GBPCHF ShortGBP|CHF - Personal Analysis. Break and Re-test.
RR 1:2
Keeping charts simple.
There was a consolidation phase and now price broke below the consolidation phase expecting a continuation of downtrend but expecting correction tomorrow or next day this week.
If Price goes back into the consolidation zone, then expecting for price to hit the high of consolidation phase again to re-test for break of bullish trend.
Gbpchfshort
GBPCHF:Flight to swiss safety?!GBPCHF
Intraday - We look to Sell at 1.2251 (stop at 1.2324)
Preferred trade is to sell into rallies. There is scope of mild buying but gains should be limited. A move higher faces tough resistance and we remain cautious on the upside potential Short term bias is mildly bearish.
Our profit targets will be 1.2100 and 1.2050
Resistance: 1.2250 / 1.2300 / 1.2350
Support: 1.2150 / 1.2100 / 1.2050
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GBPCHF | CONSOLIDATION AT SUPPORTGBPCHF is consolidation at important support level where reaction have been seen in the past.
Price action suggest weakness in bearish trend after broken of trendline and restesting it.
If support honored and price break the box, one can attempt bullish trend from here.
Trade and manage your levels accordingly.
GBPCHF Juicy HTF ShortThere has been a clear visible range of GBPCHF for some weeks now and its finally about to break down through the support levels shown on the chart. Now this isnt guaranteed, but when support is tested like that too many times, theres a good chance of a breakdown. You could short here but it would be risky and the Stop Loss wouldn't be viable. Or wait for a break and retest, short on the retest and Stop above the range lows.
Good Luck.
GBP/CHFX2 Position
1.Sell : GBP / CHF
Sell limit: 1.23970
SL @ 1.24318
TP @ 1.23080
Max Risk: 2%
2. Sell : GBP / CHF
Sell limit: 1.24350
SL @ 1.24670
TP @ 1.23080
Max Risk: 2%
(When calculating, do not forget about different spreads from Brokers)
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It is not an investment recommendation
GBPCHF swing trading ...According to Gann analysis , GBPCHF is run in downtrend in daily timeframe , it takes triangular shape , now it breaked angle 120 directed to angle 240 , it's late to enter now , we will wait till breaking of angle 240 and take it in short trade directing to angle 360 /
if u r risky and wanna enter now , ur take profit will be at angle 240 and SL is above angle 60 .
Good luck Guys ...
REPOST OF GBPCHF TO FALL FOR 200+ PIPS, RISK OFF!!!GBPCHF is over bought and its time for the market to give back all orders, there was a fake move on 12th May, expecting the market to correct that move to the downside with additional pips to short it. Look for the point at 1.2211, once price breaks that point completely, 1.18600 becomes my final TP.
NO LONG TALKS!!!!.......HODL!!!!
NB: Risk off
REd box: rejection zone
GBPCHF: Battered Pound woes continue!GBPCHF
Intraday - We look to Sell at 1.2328 (stop at 1.2402)
We look to sell rallies. We look for a temporary move higher. Buying posted in Asia. Previous resistance located at 1.2330. This provides an excellent risk/reward opportunity to fade the current bullish move.
Our profit targets will be 1.2109 and 1.2050
Resistance: 1.2330 / 1.2400 / 1.2500
Support: 1.2200 / 1.2100 / 1.2000
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
500 pips downtrend.Hi, i have been calling for the GBP fall since last year because the past inflation raised a big flag
to many investors.
GBP/CHF have been on a decline consolidation mode tending to create higher lows and lower highs.
A break around this support level will trigger big sell orders driving the pound to hell.
I have accurately predicted the past movements check here :
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Prices do change constantly and following PRIMEALGO channel will keep you updated with a highly experienced traders around the globe.
GBPCHF decline continues for the week of 18/04/22 The overall long-term trend on all GBP pairs (except GBPJPY) is to the downside. However, for me, the location of a trade has to meet some criteria and I find those conditions met in the case of GBPCHF. Price is stalling at a significant S/R level, it thus gives me the ability to place a stop that is not too far away (about 50 pips in this case).
After 2 strongly bullish days last week, Friday candle shows inability of the bulls to take the price higher. The 1.2300 level is holding and the open and close of that day’s candle is almost at the same price. I see this as a reversal signal or rather a continuation of the long-term bearish trend.
Entry can be at current price or a break below Friday low. Stop above the Friday high would make sense. Target should be the next support in the 1.2120 area. We have a +2.5R trade possibility that is line with the major trend.
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Always use sound money and risk management in all your trades.
Jamie Gun2Head - Sell GBPCHFTrade Idea: Sell GBPCHF
Reasoning: Retesting previous resistance level, posting a bearish outside candle on the 4hr chart.
Entry Level: 1.2387
Take Profit Level: 1.2274
Stop Loss: 1.2424
Risk/Reward: 3.05
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