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Gbpchfshort

GBP/CHF SHORTGBPCHF has retested the support level of the horizontal channel on the H4 time frame, This could become a new resistance area on the daily timeframe. We expect the pair to re-test the key support levels listed on the chart, We taking this trade based on technical analysis and candlestick patterns. Please use proper risk management depending on your account size, Use lot sizes based on these calculations. Here is a breakdown of your pip value in ZAR and Dollars 0, 01 = R1,43 / $0,10c 0. 05 = R 7,15 / $ 0.50 0.10 = R 14,3 / $1.00 1 Lot size = R 146,26 How to calculate Margin = (Lot Size * Contract Size)/Leverage, Let's say your broker gives you 1:500, and you open 0,2 size, How much are you exposing? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960) So, each time I open (1 Lot size, am exposing R2960 (Down payment) Remember, These are long-term trades, It is advisable to have enough margin to handle the fluctuation of the markets. Please like and share for more useful content:
Short
by Pro-Trading-Africa
False Breakout or Break Down Towards 1.06 ?I find this pair interesting, and there is a bias for both a long and a short trade, which I'll explain in this post. Let's start with the short trade idea. Last Friday, there was a significant move as the price broke below the 1.105 support level, which had held since August last year. The price dropped to the next support at 1.09 and has since bounced back towards the 1.105 previous support and should now act as resistance. To confirm the breakout, we need the 1.105 level to act as resistance. So, for the short trade, I'm looking for the price to come back to this level and show resistance on shorter timeframes, similar to the image below: If we see this type of price action, I'll use my TRFX indicator to find selling opportunities on shorter timeframes. If this happens, there's a good chance of a downward move towards the BUY/DEMAND area starting at 1.06, which could attract long-term buyers and be a good place to start a long trade, this is where I will be looking to go long. To invalidate the short trade, we'd need confirmation that the breakout was false, along with a strong weekly close above the 1.105 level.
Short
by TheFxAce
11
GBPCHF I Correction and more potential downsideHello,Traders! . . . . . GBPCHF fulfilled our previous idea and broke out of the descending triangle to the downside. It has now formed a support at 1.0917 which was a previous pivot support in October 2022. In the short term, we expect a correction to the previous structure broken and more potential downside from 1.1040 - 73. Short! Trade safe and good luck! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Short
by BKTradingAcademy
4
GBPCHF Long Term Buying Trading IdeaHello Traders In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET today GBPCHF analysis 👆 🟢This Chart includes_ (GBPCHF market update) 🟢What is The Next Opportunity on GBPCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20