GBP/CHF going lower💡Hello traders,
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GBP/CHF has been rejected from ascending channel resistance line and now will head down to test support line of this channel.
Let us know what you think about this idea.
Trade safe !
Gbpchfshort
Short opportunities for gbpchfPrice at resistant level, possible head and shoulders pattern formation
GBP/CHF Weekly Forecast (27th July - 31th July)Weekly swing trade on the GPB/CHF. The price is at the bottom of the channel, in case of a breakout, a trade with a great return risk ratio can be opened. The weakening of the pound is expected on a fundamental basis. (failure of customs negotiations with the EU.
GBPCHF AnalysisHey guys i just wanna say that i base my analysis on price action and its what i see its the same thing i analyse, i maybe wrong i maybe right and y'all know how the market can be
so some workout others go wrong, we learn through our mistake or so i heard.
To The Analysis
Looking at the charts GBPCHF just hit a support level so we'll expect abounce to the upside, there's a trendline we'll have to wait to see if it touches it and bounce downwards or
it can crash the trendline and continue but still there's a resistance level, so patience is the play, but either way i'll be expecting a bounce off from either the trendline or the resistance area.
GBPCHF short trade ideaPlan: trendline and support level breakout --> wait for the price to bounce off from resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
**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.
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GWBFX
GBPCHF - SWING - 06. JULY. 2020Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Market turning bearish again.
4 HOUR
Fake pullback to previous highs, expecting some downside pressure.
DAILY
Overall bearish market at its top about to drop.
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FOREX SWING
SELL GBPCHF
ENTRY LEVEL @ 1.17510
SL @ 1.18150
TP @ 1.16530
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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ALAN
GBPCHF signal (SHORT)Hello friends.
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Everything on the chart.
open pos: market (than closer to the blue line than better)
targets: 1.175
stop: ~1.181 (depending of ur risk). ALWAYS follow ur RM .
Good luck
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