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Poundswissie

GBPCHF Long Trade SetupA bullish opportunity recently presented itself on the pound-swissy trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 1.11000 psychological level. A stop loss below the 1.10500 psychological level and a profit target anywhere between your entry and the swing high of 1.17791 could give you a reward-to-risk ratio as high as 4 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades. FX:GBPCHF Stay frosty! Your FX Plug
Long
by charles-okoukoni
GBP/CHF– Week 26 – Incoming down move? This pair is moving in a trading range for the last couple of months. In our last analysis, a few weeks ago, we gave a good probability for a move to the upside that will reach the resistance area once again and it happened. Now, after the resistance was reached on the 24th of June, we had a sharp drop followed by a correction. We give a higher probability for the price to break to the downside. However, before that happens a reasonable scenario is one where the resistance is touched/broken one more time, so be careful and don’t jump into candles if you’re trading this pair. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
9
GBP/CHF – Week 23 – “Eternal” sidewaysOur latest update for this pair was in the middle of May, 4 weeks ago. Since then, the pair moved in the same trading range that was moving back then. Now on the 4h time-frame it is reaching the support area again and we must decide what will happen next. Will it break this range and continue to the downside or go to the resistance area once again? The higher probability move is a continuation to the downside but…. To be continued… Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
by financialflagship
13
GBP/CHF– Week 19 – Consolidating below the resistanceGBPCHF stayed for nearly one month in the range created by the resistance area at 1,28100 and the support at 1,25800. In the last days we had a bounce from the support area that reached the resistance and it looks like it is consolidating below it. Judging by the price action at this moment we give a higher probability for the price to break out of the trading range to the upside. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Long
by financialflagship
6
GBP/CHF – Week 18 – Support area decisionFor this pair we expect a down move with a higher probability than an up move. We think it will at least reach the support area marked on the chart at 1.258. When the price will reach that area, we must study the market structure to decide the next market move. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
23
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.
Short
by GeorgeZii
GBP/CHF Major Ichimoku Short Opportunity We've been playing around this price awhile now and seem to be pushing back down to test this level one more. If we can break and hold below this price structure level we should get a much further push down. This may happen pretty quick after market open so we'll need to watch it closely. I've drawn out multiple targets on the way to my overall target at a previous kumo twist. If we fail to break lower or if our bearish confirmations change, this setup may become invalidated. 
Short
by The808Trader
GBPCHF MEDIUM-TERM SHORT SELL. COUNTER-TRENDThis medium-term trade is good because it happened right at the beginning of the day. This means that there was a real stack of supply at that price that wasn't filled in. Prices moving back in that would give an opportunity to sell the Pound against the Swissie again. The problem with this zone is that it is merely a continuation of the down move beforehand. So any move from here could be short-lived. This isn't a zone for long-term positions. However, there is no fresh demand zone below on this timeframe. EP: ~1.45619 SL: ~1.46019 TP: >1.44762 (at least 40 pips, 2:1)
Short
by selfrighteousgambler