Gbpchfsell
GBP/CHF SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation! As always we will have to wait for a confirmation!
Important:
ALL POUND-TRADES are currently very risky as Brexit-Negotiations are to be continued and the outcome is not clear.
Since a No-Deal is more likely to happen and technical aspects for GBP/CHF are very bearish we could consider to give this trade a try with a low risk.
GBP/CHF: Daytrade-Preparation
Market-Sell: 1,18755
Stop-Loss: 1,19350
Point-Of-Risk-Reduction: 1,18215
Take-Profit: 1,17535
Stop-Loss: 60 pips
Risk: 0,5%
Risk-Reward: 2,0
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Peace and good trades
Irasor
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GBPCHF - SWING - 14. DECE. 2020Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Bullish reaction after breaking below main sr level.
4 HOUR
Price about to follow midterm trend, good short entries!
DAILY
Expecting further drop towards previous support zone.
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FOREX SWING
SELL GBPCHF
ENTRY LEVEL @ 1.18930
SL @ 1.19580
TP @ 1.17180
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPCHF, 4hr tf, sell wave-C breakdownHello my friends,
Today we are going to sell GBPCHF.
As you can see, i already marked our horizontal support and resistance level.
I also do the Elliott waves analysis and found that we got a nice opportunity to try selling GBPCHF.
We're now on ABC correction in my opinion and we could break wave-C into 5 waves.
Waves-iv now completed and we will soon see price rotate lower to complete wave-v.
We use elliott waves rules where 4th wave can't touch 1st wave area as protectice stop loss.
Sell GBPCHF 1.2000
Stop loss 1.2040
Take profit 1.1880 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
Time to short GBPCHF?GBPCHF has alligned perfectly for a correction here. We saw impulsive movements earlier in the month, which are now followed up by a corrective phase. As of now, we are bearish as GBPCHF rejects off the 61,8% fib level and is signaling a drop soon. Should we see price exit the rising wedge, we could safely enter, but for those interested in an aggressive entry method, like me, we go in now with a stop loss above the previous High. Let's see what this pair can bring us in.