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Gbpchfshort

GBPCHF: BEARISH Market Analysis! Watching for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: The market is still correcting below the HTF double top, and looks like forming a M pattern as a continuation of its previous bearish movement after it broke the rising wedge at the beginning of November. Considering the sharp movement started from the current level, the possibility to get seller pressure is high and we would be looking for a short entry, targeting its previous swing low, at about 1.10500. When, where and why would we step into the market? The overall momentum is still bearish, and we don’t see at the moment any sign of reversal, yet. However, the market is still correcting and it has just left the frontside market movement. In the scenario of breakout and further correction, we will definitely try to take advantage of it, entering short if the RR will be 1:3 or greater. With no breakout and bullish continuation, no action will be taken. If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
17
GBPJPY - Daily Trade Idea - 11-Nov-22GBPJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
Short
by onelinkFX
1
GBPCHF: Market Reversal followed by BEARISH Price ActionHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In October 2022, we could see a strong bullish impulse and in that time out bias was quite bullish considering about 800 pip of move. We were looking for a correction phase before the potential next movement, which it never happened. Eventually the market approached on the level around 1.1400, correctively, forming a rising wedge, which usually is a potential reversal pattern, if it make sense with the overall price action. At the end of October, a strong reversal impulse changed and confirmed the new bearish bias! The price currently is correcting the previous move, and it could proceed its downward movement targeting the level 1.1200 and 1.0900. When, where and why would we step into the market? We missed the first entry on the breakout of the LTF structure, so we will be looking for a second entry if a bearish price action will form during the current day. The overall bias is bearish, enough HTF and LTF confluences are a confirmation to short this market! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
14
GBPCHF - Daily Trade Idea - 10-Nov-22GBPCHF (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
Short
by onelinkFX
GBPCHF - Daily Trade Idea - 4-Nov-22GBPCHF (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
Short
by onelinkFX
1
20 reason for sell GBPCHF1: Structure analysis time frame: 4 HOURS 2: Profit target time frame: DAILY 3: Trade type: SWING 4: Entry Time Frame: H4 4.1 Entry TF Structure: bearish 4.2 entry move: IMPULSE 5: Support resistance base: H4 FAIR VALUE GAP AND ORDER BLOCK 6: FIB: 100% BREAKOUT AREA 7: candle Pattern: MOMENTUM CONTINUATION 8: Chart Pattern: HEAD & SHOULDER 9: Volume : SUPPORTIVE 10: Momentum UNCONVENTIONAL Rsi: BELOW 40 SUPER BEARISH 11: Volatility measure Bollinger bands: JUST BEGIN WALKING ON THE BAND 12: strength ADX: BEAR 13: Sentiment ROC: SUPER BEARISH 14: final comments: SELL NOW EVERTHING CONFIRM 15: decision: SELL 16: Entry:1.1390 17: Stop losel: 1.1461 18: Take profit: 1.1010 19: Risk to reward Ratio: 1:6 20:Excepted Duration: 4 DAYS
Short
by Optimum369
1
GBPCHF - Daily Trade Idea - 3-Nov-22GBPCHF (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
Short
by onelinkFX
1