Gbpchftradingsetup
Possible trend reversal on GBP/CHFHi Traders
GBP/CHF (H4 Timeframe)
A medium to high probability, to go SHORT is forming @ 1.28716 after the market found resistance @ 1.29717. Only the upward break of 1.29717 would cancel this bearish scenario.
Trade details:
Entry: 1.28716
Stop loss: 1.29717
Take profit 1: 1.28186
Take profit 2: 1.27241
Take profit 3: 1.25701
Score: 7
Strategy: Bearish Trend Reversal
GBPCHF, Break out Strong Trend line, shortGBPCHF, Break out Strong Trend line and meets strong Daily Resistance!
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.
If you are agree with my analysis than like and follow me
GBPCHF NEXT TRADE SETUP(LONG BUY)Its looks like it made need to do a small correction sell direction with corrective setps movement before continuing climbing towards Long. We have some bearish divergence on the 1 minute time frame with the MACD crossing above.Its rising in the smooth Uptrend. As the price bounced from the trend line we establish Support zone there and after the bounce from the latter and Bullish Engulfing expect the pair to rise, good chance to capture good pips but as you can see D1 & W1 time frame it has beraish moves continuously .
Entries should be applied if all the rules are applied.
Do below comment us for instance.
GBPCHF / SHORTApologies the chart looks a bit squashed but its easier to see everything on the daily
We can see price has reached its daily resistance and been rejected
We can also see price has tried to retest a broken support level
Now we are looking for structure to be broken / bounce off a fibo level and a short down to the 127.0 fibo level
GBPCHF GBPCHF PRICE IS MOVING TO STRONG SUPPORT LEVEL WHICH WAS OUR PREVIOUS RESISTANCE.
IF IT DOES NOT BREAK THE STRUCTURE,
I EXPECT TO LOOK FOR A GOOD LONG POSITION.
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COMMENT WITH YOUR IDEA
GBPCHF ANALYSISPRICE JUST BOUNCED OFF A VERY RESPECTED AND STRONG SUPPORT ZONE AND IS PROCEEDING UPWARDS. LOOKS LIKE A 300 PIPS MOVE. WILL TAKE 1 OR 2 DAYS TO REACH TP.
GBPCHF Analysis Buy & Sell Positions Here in GC i'm focusing on buying as well as on sell. So, Firstly focusing on buy then we have a trend which is about to break as it bounce from the support zone which is absolutely strong..Also over that support zone we have a Zone in which is trying to move...... and if we talk about its resistance which is seems to be same that's mean its the base from where sell trade is so good but now according to situation we are on buying it .....if it break the support zone @1.165 then we hold a sell trade till its next support & from there we finally buy it..........
All zones are clearly shown in charts so it depends on you how you see the market, if your mind caught it you're happy to take it otherwise patience till your blue trade......
I Hope From This You Got Some New Idea On GC ........
GBPCHF 4Hr Long!Note: Idea is to complement your research.
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GBPCHF Short 8:1 RRWhat I see here is quite interesting, with very low risk we just do this trade to check price movement, as we have psychological point at 1.20000 it works as a resistance just above which it confirms our trade, with RR of 1:8 which is really good to trade,
but lets see guys,
Goodluck Everyone ...
GBPCHF SELL AFTER 1.2030HI, TRADERS
MY NAME IS KD
TODAY I HAVE A GOOD STRATEGY PUBLISH TO ALL OF YOU :)
YOU CAN CLOSE YOUR TRADE ANYTIME AFTER YOU SEE PROFIT.
THERE IS NO OBLIGATION TO CLOSE AT TARGET TP.
RISK MANAGEMENT IS VERY IMPORTANT :)
HAPPY TRADING~
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GBPCHF LONG! 4HR! Trendline-To-Trendline Long Trade Note: Idea is to complement your research.
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GBPCHF LONG TO RESISTANCE FOLLOWED BY CONTINUATION OR REVERSALComparing Weak Vs Strong currencies this past week (end 2/14), GBP shored strength whereas CHF relatively weak of the two currencies-- meaning a BUY bias for the pair.
Daily chart analysis has the pair price approaching significant Resistance.
A good technical approach on this pair provides awesome Long opportunity to Resistance with potential continuation to upside or counter-trend to downside targets depending on price action and/or currency strengths.
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GBPCHF LONG A trade which is one of my favourites at the moment, if we see rejection from the trend line as well as the 78.6 level will be taking a long up to the -68.7 fib level.
250 PIP GAIN 8/1 RR
