GBPCHF I Impulse correction in process Welcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Gbpchftrade
GBPCHF Short Trade Setup A #short trade opportunity recently presented itself on the #poundswissy (#GBPCHF) #trading chart 📉.
This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern on the 1.14873 horizontal resistance level (the bodies of the candles are actually below the level).
This indicates a rejection of the same level, with potential price move in the downward ⬇️ direction (#sell).
Sufficient downward momentum should see price dumping towards the 1.12000 psychological level and possibly testing the strength of the 1.11665 horizontal support level.
As always, please apply appropriate risk management.
Happy trading!
#crosspair
GBP/CHF - Anticipating Bearish Momentum from Key ResistanceGBP/CHF is forming an Anti-Cypher Harmonic Pattern (XABCD) on the 4-hour chart. This pattern indicates a potential reversal in the current trend.
Key Levels and Trendlines:
The price is approaching a key resistance area and a 4-hour trendline, suggesting a possible reversal from the bullish momentum.
Entry and Stop Loss:
Considering the Anti-Cypher pattern and the resistance levels, a prudent entry point for a short position is 1.1385. The stop loss should be placed at 1.14500 to mitigate potential losses.
Take Profit Targets:
We have identified three take-profit targets
TP-1: 1.13235
TP-2: 1.12650
TP-3: 1.12035
These levels align with potential support areas and provide suitable profit-taking opportunities.
Conclusion:
Based on the analysis of the Anti-Cypher pattern, key resistance levels, and trendlines, we anticipate a bearish momentum from Point D. Traders may consider entering short positions at 1.1385 with stop loss at 1.14500 and targeting TP levels at 1.13235, 1.12650, and 1.12035 respectively. As always, it's essential to closely monitor the market for any changes and adjust the strategy accordingly.
GBPCHF Technical Analysis and Trade IdeaThis analysis explores a possible trading opportunity in GBPCHF. We'll dissect the current trend, analyze price action, gauge market sentiment, and pinpoint a potential entry based on favorable conditions (further details in the video). Remember, proper risk management is paramount. It's crucial to understand this video is for educational purposes only and does not constitute financial advice.
GBP/CHF SELL from market 1.11.25All the signs are that this pair is headed south.
On H1 we are now under all key EMA's (25,50,100,200) and on H4 we are slipping unde the 50 EMA having broken the 25.
The Pivot Point SuperTrend is signalling SELL and the Andean Oscillator has the red SELL line heading north (for a sell signal) as it has been for the last 2 days.
My STOP for this trade is ultra tight being set at 1.1138 so its a minimal 14 pips.
Target initially is WS2 Weekly Pivot but this will only be reashed if the WS1 pivot breaks which we will not know about until it reaches that level (1.1102) if indeed it does.
MACD has confirmed the BEARISH bias and the only concern is RSI which is now readin oversold at 29 on H1.
No scheduled news now to get in the way of this trade until 13:30 GMT Thursday so this pair will head to where the traders are pushing it and for now at least this looks like south.
gbpchf
GBP/CHF appears poised for a bullish move on the 4-hour timeframe, supported by an ascending channel and an ABC pattern formation. Additionally, a breakout from a bullish pennant pattern suggests further upward momentum. Traders may consider entering long positions to capitalize on the anticipated bullish trend continuation.
GBPCHF I Potential short from supply zone Welcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Shorts in the House.
If any one look at this just like to said this is for my personal purpose education, thank you!!
All time Chart shows a Bearish trend, but its actually on weekly and Daily looking bullish,
Correlation on making a decision to short:
-High of previous accumulation
-78.60 Fib retracement
-the high of a new bearish posible forming
-even a good point to take some shorts short period forming a inverted SHS
- there was some turbulence already, - and this is a idea of 500 pips take profit -27 FIb
WHAT IF that does not happen, time its telling us all this years its a true and easy to see bearish trend, but if this tesis does not work because market can do whatever it wants does not care about my feelings, would keep moving up to break the bearish channel its under now.
GBPCHFPair : GBPCHF ( British Pound / U.S Dollar )
Description :
Completed Impulsive Waves " 12345 " and Corrective Waves " ABC " creating Double Top Pattern in Long Time Frame at the Daily Strong Resistance Level. Bullish Channel as an Corrective Pattern in Short Time Frame
Entry Precautions :
Wait for the Breakout or Rejection
GBPCHF Long Term Buying Trading IdeaHello Traders
In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
EURCHF I Descending triangle correctionWelcome back! Let me know your thoughts in the comments!
** EURCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Daily Wave Rider - GBPCHF - SELLGBPCHF
Channel: RED
WK Pivot: RED
AOB: WP
CON: SBB
SELL Stop: 1.08498
Stop Loss: 1.08867
TP01: 1.08129
TP02: 1.07391
DWR present as a sell setup on 26 OCT, with Channel and Pivot are red bouncing off weekly pivot
However, trade is not taken/considered
SPX500: SELL
DXY: BUY
OIL: BUY
GOLD: BUY
Daily Wave Rider - GBPCHF - SELLGBPCHF
Channel: RED
WK Pivot: RED
AOB: EMA10
CON: SBB
SELL Stop: 1.08574
Stop Loss: 1.09432
TP01: 1.07726
TP02: 1.06030
DWR present as a sell setup on 25 OCT, with Channel and Pivot are red bouncing off EMA10
However, trade is not taken/considered
SPX500: SELL
DXY: UNSURE
OIL: BUY
GOLD: BUY
Daily Wave Rider - GBPCHF - SELLGBPCHF
Channel: RED
WK Pivot: RED
AOB: WP
CON: IB
SELL Stop: 1.09487
Stop Loss: 1.10006
TP01: 1.08968
TP02: 1.07930
DWR present as a sell setup on 18 OCT, with Channel and Pivot are red bouncing off weekly pivot
Trade is not taken
SPX500: SELL
DXY: SELL
OIL: SELL
GOLD: BUY
GBPCHF I Correction and more potential downsideHello,Traders!
.
.
.
.
.
GBPCHF fulfilled our previous idea and broke out of the
descending triangle to the downside. It has now formed a support
at 1.0917 which was a previous pivot support in October 2022. In
the short term, we expect a correction to the previous structure broken
and more potential downside from 1.1040 - 73. Short!
Trade safe and good luck!
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Check out other forecasts below too!
Daily Wave Rider - GBPCHF - SELLGBPCHF
Channel: RED
WK Pivot: RED
AOB: EMA10
CON: SBB
SELL Stop: 1.11038
Stop Loss: 1.11469
TP01: 1.10607
TP02: 1.09745
DWR present as a sell setup on 9 OCT, with Channel and Pivot are red bouncing off EMA10
However, trade is not taken/considered as it is Monday which is normally correction day and market is unpredictable
SPX500: BUY
DXY: SELL
OIL: BUY
GOLD: BUY
GBPCHF Long Term Buying Trading IdeaHello Traders
In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPCHFObserving GBPCHF's current price action, there's a discernible pattern hinting at a potential ascent towards a new higher high. The outcome beyond this juncture remains intriguing – the currency pair could opt for a sustained upward trajectory, leveraging the momentum, or opt for a temporary consolidation, strategically recalibrating before charting its subsequent course. In the dynamic realm of financial markets, such junctures often present opportunities for strategic positioning, reflecting the interplay of market forces and sentiment. As we navigate these waters, staying attuned to the market's nuanced cues becomes paramount.