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SWISS FRANC / BRITISH POUND

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CHFGBP trade ideas

wyckoffOn the 1-hour timeframe, the GBP/CHF pair seems to be forming a Wyckoff pattern, with phases of accumulation and distribution. Smart money could be gathering liquidity during the accumulation phase, followed by a markup phase as prices rise. This could be an opportunity for traders to capitalize on potential bullish momentum, but confirmation through volume analysis and price action is essential. Keep an eye on the distribution phase, as smart money might aim to grab liquidities from retail traders before a potential reversal.
Long
by junjuntadle2
Expanded flat bullish scenarioEsteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own rules. As a supporter of the Elliott Wave Principle, I consider this methodology an invaluable tool for market analysis. After three years of personal experience, I have developed my approach by combining this principle with meticulous consideration of different market scenarios. I strive to avoid market surprises by maintaining a range of market prospects, which enables me to recognize the market structure forming with 100% accuracy. I am pleased to share my analysis with you, with the caveat that I do not provide buy or sell signals. My perspective on idea analysis is entirely impartial, and if my analysis meets your standards, it may serve as a guide to making an informed decision. For your reference and comparison, I have attached my previous analysis of the same market. All the details of my analysis are clearly labeled for ease of comprehension. Nonetheless, familiarity with the Elliott Wave Principle theory would facilitate an understanding of the analytical idea. My study of the Elliott Wave Principle took nearly three years, during which my understanding and experience with this invaluable tool have grown. My progress thus far is a testament to the legacy of Ralph Nelson Eliot, whose genius has provided the foundation for my achievements. May he rest in peace. I express my gratitude for your continued support and kindness, and welcome your comments and critiques. May my analysis be a valuable asset to your business journey, and I remain sincerely yours, Mr. Nobody
Long
by mehdi47abbasi79
gbpchf buy trade Based on the latest available data, here's a bullish technical analysis for the GBP/CHF currency pair on the H4 (4-hour) chart: 1. *Trend Analysis*: - The GBP/CHF has been exhibiting a *bullish trend pattern*, characterized by a series of higher highs and higher lows¹. This indicates a sustained upward momentum. 2. *Support Zones*: - There are strong support zones that have been established. These zones previously acted as resistance and, after being broken, are now providing support². As long as these zones hold, the bullish outlook remains intact. 3. *Technical Indicators*: - The *MACD indicator* shows a continuing bullish divergence, suggesting that the upward trend is likely to continue after the current pullback². - The *ADX indicator* signals bullish pressure with a value over 25, and the +DI line crossing over the -DI line¹. 4. *Candlestick Patterns*: - The Heikin Ashi candles on the daily chart show strong bullish bodies, further supporting the bullish environment¹. 5. *Forecast Summary*: - The analysis suggests that the GBP/CHF pair is likely to continue its upward trajectory, provided the key support zones hold. Traders might look for additional confirmations before entering trades, such as bullish candlestick formations or further divergence on the MACD indicator. Remember, it's important to use proper risk management and stop-loss orders to protect your trades. This analysis is based on historical data and technical indicators, and markets can always move unpredictably due to various factors. Happy trading!
Long
by Mansa_Musa_Capital
GBP/CHF set for possible downtrend.The current price of GBP/CHF is testing the upper limit of a zone where it has been repeatedly rejected in the past, suggesting a potential upcoming bearish movement. This prediction is reinforced by a significant rise in Switzerland's April Consumer Price Index (CPI), which exceeded expectations by reaching +1.4% compared to the anticipated +1.1%. The initial support or target area is expected to be around 1.1230, with the possibility of GBP/CHF further declining to approximately 1.1100 if the bearish trend persists. For more information, refer to the accompanying chart.
Short
by Joe_bghlm
GBP/CHF: Poised for Potential DowntrendGBP/CHF: Poised for Potential Downtrend Price is testing the top of a structure zone where it has been rejected several times in the past. We are likely to see a bearish wave again. This has also been supported by a large increase in the inflation rate. Switzerland reported April CPI +1.4% vs +1.1% expected on the year The first support/Target zone will be found near 1.1230 and if the bearish trend continues I would be surprised to see GBPCHF testing also 1.1100 You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Short
by KlejdiCuni
3
Sell GBPCHF Channel BreakoutThe GBP/CHF pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level of the channel, ideally around 1.1500 after confirmation of the breakout. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.1430: This represents the first level of support within the channel. 1.1395: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.1515. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_FOREX_TRADING
31