Very possible long trade opportunity GBPCHF...Price have shown a nice move back up through various resistance lines. Now we see a clear level of support @1.195 and I expect a move up to @1.212
Just be patient and let's see what happens.
Gbpchftrade
GBPCHF approaching resistance, look out for potential reversal!
GBPCHF is approaching its resistance at 1.20363 where it is could reverse down to its support at 1.20148.
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#GBPCHF, Is there an end to the declines or not yet?Important weekly support has been breached.
The red line above the green line within the Ichimoku cloud marks continued declines.
The gbpchf is below all the important moving averages.
Uncertainty in the UK weakens the pound.
Uncertainty in the global economy strengthens the chf
Target: 1.1480
Long-term analysis #GBPCHFWe have the Stochastic monthly which is already quite low.
We arrive at a very big monthly support that just, for this reason, it is interesting to place a purchase order.
target: 1.2550
GBPCHF DAfter long downtrend the pair seems to have find a bottom. We can see that it has formed a flat since the end of June but RSI gains strength. Now, MACD also confirms that the pair is ready for a leg up. The area 1.265 would be a good place to take profits as it is not only near an area of resistance but will face the 50 MA
On the 4H chart we can see how the pair is gaining strength in RSI. If it goes above the 50MA and holds, that would me my signal to enter long
GBPCHF came to key support zone.GBPCHF came to key support zone. We can look small timeframe for entry.
GBPCHF - 150 PIPS + OPPORTUNITYDo not open any trades yet, wait for second high test. I personally have already opened a trade when it did it's high test before the last candle drop. Will keep it open or close it as the market gives more data as to which direction it wants to take.
GBPCHF has broken under the 4H 50 EMA and is failing to recover back on top. Following the drop, prices did a high test (weren't able to push for a move higher up). Thus, confirming it can't move back up.
We can expect a drop of 150 pips + after another high test happens shortly (Green candle with tick only on top of body and preferably no tick under the body) on the 4H chart.
Trade safe.
GBPCHF made Bearish Engulf candleRespected followers as we can see on the chart that on last friday GBPCHF made bearish engulf candle and also rejected 200 SMA on overbought of stichastic level which give us full surety of sell trade on this current price.
GBPCHF is in bullish trendRespected followers, as we can see that GBPCHF has rejected its trend line on thursday which was support line accordingly trend line. So in this way we can see further upside move in GBPCHF. Reward ratio is 1:2 which is too good.
GBPCHFMy opinion on GBPCHF is the price might touch the 50 SMA before continue to the downtrend or uptrend. But let see what the daily price action gives us for tomorrow. Patience is one of best weapon one trader must have . Good luck guys
GBPCHF Sell Trade OpportunityWe Are Seeing A Nice Sell Opportunity Will All This GBP Pairs This One ( GBPCHF ) Included. Preferably, Look For Sell SetUps & Then Enter. This Can Also Act As An Entry Point JuSt Make Sure You ManAge The Trade With A Good SL (nOT tO tIGHT) Preferably 1.2964 Levels
GBPCHF - Daytrade - Short OpportunityPrice made a double top on a daily chart resistance. Going short!
GBPCHF Short Trade Idea GBPCHF Short Trade Idea: Simple Trade This One. Expecting This Pair To Continue With It's Downward Move Come Next Week (Assuming We Don't Have Some Crazy New Coming Out Of UK). A Nice SL Will Be Around 1.2675 Levels and TP 12469 Levels
GBPCHF - Long - AnalysisPrice presented a bullish engulfing on the daily chart, made higher high and higher low. Waiting for the price to break the consolidation to go long!
GBP/CHF - 100+ Pips Bullish OpportunityGBP/CHF has broken the 50 EMA on the 4H chart and is currently finding support on top of it.
We can wait a bit more for the confirmation of the up move and enter in the move.
Trade safe.
GBPCHF LONG IDEAPRICE IS IN AN ASCENDING WEDGE ON THE WEEKLY
PRICE PREVIOUSLY BROKE THE 134500 LEVEL TO TEST THE TREND LINE AND NOW ITS HEADING IN THAT DIRECTION AGAIN
THERE ISA MINOR RESISTANCE IN THE 132500 AREA THAT HAS BEEN TESTED 4 TIMES.
i WILL BE WAITING FOR PRICE TO BREAK OUT OF THE RESISTANCE AND HIT THE 132800 LEVEL BEFORE GOING LONG ON THIS PAIR
OR I WILL JUST WAIT FOR PRICE TO RETEST THE LOWER TREND LINE THEN GO LONG.
going long here, i think we should test previous swing high heregoing long here, i think we should test previous swing high here
GBPCHF, 4H, Entry after market open?Hi traders,
The GBPCHF on the 4H chart is showing a beautiful Head and Shoulders pattern whereas the neckline has been broken. Now we are at a strong flipzone area that needs to be broken next. Let's see if we are going to break it or bounce back into the neckline.
As always, stay patient :)
Buy GBPCHF Breakout Long Term Based on Multiple TimeframesThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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