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Gbpchfshort

Two Options for GBPCHF Movement. Feel free to commentGBPCHF has been moving as expected thus far. Big movers (banks) appear to be taking profit on their buy orders and have potentially begun acquiring buy orders. To verify this info I would look for a push down due to a lack in volume and too high orders that force market down. From here we will see what they plan to do. A move further down would below lower level would hint at an accumulation of more buy orders and thus could expect a push up later in the week or the start of next. A brief (few hours or day) move down to the lower level then back up to the current level or above would validate my suspicion of the Big Movers taking position for the Sale to come. The volume of willing participant will effect the time-frame of these movements so I will be hoping that Volume is above the 20 avg. to make this movement go smoothly. Otherwise, some prolonged ranging in the markets as they try to accumulate and dump as many positions as volume will allow. FX:GBPCHF
by joelittlenc
1
📊 GBP-CHF CHART ANALYSIS🌼 Currently running trade, our analysis here is based on the breakout below 1.20300 in line with our ABC Elliot waves correction, as the brexit uncertainties continues and the surge in covid cases we expect the sterling to drop further below 1.18000 price level again which sits on the trend support. 💭 In attached chart you could see the trend breakout and elliot wave correction on the H4 and the ranging chart on the D1 our entry in H1 TF below the bearish flag penant indicating a clear confirmation of a bearish call. 💚Regards The NiclaxFX Team™️
Short
by niclaxfx
GBPCHF, 4hr tf, Head and shoulders pattern to materializedHello my friends, Another setup for you is GBPCHF pairs. This pair has moved in a sideways direction for the last 7 weeks since late September until now. There is no clear direction from this pair and i think we could finally see some strong movement soon. I am more bearish to this pair because the last 2 days, CHF was so strong. You could see after marking my hozitontal support and resistance, i drew a trendline and price now below this ascending trend line. At the same time, a head and shoulders pattern also completed and we could see price break the neckline soon. The measured objective of this pattern is around 160-170 pips. Sell GBPCHF 1.1845 Stop loss 1.1890 Take profit 1.1645 (4.4R) RR ratio 1 : 4.4 Use only 1-2% risk Good luck If you find this post useful, please like my posts and follow me for my next updates. Check my bio as well to find something interesting.
Short
by HayatoDragonFX
2