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Gbpchfshort

Brexit dark clouds are still here no matter what - GBPCHF SetupUK and EU might seem to find a common path after latest talks but Brexit is a fact now, and the Pound won't come out unscathed after 31st December. Even a deal takes place, the economy of UK will be harmed. GBPCHF is an example of how investors will probably be willing to move their funds to CHF after Brexit to seek for a safety shelter. It's not a secret that Switzerland was always a shelter for the bad days. History won't be any different now. Prepare up. On a more technical aspect, GBPCHF lastly topped just below 1.22 providing a resistance that bears could rely on to capitalize. This was followed by a bearish wave sequence 1-5. Currently, we find price completing the 4th wave. That means that latecomers jump in the market, and initial positions are increasing, providing more bearish pressure for the Pound vs Swiss Franc. 1.20 is considered to play a catalyst role, on if this setup will be accurate and reliable or not, for two major reasons. 1) It can play the role of a psychological support as a big figure or 2) It could be a "locked level" that cannot be surpassed as wave theory's principal talks about the fact that Wave 4 "DOES NOT" overlap Wave 1 territory. With these - fundamental and technical reasons - being mentioned, I expect further bearish progression, aiming a major channel support that can be see in the chart below.
Short
by GeorgeZii
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 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
Short
by Trading2ez
6
GBPCHF - SWING - 14. DECE. 2020Welcome to our weekly trade setup ( GBPCHF )! - 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. - 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!) Leave us a comment or like to keep our content for free and alive. Have a great week everyone! ALAN
Short
by DACapitalTrading
10
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
Short
by HayatoDragonFX
GBPCHF SHORT - PRICE HAS REACHED DAILY LEVELPrice has reached key daily level and is moving very correctively on the H4 timeframe showing signs of weakness and a potential reversal and a swing to the downside is becoming more probable. Price has tried to break through this level 2 times before and is now on its 3rd attempt, so if we see price hold we can expect to see a bearish swing to the daily level below which was resistance but will now be acting as support. Comment below what you think will happen to GBPCHF
Short
by mikoaodu
GBPCHF downtrend setupprice direction: DOWNTREND potential target price: 1.2090 **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX