Gbpchfshort
GBPCHF Nice sell is comming Hi Guys !
On the technical side, the GBPCHF is setting up for one more wave to the downside. Based on that keep your eyes on 5min-15h timeframe for your sell setups.
There is good profit to be made (if this pair follows the script) and the trade has a nice reward – risk ratio.
Any strong break to the upside will invalidate the setup.
The Risk:
As trader, it is your job to mitigate the risk and only trade structures that provide high probability and great reward to risk ratios.
If you are not comfortable with this trade and your stop loss is to big for your trading account simply just skip it and wait for another one .
For analysing the chart and predicting the upcoming wave I use upgraded version of Wave Analysis. This strategy is easy to understand and it is totally without fundamentals ( Don't read the fundamentals it will confuse you). However if you don't over risk and follow the plan than there is noting to lose in this online business.
Trade with care !
Thanks for your support
GBPCHF, 4hr tf, bearish flag patternHello guys,
It has been 2 weeks since my last post in tradingview.
I haven't found any interesting setup so I don't post anything.
Today i finally found an interesting trade to share with you all so i will share it.
As you can see, GBPCHF right now hovering at 61.8 fibonacci retracement of recent swing low. It looks like a bearish flag to me and we might get another swing to the downside.
For this pair, our position gonna be sell.
Sell GBPCHF 1.2670
Stop loss 1.2730
Take profit 1.2390 (4.67R)
Use only 1-2% risk
Good luck
GBPCHF ShortIf you like this idea, like it and follow me for more.
Colour key: Blue = monthly, Pink = weekly, Grey = daily/4h/1h
As you can see, price is approaching two key monthly resistance levels. Price has already touched the bottom one (1.26655) and i believe it has topped out, but my SL would be placed above the second level in case price continues upwards.
Regardless, i am awaiting confirmation to sell from these levels, all the way down to the bottom monthly supply and demand zone.
Updates to follow, follow me to see them
Wait for downtrend confirmation and sell signal with GBPCHFH4 time frame.
Structure: Strong downtrend.
After a strong downward move, the price formed an ascending channel, this channel hit resistance at 1.26500.
Here, waiting for the price to break through the ascending channel and appear confirmation of the downtrend, then you can enter a sell order with GBPCHF.
The profit target is the 1.24000 price zone.
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Wish you all have a good trading day!
HEY! ARE YOU READY FOR A SWING TRADE ON GBPCHF?After a long-ranging market in the weekly time frame, finally, the price broke out of the weekly trading range. Last week we saw a very nice retest of the previous support with the market trading in the rising channel in the lower time frame.
The breakout of the channel confirms a very nice swing trade opportunity where our major goal will be the 1.22600 level.
What are your thoughts?
GBPCHF > A Bearish Harmonic Bat Pattern!!Friends I hope you are feeling kind and generous today to give the idea the likes and comments it deserves.
Analysis on #GBPCHF
this is a bearish harmonic bat pattern that might complete soon and provide a reason to get involved in sell trade.
I would be careful in this market and look for extra confirmation on the lower time frame as my bias is long GBP in other markets.
Thank you so much for your support.
Check today analysis below⠀
>>“ Only trade when the probabilities of the market going in your favor are greater than it going against you." TradingAxis
GbpChf- Double top in place?Since the beginning of the month, GbpChf has risen nicely and has reached 1.28 resistance.
However, the pair looks like has carved a double top on our chart and is ready to fall.
At this moment GbpChf is sitting on the trend line support and a break here could accelerate losses.
Bearish scenario is intact under 1.28
GBPCHF [H4] The price has close to the important resistance ✅✅GBPCHF The price has moved up close to the important resistance level
because at this point the resistance is hit and falls often,
so this time, if the price crashes, it is expected that the price will fall again. time
Key resistance around 1.280XX - 1.283XX (Sell Position)
SL above resistance or based on risk tolerance
Goodluck Trader
Ton Trader | Tamjai Trader
🎁🎁🎁🎁🎁🎁🎁
GBPCHF TO CONTINUE BULLISHWith the current momentum of this market, we are safe to say that there are bullish sides to this pair.
We could see a pullback before this uptrend continues. The level of 1.27000 is keen to our eyes as we'll watch how price reacts to this level.
Targets would be a new high along this trend. Trade the trend with us. Trade Safe.