Gbpchfshort
GBPCHF SELL, then BUY!!GBPCHF seems to have formed a beautiful Gartley pattern on a 4 hour chart ! the pattern will soon be fulfilled as it reaches the 127.2 Fibonacci level of XA. after which i expect a pullback in the upward direction . For now , i expect a sell till 1.2177 followed by a bullish move to 1.2413 .
GBPCHF | BUY ON SUPPORTGBPCHF has been trading in a range and we have a good horizontal support out there at 1.22600 level where buyers push the price to near 1.24100 level where once again the seller will try to push the price lower.
Alternatively, if support breaks then we can have more bears in the party.
Trade your levels accordingly.
LONG to SHORT GBPCHFDue to the clear Change of Character on GBPCHF I have the following limits in place. Price has shown good orderflow and seems to be sticking within the range I am looking at trading. I will be entering from a 1Hour OrderBlock and targeting the very next unmitigated OrderBlock (my SELL zone).
GBPCHF | Bulls DominatingGBPCHF has bounced from the support zone and bulls are continue to dominate in the pair. Any dip is a good buying opportunity as it has the potential to move to 1.25000 from here.
Alternatively, breaking below the support will bring more bears in the party.
trade your levels accordingly.
GBPCHF | Possible Bullish ReversalGBPCHF is trading in a bearish trend following by a bearish parallel channel . The current price is approaching to a support zone . We are expecting bulls to take over from here as price has already shown support in the past on these levels.
Alternatively, breaking below the supports will call more bears in the party.
Trade your levels accordingly.
GBPCHF | Bounce from Support?GBPCHF after making a double top at 1.26077, drop sharply and is approaching to important support zone. Can we expect bounce from support?
If we have a good price action on the support meaning bullish candle and followed by strong candle then one can enter long.
Trade your levels accordingly.
GBPCHF shortWith everything going on in the world right now, we have a risk-off trading environment and we a running towards the safe heavens currencies so for those reasons believe this would be a great setup if we reach the resistance level and reverse from it with a nice 4hr bearish candle. Please leave a like and let me know what you think in the comments.
GBP/CHFThe British pound has broken down significantly during the last week, showing signs of weakness and “risk off trading.” The 1.25 level has been a bit of a magnet for price, and the previous three weeks had seen the market simply going back and forth. Now that we have busted through the little bit of support, I do think that it has done enough structural damage to the market that it is only a matter of time before we short again. Keep in mind that the Swiss franc of course is a safety currency, and there are plenty of reasons out there to think that the market is going to go looking towards safety.
GBPCHF Short. Risk OFF!As the geo political tensions are rising up and CHF is a risk off asset. Many investors will be cutting their long positions on GBP and start buying Yen, CHF and Dollar. So expect DXY, CHF and JPY to be surging higher in the coming weeks. Secondly the marked areas show the high cluster of volume where the most contracts have been traded. I expect the move to the below red marked region. Best of Luck !
Tue 22nd February 2022 GBP/CHF Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified 1x new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CHF Sell. Enjoy the day all. Cheers. Jim