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Gbpchflong

GBPCHF LONGHorizontal lines are important historical prices. we se exhaustion wicks the last few days, hit support so now should be going up. Might bounce on the first horizontal line, only to bounce again on the support, to finally be headed towards the TP indication. I think it might continue to the next horizontal line or even the resistance line, but the TP indication seems to be a real zone of interest for the price, so might go down again even to the resistance line again. so thats why the TP zone is until there and not further
Long
by J_layseca
GBP/CHF - Will the GBP Rampage continue? Ichimoku thinks so....This Swiss Franc has been dealing with some economic weakness lately, and the Pound has been on a bit of a rampage.I am looking for a buy into into a trend continuation with this pair. I want to keep a tight stop loss so I'll be setting it just below kijuns sen which has been respected this entire bullish run. I'm going to target just beyond our previous high for my first TP level. If we hit it, I will close partial position, and let the rest run, adjusting my stop loss periodically. If our bullish signs change, this setup may become invalidated.
Long
by The808Trader
GBPCHF Testing Major Resistance, Time To SellGBPCHF is testing strong resistance presenting us with a good selling opportunity. Sell below 1.3466. Stop loss at 1.3527. Take profit at 1.3335. Reason for the trading strategy (technically): Price is testing major resistance at 1.3466 (Fibonacci retracement, horizontal swing high resistance, bearish harmonic formation) and a strong reaction could occur from this level to push prices down to major support at 1.3335 (Fibonacci retracement, horizontal swing low support). Stochastic (34,5,3) is seeing major resistance below 97% and a corresponding reaction could occur from this level.
Short
by MEX_Exchange
GBPCHF Is Testing Major Resistance, Time To SellGBPCHF is presenting us with a really good selling opportunity. Sell below 1.3434. Stop loss at 1.3522. Take profit at 1.3145. Reason for the trading strategy (technically): Price is testing major resistance at 1.3434 (Fibonacci extension, bearish harmonic formation) and a strong drop could occur from here to push prices all the way down to 1.3145 (Fibonacci retracement, horizontal pullback support). We have our stop loss at 1.3522 (Fibonacci extension, above major swing high resistance) to give our trade some breathing space. Stochastic (89,5,3) is seeing major resistance below 96% and a corresponding reaction could occur at this level.
Short
by MEX_Exchange
1
GBPCHF Is Testing Major Resistance, Time To SellGBPCHF is presenting us with a really good selling opportunity. Sell below 1.3434. Stop loss at 1.3522. Take profit at 1.3145. Reason for the trading strategy (technically): Price is testing major resistance at 1.3434 (Fibonacci extension, bearish harmonic formation) and a strong drop could occur from here to push prices all the way down to 1.3145 (Fibonacci retracement, horizontal pullback support). We have our stop loss at 1.3522 (Fibonacci extension, above major swing high resistance) to give our trade some breathing space. Stochastic (89,5,3) is seeing major resistance below 96% and a corresponding reaction could occur at this level.
Short
by MEX_Exchange
Long setup on GBPCHFHi guys, if you look left you can see that the zone we're testing now is a very important one, that acted both as support and as resistance multiple times. As you may know from my previous analysis, i usually look for trading zones on the daily chart and then go on lower timeframes searching for an additional confirmation of that bias. In this case i want to go long, and on the hourly timeframe you can see there's a double bottom with RSI divergence that supports my view, toogether with an RSI oversold touched on the daily and an engulfin candle on the 4H. Order placed at the blue line, targets as shown and stop at the red line. If you have ideas/questions, feel free to share below. Otherwise, see you in the next chart!
Long
by Roker1