Gbpchfshort
GBPCHF to find sellers at previous support?GBPCHF - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
A higher correction is expected.
Short term bias has turned negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
We look to Sell at 1.1325 (stop at 1.1361)
Our profit targets will be 1.1235 and 1.1215
Resistance: 1.1330 / 1.1415 / 1.1520
Support: 1.1220 / 1.1175 / 1.1120
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GBPCHFFX:GBPCHF On the 4 hour time frame, we are awaiting a break of structure. Previously we registered a Change of character indication a shift in order flow to bearish. Once we have a break of structure, the shift will be confirmed. Once this happens we will look to sell at a fair value gap, fresh order block or unmitigated supply targeting the fresh order bloc (FOB) or the liquidity. Our long term target is the break of weekly swing structure.
GBPCHF Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCHF - Long active ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: As I expected in my previous analysis price retraced, filled the imbalance and then rejected from bullish order block. Now I expect bullish price action and price to form a new higher high.
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GBPCHF - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: After the change of character here, we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: Tomorrow we have news on GBP, will be released monthly GDP. Pay attention to the result in order to validate the analysis.
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GBPCHF meeting strong Resistance at 1.18Currently short
Strategy Leg Trade
GBPCHF making currently LH LL
POC is heavy resistance
The VP of today(10May2023) is D-Shape leaning bearish
IF BREAKING 1,08756 it can go to 1,05945
There may retrace
If Breaking throuh ,then it can Fall to 1,01875
Low Volume are:
Big Probabilitiy that we will have Big retracement there
as Buyers on Sept. 26,2022 PUSHED the market higher,
Agressive Buyers will defend this zone whatever it takes
If breaking above 1,18,then it can go to 1,29
For Counter Trades
1,00-1,03 Buy Possibility wit a taret to 1,15
1,29 Sell Possibility Target 1,18-1,20
Use always stops.
GBPCHF - Bearish Trend - ShortBased on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs).
Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present.
I recommend taking a short trade with a risk/reward ratio of 1:1.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
GBPCHF to turnaround at 61.8% retracement?GBPCHF - Intraday
Buying pressure from 1.1108 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Although this gives the medium term bias a mild bullish edge, we expect intraday trading to continue to be mixed and volatile.
Preferred trade is to sell into rallies.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.1270, resulting in improved risk/reward.
We look to Sell at 1.1255 (stop at 1.1295)
Our profit targets will be 1.1150 and 1.1130
Resistance: 1.1250 / 1.1315 / 1.1415
Support: 1.1150 / 1.1080 / 1.0990
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
CROSS CHF PAIRS OUTLOOK A brief video on cross CHF pairs. We look at the GBPCHF chart and see a possibility of a break of keys structure to signal a bearish set up. For the NZDCHF there is a possibility of a bullish correction before a further bearish decline. For CADCHF we are looking for a bullish correction in the coming weeks.
GBPCHF SHORTGBPCHF
On the one-month timeframe, GBPCHF displays a strong bearish trend, creating new lows. The long-term outlook on the monthly timeframe is largely bearish, though the pair was in a bullish mitigation or correction.
Dropping down to the weekly timeframe, we see a break in structure that created the new low at 1.0 price handle. Thereafter, there was a strong bullish correction targeting supply at the 1.16 price handle.
Since then, we have seen this pair create lower lows, indicating a bearish correction targeting the unmitigated demand (yellow order block).
Presently, we are monitoring the pair as we anticipate it to push lower and break the key structure (KSD).
Thereafter, we will have two options:
a. A minor bullish correction targeting the unmitigated supply at the 1.14 region where it will pick orders and slide further targeting the unmitigated region (orange arrow).
b. The break in daily volume will result in a further bearish slide targeting unmitigated demand. This option, represented by the red arrow, may not give sellers an opportunity to enter the market. However, buyers can look to enter once demand is mitigated.
How do we intend to trade this pair? We have a bearish bias in the interim, therefore, we are anticipating Option (a) to play out and pick our sell limit orders sitting at 1.1435 (liquidity) targeting 1.073.
NB: Our analysis is strictly based on supply and demand, suitable for swing traders.
Risk Warning: CFDs carry a high level of risk to your capital, and you should only trade with money you can afford to lose. Trading may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer: I am not a financial advisor, and I am not telling you where or when to take a trade. I express my personal opinion only. Trading in financial markets involves risk. I am not responsible for any losses incurred due to your trading. I do not recommend any specific trade or action, and any trades you decide to take are your own.