Cross pair GBPCHF looks good to be longGBPCHF cross pair on Weekly timeframe shows bullishness.
●Context : IRL to ERL.
●Once weekly FVG is tapped wait for 4h FVG to be created.
●Look for longs.
CHFGBP trade ideas
GBPCHF GOing DOwnGBPCHF is a pair that respects analysis and simple market structure. This pair is in an overall sideways market. But in a 4hour and daily is a buying trend so hopefully we could profit from this expected market pattern that it is currently forming.
As we can see that GBPCHF has made or is currently forming a Head & Shoulder and from previous price action this pair might respect the setup and fall.
The price at 1.14590 is a strong support that might be respected but aiming for a bearish movement. The most crucial part is to wait for the market to come to us. If the market crosses the current support in 1.14590 and retest it the we are certainly going for sells.
Possible trend reversal on GBPCHF, 1hrGBPCHF is a pair that respects analysis and simple market structure. This pair is in an overall sideways market. But in a 4hour and daily is a buying trend so hopefully we could profit from this expected market pattern that it is currently forming.
As we can see that GBPCHF has made or is currently forming a Head & Shoulder and from previous price action this pair might respect the setup and fall.
The price at 1.14590 is a strong support that might be respected but aiming for a bearish movement. The most crucial part is to wait for the market to come to us. If the market crosses the current support in 1.14590 and retest it the we are certainly going for sells.
GBPCHF Is Going Up! Long!
Here is our detailed technical review for GBPCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.147.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.154 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
GBP/CHF - 4hrs ( Sell Trade Target Range 150 PIP ) Pair Name : GBP/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short1 )
Type : Mid Term Swing
———————————
Bearish Reversal
1.16200 Area
Reasons
- Major Turn level / D
- Inner Channel Break
- Bearish Choch Zone / weekly
- Fibo Golden Zone
- Day / week low
Bullish Reversal 1.14200
Trade idea for GBP/CHFWhen looking at the chart we can see that the price is moving into some sort of support that we got in the past.
What I am looking for now is to trade here. The only downside is on the stop loss side. Because we already saw in the past that the price moved below the stop loss level and moved back up then.
The thing is that if we move our SL to that level that we have a very small W/L ratio.
Trade idea for GBP/CHFSo when we look at the candles we can see that the past 2 candles really tried to push the price down and we have some sort of resistance at that price point.
What I want to do now is trade here with a small risk. This is because I normally don't trade of only candle formation.
This does could be a very nice and fast trade to take so why not.
Still waiting for the opening on monday to see what the price and volume is going to be.
gbpchfHello traders!!
GBPCHF is now creating a strong structure to uptrend market. as it retrace at the strong area of support area,. approaching above fresh supply at 1hour timeframe. sl below demand area as drawn.
GBPCHFBUYING gbp is stronger overall and chf is weak
retail sales new might give the pair a boost to the upside
GBPCHF - Waiting to Short at 1.1545Just waiting for price action to climb back up to 1.1545 to consider a sell position once bullish momentum fades.
This is only a 1:1 risk to reward setup but has high chance of success.
Trade Safe
GBPCHF LOOKS FOR BULLISH I'm looking for pound to be strong against Swiss in coming days your opinion regarding GBPCHF will be appropriated👍
GBPCHF: Bullish Continuation & Long Trade
GBPCHF
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GBPCHF
Entry - 1.1485
Stop - 1.1438
Take - 1.1548
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
GBP/CHF SHORT FROM RESISTANCE
Hello, Friends!
GBP/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.138 area.
✅LIKE AND COMMENT MY IDEAS✅
GBPCHF SWING BUY GBPCHF currently buying from support zone price 1.14700. Expect GBPCHF to buy to resistance zone price 1.16600
GBPCHF Short Trade at major resistance rejectionGBPCHF Short Trade at major resistance rejection at break of uptrend structure
1. Broken structure
2. Strong resistance
3. 2% risk
4. R:R 2,2:1
5. Scale out at TP 0,9: 1 and the B/E on 2nd half
6. Close on opposite signal
7. 7 bar time stop
8. Strong bearish signal as a trend change
GBPCHF 4H SHORTWell, kid, if I want to give a small explanation about the classic patterns, the strongest one is the QM pattern, which is from the head and shoulders family. Now, in this analysis of pounds to francs, we have a noisy pattern.
The important thing is that 99% of the time I don't enter the trade with the head and shoulders pattern. I don't, there is a problem, but it's not in my plan. This analysis is not a trading proposal either.
GBPCAD SELL OPPORTUNITY Ahead of UK inflation rate coming up on 17/07/2024 price is set to drop from the CMP.
We’re looking forward to seeing a bearish price action develop away from that level
a sell opportunity is envisaged
GBPCAD SELL OPPORTUNITY Ahead of UK inflation rate coming up on 17/07/2024 price is set to drop from the CMP.
We’re looking forward to seeing a bearish price action develop away from that level
a sell opportunity is envisaged
BULLISH GBPCHFPreviously I've watched this pair and it reacted beautifully to my analysis. According to current market conditions I see the GBP strength progressing higher. After a successful break and retest of the price range I have marked up, I see more bullish price action on the way about a 1:2 risk reward here!
Good Luck Traders and always remember to use good risk management follow and join me in this trading journey !!
GBPCHF - Bullish Peannent PatternGBPCHF is near Bullish Peannent Pattern breakout, will it move towards its target?
Entry, Stop Loss & Take Profit are mentioned.
