Gbpchfshort
GBPCHF shortThe price will open, and i am expecting a retrace to retest the 61.8 again before goes down. In this trade i will pay close atencion to the zone around 1.197/1.195, because that is a strong supp where the price can bounce. So that will be my first tp.
GBPCHF bearish sell
Price has been moving in a strong downtrend.
-PRice is struggling in a supply zone, that was once a demand zone
- price also retested a previous low
-it appears that a possible head and shoulders pattern will form
-the right shoulder has not fully formed and it look like it wants to form a double top, before the big push to the downside.
GBPCHF SELLLovely long wick rejection from the 0.786 FIB and descending trendline.
Would like to see break of the EMAs to confirm a short position on this
GbpChf- correction should be finishedAfter the false break above 1.21, GbpGbp broke horizontal support at above 1.2 and a strong sell of followed.
Now the pair corrected this down move and is ready for a new leg down.
The outlook is bearish for this pair and 1.16 zone could be reached in the medium term.
GBPCHF SHORTOn the daily we have seen price exhaust and the trend is short.
4HR - several rejections of the descending trendline, as well as both 200 and 50EMAs.
GbpChf- big drop aheadGbpChf is trading sideways for quite some time, with a false break above and a "sitting" on the horizontal support now, the pair looks ready for a big drop.
A daily close under 1.2 would confirm my view and opens the door for a dive to at least 1.16-1.17 zone
GBPCHF - SHORT FROM SUPPLYPlease support this idea with a LIKE & FOLLOW if you find it useful.
We can see on this pair we are near a D1 Supply zone.
Price has already begun to react to it so we can see a push down.
COMMENT what you guys think!
THIS IS ONLY MY OPINION AND SHOULD NOT BE TAKEN AS INVESTMENT ADVICE
GBPCHF Possible SHORTprice has pulled back nicely to the 618 fib area which is also a key resistance area.
It is also below the 50D EMA & the 100D EMA as added confluences
We also have a bearish continuation flag forming on the 1H TF as additional confluence
I expect a little bulllish movement (30-50 pips) before a rejection of resistance and a bearish movement to the downside to the region of 1.192 region
GBPCHFPrice will make one more move to upward touching the resistance and move downward.
GBP has been weak past few days as big players are neither buying or selling.
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.
Will GBPCHF meet with resistance?Just playing about with some ideas for where this pair could go.
Drop your thoughts and comments below
Time to short GBPCHF?GBPCHF has retraced back after a long impulse to the downside. The confluence of Fibonacci and previous support turned resistance level to provide us a good zone to look for short opportunities in the 4Hr time frame.
GBPCHF SELLGBPCHF - Sell
Pound to weak, can't pass the resistance.
We going for a ride down.
Tell me what you think ?
