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Gbpchflong

Structure trade on GBPCHFHey guys, this is an hourly chart of GBPCHF and i'm taking this long trade because price is founding some support in a key daily structure and that meets my rules of engagement since we have a nice double bottom (you can see it by zooming in or going on even lower timeframes) and a nice engulfing candle on the 4H timeframe. Bigger picture is always important to determine which direction you want to take, so start your daily analysis by looking at higher timeframes to give you perspective on the market conditions! I think you'll reap the benefits as soon as you get used to that. If you have ideas/questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
2
Long setup on GBPCHFHey guys, this is an hourly chart of GBPCHF and i'm taking this long trade because price is founding some support in a key daily structure and that meets my rules of engagement since we have a nice double bottom (you can see it by zooming in or going on even lower timeframes) and a nice engulfing candle on the 4H timeframe. Bigger picture is always important to determine which direction you want to take, so start your daily analysis by looking at higher timeframes to give you perspective on the market conditions! I think you'll reap the benefits as soon as you get used to that. If you have ideas/questions, feel free to comment below. Otherwise, see you in the next chart!
Long
by Roker1
GBPCHF Potential Long Trade OpportunityCHART TIMEFRAME: H1 TREND ON THE CHART TIMEFRAME: BEARISH FACTS AND PATTERNS: Bullish Crab Pattern Formation POSSIBLE “PREDICTED” PRICE ACTION: GBPCHF may test FIBO 161.80 retracement and react upwards. ACCURACY: 86% EURCHF TRADE IDEA: ( SHORT TERM – INTRADAY ) TRADE: LONG AREA OF ENTRY: 1.31100 – 1.30900 STOP LOSS: 1.30400 TAKE PROFIT 1: 1.31500 TAKE PROFIT 2: 1.31800 EXTENDED TARGET: 1.32300 WHAT TO PAY ATTENTION: If the price reaches the area of entry, wait for an hourly closing above the entry level. Trades set up is valid for 4 H1 candlesticks.
Long
by eacemi
GBPCHF Technical analysis-Long November 08Hey guys, In the daily chart, there is a buy signal though not at the oversold territory. I will place a buy stop at September 20 highs of £1.32. If price action fails to correct lower towards the 20 period MA and at the 61.8% Fibonacci level then our sell stop will most likely be activated. This trade will be as follows: Buy stop: £1.32 Stop Loss: £1.3 Take Profit: £1.37-£1.4 don't miss out on my posts, hit the like button. Get more analysis at www.forex.today.com Bests.
Long
by Kipyegonn