Gbpchfshort
GBP/CHF Head & Shoulders - ShortGBP/CHF H4 time frame making a head & shoulders pattern. Price is currently at key level support. If we break this support, we could find price moving to the downside. Potential 100+ pip if we can find good entry with confirmation.
Overall trend: Down
Stop Loss: ~1.2300
Entry: roughly 1.2190 zone
TP 1: 1.21200
TP 2: 1.20700
GBPCHF planAnalisa Teknikal masih mencadangkan saya untuk Bearish kesemua GBP pairs. Risiko besar bias ini adalah perkembangan terkini Brexit & suasana politik di United Kingdom. Berdasarkan data-data yang lepas, market seolah-olah "react" jika news tersebut berupakan news yang tidak baik bagi No Deal Brexit ataupun apa sahaja yang kena mengena dengan Boris Johnson.
My technical analysis suggest that I should be bearish the Pound Sterling. The risk for this bias is any development of Brexit that usually led to Sterling to be bid. i.e No Deal Brexit, any bad things happen to Boris Johnson
Price action yesterday was exactly what I wanted. Since I am bearish GBPCHF, i was looking for a bull trap at the levels that I have marked today on the chart. P2 bearish had been activated, I am still waiting for a bearish trigger signal and/or another test on the upside, preferably breaking yesterday's high.
The daily range yesterday exceeded the 20-day ADR upside projection hence I am anticipating a more subdued price action today. Just anticipation. I love volatility, I wish there is one every day.
GBPCHF 1H Short IDEADouble top formed and head and shoulders pattern. An impulse move to the downside can be seen with a pullback to the 61.8/71 Fibonacci along with a re-test of the trendline as resistance. The market was playing in a wedge until the last candle closed outside with now what looks like a test as resistance with the 38.2 Fibonacci along with the resistance of the support trendline.
There are more confluences that are not shown on the chart for simplicity and leverage.
ONLY TAKE THE TRADE IF CURRENT CANDLE CLOSES BELOW 38.2 FIBONACCI.
GBPCHF - POSSIBLE EASY 3000 PIP TRADEGBPCHF has a great opportunity for next to short down to 1.18500. The GBP continues to weaken as the safe haven CHF grows strength on global trade tension. We have breached a key support and are looking to go lower.
GBPCHF Look For Trend Line RetracementHello Traders,
We are simple just correcting the big up move we had recently, and we need to wait and see whether or not this will completely reverse to the downside or just bounce right back up.
For now, look for more down-movement at least to the trend line before anything else.
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GBPCHF #Forex #ForexTrader #ForexTrading #ForexChartIf you missed the opportunity to go short on GBPCHF from the top then this breakout maybe another good chance to enter on the 1hour TF
Any questions feel free to ask
Ben
#PipGainFx
GBP/CHF : Looking For SellBUY & SELL As Per Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !
Buying GBP/CHFBuying GBP/CHF
Entry: 1.2392
target 1.2490 (98+ pips)
SL: 1.2295 (97- pips)
Risk reward 1:1
Use a sensible lot size.
GBPCHF NEXT WEEK'S OUTLOOKPrice rejected the upper blue zone twice.
The price will bounce from the yellow zone.
I expect the price to make a sharp move at around 1.243 to the south.
Target is the lower blue zone.
GBPCHF #Forex #ForexTrader #ForexTrading #ForexChartLike all the GBP pairs baring the NZD there are shorting opportunities on every pair.
waiting for monday
confirmation on the 4 hour TF and all my rules to be met then i will be opening a short position..
GBPCHF POSSIBLE DOWNWARD MOVE FOR AT LEAST +30PIPS?Do your analysis and get personal confirmation pls.
this is pure techical
