GBPCHF - Longterm BearishGot a parallel set of trend lines that reveal a zone where the pair is screaming for a longterm Bearish trend
Gbpchflong
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.
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.
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.
GBPCHF BULLS WEEKWEEKLY DOJI ON W TL, DAILY DOJIS IN CONSOLIDATION, DIVERGENCE ON 4 HR TL, HR TL ABOUT TO BREAK BULLS IN CONTROL THIS WEEK
Long GBPCHF TRADE #5
Price has broken the channel and heading to the the lower part of the channel. Which collides with another strong support area.
I am placing a Buy Order at 1.27000
Stop loss at 1.26450
Target - 134.600 ( at least )
Reasons for entry
1) 61% retracement
2) Last strong support
3) 161% extension of the previous move.
going long here, i think we should test previous swing high heregoing long here, i think we should test previous swing high here
higher high in past couple days, we can see upward movementhigher high in past couple days, we can see upward movement to 1.3201
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 opportunity 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 on GBPCHFHi guys,
simple setup on GBPCHF. We've recently broke and closed above a daily structure zone and we're back to retest it right now. Price has formed a nice double bottom and it held the structure so far. Therefore, i'm buying this at market and aiming to take first target off at the neckline and possibly second target up at the next daily structure zone.
If u have questions, feel free to ask.
Otherwise, see you in the next chart!
Long trade on GBPCHFHi guys,
simple setup on GBPCHF. We've recently broke and closed above a daily structure zone and we're back to retest it right now. Price has formed a nice double bottom and it held the structure so far. Therefore, i'm buying this at market and aiming to take first target off at the neckline and possibly second target up at the next daily structure zone.
If u have questions, feel free to ask.
Otherwise, see you in the next chart!
