Gbpchfshort
GBPCHF | IMPORTANT SUPPORTGBPCHF has formed has head n shoulder pattern (Not perfect as a book). Currently, it is holding the important zone as support and a break below will meet its downside target as marked by an arrow.
However, bulls can pull off from here by showing strength in the current price and taking the price one step higher.
Trade your levels accordingly.
GBP/CHF:DOWNTREND | SWING TRADING | SHORT SETUP 🔔Hello Everyone, I hope you'll Appreciate our Price action Analysis !
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GBPCHF - LONG IDEAHello traders,
Hope you had an amazing weekend !
GBPCHF is currently at a very strong monthly level.
This level has been respected several times in the past and it would be very difficult to break through it given that there are many underlying buy orders waiting to be filled !
Currently price saw its first valid rejection from major area of demand, expecting price to continue upwards from this level to at least 200 pips.
looking forward to see how this setup plays out !
good luck & god bless,
ETGL team <3
GBPCHF: Support Approaching ⚠️We swept the lowest point EVER on this pair and now price is returning to the support created shortly after this sweep.
Will price hold the support or break slightly beneath it to stop hunt before buying again?
I think the new low will hold and not be broken but time will tell!
I have illustrated what I would like to see on this pair over the coming weeks.
Let me know what you think in the comments 💬
GBPCHF: Rallies bound to fail?!GBPCHF
Intraday - We look to Sell at 1.2216 (stop at 1.2304)
Bespoke resistance is located at 1.2225. We look to sell rallies. Selling posted in Asia. Expect trading to remain mixed and volatile. This provides an excellent risk/reward opportunity to fade the current bullish move.
Our profit targets will be 1.2003 and 1.1910
Resistance: 1.2200 / 1.2440 / 1.2609
Support: 1.20600 / 1.1918 / 1.1630
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Trade of the Week: 2nd Position GBPCHFAfter noticing strong HTF resistance level, and LTF ascending trend line downside break I called this trade ( previous analysis linked down below), and much to my own surprise the trade hit take profit in just one impulsive 4H bearish candle.... Nice Catch.
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