GBPCHF a potential short before the bulls kick in.If the sell off won't bounce the 50ema it will bounce off the flipzone on the W pattern for a buy. Use proper risk management.
Gbpchfshort
GBPCHF Trend Reversal Pattern At Top.GBPCHF is Trading at the top also at the current price level it is forming the descending triangle pattern which indicates the trend might reverse from here. If GBPCHF breaks from the current price level we might see further downside in GBPCHF.
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GbpChf- bearish under 1.1940After breaking the rising wedge resistance, GbpChf is consolidating in a tight range (considering its volatility).
I still believe that a top is in place and the downtrend is about to resume and a daily close under 1.1940 would reinforce this view.
Potential target for short positions can be 1.15-1.16 zone
GBPChf expected to drop down Hello guys, as we can see we expected GBPCHF to drop down, we have many conifrmations and we wait for breaking the neckline and retest to get in, so be prepared guys.
GBPCHF-Short below Today's lowI have been watching the retrace on the daily and it looks like it is about to stall and reverse.
GBPCHF-Short as retrace fadesGBP tanked and then retraced a recovery. I'm watching for a breakdown to 1.6 ish.
GbpChf- towards 1.16?Like in other currency pairs, Gbp corrected forming a rising wedge also with Chf. Now the support of the pattern is broken and the pair is ready to resume its downtrend.
A sell trade on this pair has a spectacular R: R ratio of 1:4
GBPCHF: SHORTIDENTIFY: Price is in the sellers territory and maintaining the downward trend
PLAN: So looking at going short, because of the daily bias. Another thing I am looking out for is the break of the support and probable retest.
TRADE: Place Sell Stop/Sell Limit order, anticipating a continuation to the downside after the pull back.
NB: Use risk management to determine the Stop Loss and Take Profit
#GBPCHF - ShortWaiting for the close of this 4HR candle if it closes below my mini trendline then I will open a short position
GBPCHF analysisA bearish candle is forming. We can expect to sell from this level.
please share your views in Comment section. Thank you
GBPCHF - INTRADAY - 31. MAR. 2020Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Bearish market open and pressure.
4 HOUR
Prices broke 1.19000 and instantly started to pullback.
OVERALL
Break and close of psychological turning area done, freefall with pretty high chances now!
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FOREX INTRADAY
SELL GBPCHF
ENTRY LEVEL @ 1.18700
SL @ 1.19230
TP @ 1.17940
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
BRITISH POUND / SWISS FRANC (GBPCHF) DailyDates in the future with the greatest probability for a price high or price low
BRITISH POUND / SWISS FRANC (GBPCHF) WeeklyDates in the future with the greatest probability for a price high or price low
BRITISH POUND / SWISS FRANC (GBPCHF) MonthlyDates in the future with the greatest probability for a price high or price low
GBPCHF short 170 pip dropGBPCHF short, double top formation, continous rejection of key zone and failure to have a full candle closure above. nice risk reward should be a good trade!
GBPCHF short trade ideaPlan : wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL
please do your research independently and use my analysis as a reference, do not blindly follow and use improper risk management!
**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 like i do, please write it in comment so we can manage the trade together.
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GWBFX
