEDGE ON THE WEEKLY
PRICE PREVIOUSLY BROKE THE 134500 LEVEL TO TEST THE TREND LINE AND NOW ITS HEADING IN THAT DIRECTION AGAIN
THERE ISA MINOR RESISTANCE IN THE 132500 AREA THAT HAS BEEN TESTED 4 TIMES.
i WILL BE WAITING FOR PRICE TO BREAK OUT OF THE RESISTANCE AND HIT THE 132800 LEVEL BEFORE GOING LONG ON THIS PAIR
OR I WILL JUST WAIT FOR PRICE TO RETEST THE LOWER TREND LINE THEN GO LONG.
GBPCHF | V-formationV-formation entry
and sellers momentum died.
you can take this trade with your won risk.
GBPCHF approaching resistance, potential drop! GBPCHF is approaching our first resistance at 1.3270 (horizontal swing high resistance, 100% Fibonacci extension) where a strong reaction might occur below this level pushing price down to our major support at 1.3063 (horizontal swing low support, 38.2% Fibonacci retracement, 100% Fibonacci extension).
Stochastic (89,5,3) is also reacting off our resistance and 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 - stay long on breakout at 1.3265GBP/CHF upside remains capped at major trendline resistance at 1.3265. Break above could take the pair higher.
Price action has broken above 200-DMA at 1.3231, but is struggling to extend gains above.
Technical indicators are bullish on the daily chart. Momentum bullish, RSI above 50.
Breakout at major trendline resistance at 1.3265 could see test of 38.2% Fib at 1.3241.
Retrace below 200-DMA could invalidate the bullish bais.
Support levels - 1.3231 (200-DMA), 1.3210 (5-DMA), 1.3167 (21-EMA)
Resistance levels - 1.3265 (trendline), 1.33, 1.3329 (100-DMA)
Good to go long on breakout above trendline at 1.3265, SL: 1.3230, TP: 1.33/ 1.3340/ 1.34.
GBPCHF BUY (TARGET 1: +154 PIPS & TARGET 2: +362 PIPS)If you like what you see, please like and follow me BELOW!
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GBPCHF - A "double" double topHey guys,
this is quite particular as a case study. Here on GBPCHF i've gone down to a lower timeframe because i was looking at the daily chart and i saw a double top with RSI divergence. Thus i went on the 4hr chart and looked for trading opportunities at the retest. Guess what i've found: another double bottom with again, RSI divergence at the second test. At the moment, i'm not sure if and when i will enter because i don't see an actual signal, but i'll update you in that case.
Let me know if you have any comment/question.
Otherwise, we'll see in the next chart!
GBPCHF - "Double" double topHey guys,
this is quite particular as a case study. Here on GBPCHF i've gone down to a lower timeframe because i was looking at the daily chart and i saw a double top with RSI divergence. Thus i went on the 4hr chart and looked for trading opportunities at the retest. Guess what i've found: another double bottom with again, RSI divergence at the second test. At the moment, i'm not sure if and when i will enter because i don't see an actual signal, but i'll update you in that case.
Let me know if you have any comment/question.
Otherwise, we'll see in the next chart!
GBPCHF Potential Long OpportunityDescription: GBPCHF is testing the Fibonacci 61.80% of XA. If it breaks below 1.31900, the next target will be Fibonacci 88.60 1.31600 – 1.31500 region.
Pattern: Bullish Harmonic Pattern would be completed t D Leg. And we will look for a buying opportunity.
levels as described in the chart
GBPCHF-Entry Long for retracement on the dailyPrice just got above the 200 ema on the 15min chart which is my go when looking for a reversal into a retracement. This may set up Sunday night.
Keeping an eye out. See my previous daily chart.
GBPCHF-Retrace LongI'm updating this chart from a week ago where I thought it might have turned already. Waiting on a confirmation of entry on smaller time frame chart.
