POUND SWISS 1HRTF BREAKDOWN ANALYSASPossible H&S forming on the 1TF ??? Over from previous post from Weekly TF. Longterm Bias LONG would like to hear your thought on this?
Poundswiss
BULLS POSSIBLE PUSH UP??Could we get a Push based off HTF to LTF Breakdown?? Possible H & S forming to the UPSIDE 114 area???? YOUR Thoughts???????
GOING TO RETEST THE HIGHSPOUND SWISS IS IN A MOOD TO RETEST THE HEIGHS, BUT BEAR IN MIND THAT IT HAS TO GO DOWN.
GBPCHF Bullish! GBPCHF is bullish on the daily, and based on MACD pattern, an initial cross above or below zero line usually follow by a pullback. Hence this trade on a pullback to fill the Shaven Head Candle on the hourly chart. If you don't know by now, a Shaven Candlestick is basically similar to a GAP.
gbp chf short ideaThe market is currently ranging at a key level in the market. We appeared to have a break out on the 4h time frame but the following 4h candle was large bearish engulfing candle.
Will be looking for a break of resistance on lower time frames before considering shorts.
Targets will be towards the bottom of the range around 1.28
Brexit dark clouds are still here no matter what - GBPCHF SetupUK and EU might seem to find a common path after latest talks but Brexit is a fact now, and the Pound won't come out unscathed after 31st December. Even a deal takes place, the economy of UK will be harmed. GBPCHF is an example of how investors will probably be willing to move their funds to CHF after Brexit to seek for a safety shelter.
It's not a secret that Switzerland was always a shelter for the bad days. History won't be any different now. Prepare up.
On a more technical aspect, GBPCHF lastly topped just below 1.22 providing a resistance that bears could rely on to capitalize. This was followed by a bearish wave sequence 1-5. Currently, we find price completing the 4th wave. That means that latecomers jump in the market, and initial positions are increasing, providing more bearish pressure for the Pound vs Swiss Franc.
1.20 is considered to play a catalyst role, on if this setup will be accurate and reliable or not, for two major reasons.
1) It can play the role of a psychological support as a big figure or
2) It could be a "locked level" that cannot be surpassed as wave theory's principal talks about the fact that Wave 4 "DOES NOT" overlap Wave 1 territory.
With these - fundamental and technical reasons - being mentioned, I expect further bearish progression, aiming a major channel support that can be see in the chart below.
GBPCHF BUYGBPCHF IS BULLISH. BULLISH CANDLE AFTER A PINBAR. NEXT SELL WILL ALSO START FROM PINBAR CANDLE.
GBPCHF Bearish Head & Shoulders Breakout In The Sell ZoneGBPCHF on the 4 hour chart broke down from a key support area after the market retested the backside of the trend line in the sell zone, the market created a bearish crown above that support area, now the market broke below, breaking out of the crown formation, the market is a little bit low already so i'm going to wait for the market to pull back to the downtrend line which will then also align to the past support, and there im looking to short.
I hope this was helpful to you, if yes please hit the like.
Thank You
GBPCHF Head & Shoulder Break At The Trend Line SupportGBPCHF Broke The Neck Line Of The Head & Shoulders Pattern on The 4 Hr Time Frame,
The Market Is At Support
And The Market Is At The Up Trend Line,
GBP/CHF highly overbought GC GBP/CHF is very overbought as you can see in my MACZ-Vwap, DeMarker, CCI, momo Stoch, momo squeeze and RSI-EMA etc. it's for the pair going back to it's original bands and stop stretching itself.
FX:GBPCHF
GBP/CHF - Ichimoku Short Trade IdeaThis pair has lost some momentum and started to consolidate here. I am looking for a break to the downside for a chance to short this pair. If price falls down below Tenken sen I will look for my entry. All confirmations remain bearish despite the loss of momentum so it will continue to be my bias until proven otherwise. If our bearish signs change to bullish, or we fail to break below Tenken sen, this setup may become invalidated.
SHORT POUND SWISSY GBP/CHF 1 HOURStrong downtrend indicated from past analysis. major bullish price action have taken indicated by the EMA. Remember these are the 'past' prices, anyway first target is 1.2854 level if the down trend continues for a longer term i think it can touch the 1.278 level for sure. stoch and RSI confirming short overbought like crazy.
