Gbpchftrade
GBP/CHF Retreating To SupportGBP has been correcting over the past few days against most, if not all pairs. This recently had a breakout above a big resistance level so the retrace was expected and should go back to this previous resistance which will now act as support. Anywhere from 0.382 and 0.5 Fibonacci will be a good longing position. We need to see the price start to turn first and the MACD and EMA's confirm this is turning higher before entering a position.
Target is 1.25320 although there could be some resistance at 1.24742
GBPCHF Price needs to crack that trendline but we Like GBP CHFWe are still very Bullish GBP so are only trading it against the weakest currencies at the moment.
Our Currency Heat Map suggest we still need to be Trading GBPJPY and GBPCHF we also have been intraday trading GBPUSD
GBP/CHF BreakoutAs previously reported on GBP/CHF this is breaking above the resistance. If this closes above resistance then look for a retrace to support before entering a long. TP is 1.25320 which is the next resistance level. Use 4HR and 1HR timeframes and MACD and EMA to help time the entry. I will make another idea with shorter timeframes if this starts to retrace to support.
GBPCHF, Break out Strong Trend line, shortGBPCHF, Break out Strong Trend line and meets strong Daily Resistance!
GBP/CHF to BreakoutThis has clearly been ranging between the levels marked. It may continue to do this but I am only looking to trade this if it breaks above the resistance, then a long can be taken when it retraces and tests this previous resistance which will be turned support.
GBPCHF ( ATTENTION EVERONE)GBPCHF is moving while respecting Trend channel (Bearish channel) and I am saying that GBPCHF will buy after a break of trendline resistance, Remember that price has already tested the stong level of support from here it can buy and break the bearish channel easily , So the way in which we will be approaching this is always being reactive and not predictive
GBPCHF BUY OPPORTUNITYI suppose GBPCHF will increase from the point shown in the idea post to the higher levels in daily timeframe.
GBPCHF IS SELL#gbpchf #gbpchfshort #gbpchfsell
As price is on the resistance level and also showing price action for sell so i am expecting that market will fall i am Trading that pair with a nice risk to reward ratio so you can sell that.
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Time to short GBPCHF?GBPCHF has alligned perfectly for a correction here. We saw impulsive movements earlier in the month, which are now followed up by a corrective phase. As of now, we are bearish as GBPCHF rejects off the 61,8% fib level and is signaling a drop soon. Should we see price exit the rising wedge, we could safely enter, but for those interested in an aggressive entry method, like me, we go in now with a stop loss above the previous High. Let's see what this pair can bring us in.
Bullish Breakout!Looking for a Bullish breakout on the 4 hour chart on GBPCHF, Very strong support level has shown rejection so potential for reversal. We'll wait and see!
Daily Update- Sell -GBP/CHF-- W1Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
