Gbpchfshort
GBPCHF: Short Trade setup.GBPCHF: Short Trade setup.
Market Retest Confirm.
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GBPCHF Idea We have the price in a strong zone, if the price rejects that zone and starts to come down, at least to the TL, would be good, and if we break that TL, we have the next support as target.
GBPCHF bounced from support, potential for a further rise!
GBPCHF bounced off 1.26798 where it could potentially rise further to 1.27032.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
How To use RSI to Confirm BreakoutsI took a trade this morning on GBPCHF. I was able to confirm the breakout using the relative strength index. ENJOY!
GBP/CHF SHORT SET UPSell GBP/CHF
Entry 1 1.28040
Entry 2 1.28280
Sl 1.28600
Tp.1 1.27740
Tp.2 1.27540
Tp.3 1.27340
Tp.4 1.26980
GBPCHF potential bounce!
GBPCHF expected to reverse up to 1st support at 1.27094 where it could potentially react and bounce to its resistance at 1st resistance at 1.27578.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCHF WXY - ABC completedwe see a completed WXY pattern which cleared the previous highs. expecting some downside movement.
GBPCHF SELLGBPCHF SELL awaiting price to again reach the purple box region, I will only enter this trade if we see rejection on the 4hr time frame for us to take this short.
Remember to take partial profits.
300 PIP GAIN RR
GBPCHF trade idea on H4Plan : wait for price to bounce off from horizontal / trendline resistance --> 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.
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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GBPCHF MARKET ANALYSIS 4H TIMEFRAME | SYMMETRICAL TRIANGLESymmetrical triangle formed at 4H timeframe of GBPCHF. Wait for a breakout to happen either uptrend @ downtrend.
Trade following which direction of a breakout occurs. Buy if breakout above triangle & sell if breakout below triangle.
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GBPCHF - Short?Open position in the correction phase is always risky, but let see what happens next!
Cheers!
GBP/CHF - AM WATCHING FOR NICE RETEST FOR FURTHER DOWNSIDEKeep an eye on this, simple price action on this one and it could continue through just watch for further downside, am keen on taking this one myself if continues with clean price action, let me know thoughts :D
GBPCHF roadmap on dailyNote : last week daily closing price was formed a bearish pinbar, this pattern bounce off from our key resistance level. it's a good call guys ;) ... i'll give an update if the short signal is ready
**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.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCHF - Retest CompleteAs we can see from the daily chart the pair has risen to retest the previous broken support zone at around the 1.27 psych level - I believe this was due to GBP gaining strength on last weeks employment data.
Bullish momentum appears to have slowed at this zone with price action showing a potential reversal (doji), whilst retesting the opposite side of the upward trendline.
I look to enter a short position targeting the next structure at the mid 1.24-1.25 range. Will be eying this pair for confirmations at London session opening in a few hours.
Potential 200+ pip move!
GBPCHF SHORTHello Bunny's, here is my analysis for GBPCHF. Let me know in the comment section if you guys have any questions.
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Sell opportunity for GBPCHFGBPCHF is heading to the downside. sell and take profit at the TP zone.
4HR time frame.
good luck!
