Gbpchfshort
Possible SHORT on GBPCHFPossible short. This is my Gold Setup (as usual). Here's why I'm interested...
200-EMA is holding this price down, especially since the price totally got rejected at that level.
Price is in the overbought region of the MFI signaling a possible reversal
counter trend line is strongly broken
Good luck...
Possible Short on GBPCHFI've been waiting for this counter-trend to turn back around in the direction of the 4-hour 200-EMA. Here's why I think this thing can be bearish for at least 80 pips or so...
Resistance zone tested three times
Price re-tested the trend-line breakout and could not soar any higher
over-bought signal on the MFI indicator below
MFI showing decreasing demand which often results in falling prices
Going to continue to monitor this trade. There's no high impact economic news today so no need to worry about fundamental volatility affecting the technical charts of this pair.
GBPCHF FORMED LOWER HIGHHello traders!
GBPCHF is forming lower lows and lower highs. After retracement to the resistance area price got rejected forming a lower high. We can now expect movement to the downside to the 1.17 support area where we will have new lower low.
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Bearish 600pip sentiment.This is a simple support and resistance analysis.
A break below 1.18250 will be the trigger to the emerging 600pip move.
Time & Price (especially price) will be our guide through this one.
Heavy bearish momentum around 1.1825 will confirm everything.
The bears will be responsible for driving price down to 1.11250.
GBPCHF : SHORT TRADEIn the previous week, we see GBPCHF rally after a recent drop in price, analysing with the renko brick charts, Price created an M pattern, which created a short rally at the beginning of this week for a retrace to the M bottom (1.21), I expect price to go move below from here towards 1.20380, if the bearish momentum is strong enough we could see 1.18.
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You should therefore carefully consider whether trading is suitable for you in the light of your financial condition.
Goodluck !
GBPCHF H1 ANALYSISHello traders, we currently have a short setup for GBPCHF on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.
GBPCHF H1 ANALYSISHello traders, we currently have a short setup for GBPCHF on the H1 timeframe. Price is respecting many confluence areas, allowing a good probability setup to go short. If you are in this trade, or if you are not in this trade let's discuss why and why not in the comments section below. I will be giving real time updates on my trades as it progresses. If you feel like you're learning, please give us a follow and like the post to help others like you also learn in the forex markets. Study hard!
*Disclaimer*: This trade analysis was conducted by myself and is by no means a trade signal. This trade analysis is based off my opinions and is by no means indicative of future price action.