GBPCHF SellVery Interesting pattern forming - But I am taking a sell on this next week
target 1 - 1.26
target 2 - 1.25
Gbpchfshort
GBPCHF Potential Short SwingGBP is bearish long term, however it has recently had some bullish momentum. lots of traffic currently on daily, appears to be rejecting a resistance. ideal entry is about 1.286
Selling GBPCHFFrom a technical and trading perspective the GBPCHF has tested a resistance cluster 1.2850/1.29 containing symmetry,equidistance swing and fib significance. Yesterday’s bearish key reversal coincided with an exhaustion volume spike on the prior test of resistance, the tails on the daily candles combined with daily divergence suggest near term exhaustion. A breach of 1.27 today would confirm the reversal pattern and open a move to test prior resistance as support at 1.2490, a breach of 1.2785 would negate the pattern and give cause to reassess.
GBPCHF - SELL NowPrice is retracing from 0.618 level and its in overbought situation as well. "W" pattern was created in the chart. This is very strong sell signal.
Note: Trade at your own risk.
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GBPCHF shortDue to fundamentals i wont be taking this trade however we can see a rising wedge forming which suggests we could see a temporary move to the downside. We also have bearish RSI and MACD divergence.
GBPCHF Short Trade setup.In the name of Allah, the Most Gracious, the Most Merciful
GBPCHF Short Trade setup.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
FOLLOW ME: GBP/CHF SHORT OpportunityGBP/CHF is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry.
Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing!
COLOR KEY (which time frame each markup is based on):
RED - Monthly
ORANGE - Weeky
GREEN - Daily
AQUA BLUE - 4H
PINK - 1H LIGHT BLUE - 15M
PURPLE - 5M
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GBPCHF SHORT IDEAIf price closes under the major resistance line, could be looking for the exchange rate to plummet south on a C corrective wave.
GBPCHF 2 options to trade the pairMy bais is a continuation to the downside however if we break above resistance then we will have a strong confirmation of a new up trend. t.me/REAL_LIVEFOREXSIGNALS
GBPCHF Possible Down MoveAs per the Chart.
Abbreviations;
ND=No demand
NS= No supply
DW= Demand Wave
RFSB= Resistance from Supply Bar
SFDB support from Demand Bar
SLK= Stop Loss killer
SLKB= Stop Loss Killer Bottom
DB= Demand Bar
SB= Supply Bar
EVRB= effort vs Result Bottom
My Mentors and Inspiration
Volume Analysis - Oleg Alexandrov
Money and risk Management - Dmitriy Lavrov-
GBPCHF Bearish PlanIn reference to this plan below, the pair didn't exactly stay inside the range but there was certainly a bull trap/stop hunt/liquidity run above those levels.
I am anticipating the price would reach the 20-week AWR downside projection this coming week. Based on this anticipated move, I need the price to tap into one of the levels I marked on the charts, to warrant my short position of the pair
The ongoing risk for bearish plans for any sterling pairs is any development on Brexit related news such as bad things happening to Borish Johnson expense and or bad news on no-deal Brexit. No risk event for Switzerland
GBPCHF LONG TRADE."In the name of Allah, the Most Gracious, the Most Merciful"
This is Risky Trade use Only 0.01 Lot.
GBPCHF LONG TRADE.
Note: This is only for Educational Purpose this is not Investment advice.
Thanks
Adil Khan.
ORBEX: EURJPY, GBPCHF - US-EU Tradewar Begins, BoJo Submits PlanIn today's #marketinsights video recording I analyse #EURJPY and #GBPCHF
#EURJPY looking bullish on:
- Expectations of further BoJ easing
- Poor JP consumer confidence
- Soft BoJ monetary base
- Good German PMIs and EA Inflation
#GBPCHF looking bearish on:
- Expectations of a strong franc
- Poor UK construction PMI
- Fresh BoJo proposal sentiment
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
GBPCHF - anticipating range bound marketIn the wider context, I am bearish Sterling. However, I am anticipating a range-bound price action today BUT I will only take "level rejection" to short this pair. I am looking for bull traps at the levels I have marked on the chart.
No risk events for the U.K and Switzerland
update GBPCHF .price is touching trend line and now is best time for going short on GBPCHF and just i'll wait price close .
possible technical shorts could be seen from current price zone trading at the resistence 1.22645 is holding well with a nice H4 pinbar .and now H1 resistence is holdimg with other binbar rejection . possible technical shorts could be seen from current price down to 1.21250.
