short!We broke downside and made a new low.
Now we are going for a retest before we are going lower.
CHFGBP trade ideas
GBP/CHF ideaGBP CoT is of a Sell bias for the commercial traders whilst the CHF CoT is of a BUY bias. Although this alone does not justify taking the trade, the Chart has broken its S/R levels.
GBP/CHF approaching resistance zone: Potential sellHello traders, GBP/CHF is approaching a multi-week resistance zone from where
price could potentially fall 200+ pips.
This zone has has worked as a strong resistance in the past, and if there is bearish
price action in this zone, traders can consider selling GBPCHF@1.1480-1.1525
with Stop Loss above the 1.1550 level and TP at 1.13
GBPCHF: Long Trade with Entry/SL/TP
GBPCHF
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GBPCHF
Entry - 1.1336
Stop - 1.1309
Take - 1.1389
Our Risk - 1%
Start protection of your profits from lower levels
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GBPCHF Targets Downside Amid Geopolitical Uncertainties.Attention Traders,
In today's trading session, our focus is on GBPCHF, where we're eyeing a potential selling opportunity around the 1.13700 zone. GBPCHF remains entrenched in a downtrend and is currently undergoing a correction phase, approaching the critical support and resistance area at 1.13700.
Adding depth to our analysis, it's crucial to consider the fundamental backdrop. The escalation of tensions in the Middle East has heightened market uncertainty, prompting investors to seek refuge in safe-haven asset
The Swiss Franc (CHF), known for its stability and reliability, is particularly favored in such environments. Therefore, we are inclined towards buying CHF amidst the escalating tensions in the Middle East, leveraging its status as a safe haven during periods of geopolitical instability.
With GBPCHF poised for a potential downturn and the CHF's safe-haven appeal amidst Middle East escalations, the combination of these factors presents an attractive proposition for a selling opportunity in the pair around the 1.13700 zone.
Trade wisely,
Joe
GBPCHF HAS A 70% POSSIBILITY OF GOING SHORTThe reason I'm going short is because all Timeframes are bearish.
There was a strong rejection on the daily AOI
There was a strong bearish candlestick on the 4hour and it still hasn't being engulfed yet.
GBPCHF ShortGBPCHF Short after breakout and retest of major trend structure, some lower highs and lower lows.
1. Counter trend trade (Reversal of major trend)
2. Price broke 200 MA on lower TF
3. Strong sell-off on Daily TF
4. Structure LH-LL-LH-LL
5. Before PSAR Signal for Short Entry
6. Entry on Pullback on M15
7. 2% Risk, 3:1 R:R
8. In case of no breakout confirmation during london session or no volatility - exit around 4 PM.
9. Exit on reverse momentum candle/strucuture break to the upside
GBP/CHF 1D ideaMarket structure practice and decisional zones. The 4h represent breaks in structure on a specific time frame. The unmarked regions are reaction areas if price descends.
GBPCHF What Next? BUY!
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.1368 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1425
Safe Stop Loss - 1.1326
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
———————————
WISH YOU ALL LUCK
✅GBP_CHF WILL GO DOWN|SHORT🔥
✅GBP_CHF broke the rising
Support then made a retest
And is going down again
So we are bearish biased
And we will be expecting
A further move down
SHORT🔥
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GBPCHF Long Trade Idea🔔 BUY Signal Alert! 🔔
🔗 Ticker: GBPCHF
🌐 Market: Forex
🔄 Side: Long
🎯 Entry: 1,14065
🛑 Stop Loss: 1.13472
🥇 First Profit Target: 1.14968
🏆 Final Profit Target: 1.15732
The CHAMLEO EDGE model uses a proprietary algorithmic program at the pre-market auction to identify potential stocks for each day. The algorithm then calculates where there is strong buying or selling pressure on the stock and sends buy or sell signals.
The signal provides a suggested stop loss price based on calculations that the movement may no longer be valid. It also provides a first suggested level for realizing potential profits, indicating that there is a resistance level just beyond this price that may cause the stock to stop and possibly reverse. If this level is surpassed, there is potential to achieve possible profits at a price better than the first profit level, allowing the possibility of extending potential gains.
GBP CHF SELLTECHNICAL ANALYSIS AND WAVE
H4 broke sell structure and at at retest.
anticipating price to move down
weekly is also at a resistance level and expected to react confirming the sell
GBPCHFHello traders welcome back and sounds good!
Wait this following candle
if it respect and the retest is valid so
a massive downtrend will happen the coming hours
stay and follow with me
GBPCHF BULLISH CHANNEL BREAKOUTHere I witnessed a clear breakout and pullback on the major structure of the bullish channel on this pair. If the pullback formation here creates enough volume for another downward shift, then we may see a further decline toward the 38%-50% fib region.
GBPCHF possible buy positionsHi gainers
I have identified potential buying opportunities in the forthcoming days. I will provide further details on stop-loss (SL) and take-profit (TP) points in the comments section later.
GBPCHF short/shell 1:5.6 RRHello everyone
Hopefully this week has been a good one for you
GBPCHF short:
* B wave ready to form
* Complete three wave structure within the corrective structure has been formed (a,b,c)
* MACD divergence
* Equal lows (candles) at the bottom for liquidity (1.13355 area)
Entry: 1.14809
Stoploss: 1.15000
Take Profit: 1.13355
GBPCHF Short Opportunity According to Pullback from R level (1.14800)
According to Fibo Retracement
According to Divergence on CCI
According to Weakness (Possible three top reversal pattern) beacuse Pric Below Level of 100 on CCI
GBPCHF Will Go Up! Buy!
Please, check our technical outlook for GBPCHF.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.140.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.144 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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Update on GBPCHF SHORTS Hello Fellow Traders,
As we wrap up the week, I want to reflect on the past two weeks, during which I've experienced consecutive losses. Such ups and downs are a natural part of trading, and they serve as valuable learning experiences. I remain committed to sharing my insights and outlook with you all.
Currently, I have ongoing positions on GBPCHF, based on a longer-term perspective that I've previously discussed. I believe there's an opportunity for a short-term play today, which could complement our existing short positions.
On the H1 timeframe, I've identified a pattern that I'm familiar with and have been monitoring closely. This pattern, coupled with the identification of a liquidity pocket, presents a potential entry point for me.
This particular play offers a favorable risk-to-reward ratio, which, if it plays out as anticipated, could help recover the losses of the past two weeks and bring us back to break-even.
For me, trading revolves around managing risk and maximizing reward.
I wish you all a safe and enjoyable Friday.
Tradebudz
✅GBP_CHF LOCAL LONG🚀
✅GBP_CHF is trading in an uptrend
Along the rising support line
Which makes me bullish biased
And the pair is already making
A bullish rebound from the support
So a further move up is expected
LONG🚀
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GBPCHF: Bearish Move From Resistance 🇬🇧🇨🇭
GBPCHF may drop from a key horizontal resistance.
The price formed a head and shoulders after its test
and successfully violated its neckline.
The pair may drop at least to 1.139 support.
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GBPCHF - Sell StopGBPCHF - Short - Sell Stop
- The bullish trend is struggling to continue @ R1
- Looking to Sell if the price reaches S3
GBP/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello,Friends!
Previous week’s green candle means that for us the GBP/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.141.
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