GBPCHF GBPCHF has made a strong rising wedge pattern on the higher time frame. and is now currently testing the top of the pattern and formed a inverse hammer candlestick pattern. There is also a RSI Divergence so I believe its time for the pullback.Longby vtrading20010
GBPCHF Analysis on Weekly Time Frame GBPCHF: Anticipating a Bullish Breakout from Falling Wedge The GBPCHF pair is showing signs of forming a falling wedge pattern on the weekly chart, a development that typically signals bullish momentum ahead. This pattern is recognized by converging trendlines that slope downwards more steeply at the resistance line than at the support line, suggesting a slowdown in the downtrend and a potential reversal. Key Observations: Pattern Development: The falling wedge is not yet complete, but the converging trendlines suggest its formation. Bullish Signal: This pattern often precedes a bullish breakout, indicating a potential reversal of the preceding downtrend. Volume: Look for declining volume as the pattern develops, which often leads to a volume spike upon breakout. Trade Strategy: Entry Point: Consider a long position if a breakout above the upper trendline occurs. Stop Loss: Place a stop loss just below the most recent swing low within the wedge. Take Profit: The height of the wedge at its widest point can be used to project the upward target from the breakout point. Risk Management: Confirmation: Await confirmation of the breakout with an increase in volume. Market Sentiment: Keep abreast of market news and sentiment, as these can influence the breakout’s strength and sustainability. Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management. This trade idea is based on the falling wedge pattern, which is generally considered a bullish chart pattern in technical analysis. It’s important to wait for the pattern to fully form and for the breakout to occur before considering any trades. Happy trading!Longby itmecrypomania220
GBPCHF Analysis on 1 Hour ChartGBPCHF: Exploiting the Diverging Triangle for Swift Gains The GBPCHF pair has formed a diverging triangle pattern on the hourly chart, suggesting a potential breakout. This pattern, characterized by two diverging trendlines, indicates increasing market volatility and the possibility of a strong price movement. Key Observations: Pattern Structure: The diverging triangle is identified by a support line that is more horizontal and a resistance line that is steeper. Impending Breakout: The pattern typically results in a breakout, which can occur in either direction. Volume: An increase in volume during the breakout can confirm the pattern’s validity Trade Strategy: Entry Point: Monitor for a breakout above the resistance line or below the support line for entry. Stop Loss: Place a stop loss just outside the triangle’s boundary opposite to the breakout. Take Profit: The distance between the widest part of the triangle can be used to estimate the profit target from the breakout point. Risk Management: Confirmation : Seek additional confirmation through other technical indicators or candlestick patterns. Market News: Stay alert to news events that could trigger increased volatility and affect the breakout direction. Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management. This trade idea is based on the diverging triangle pattern, which is less common than its converging counterpart but can signal significant price moves. It’s crucial to validate the breakout with volume and other indicators for a robust trade setup. Happy trading!by itmecrypomania1
GBPCHF Massive Long! BUY! My dear subscribers, GBPCHF looks like it will make a good move, and here are the details: The market is trading on 1.1212 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.1228 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 221
GBPCHF: Weak Market & Bearish Continuation Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to sell GBPCHF. ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals111
GBP/CHF SHORT FROM RESISTANCE Hello,Friends! The BB upper band is nearby so GBP-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.108. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals112
GBPCHF LONG IDEAGood Day everyone, here is an idea for a Long opportunity! Price has reach EMA and we will expect the price will continue going up. Long now for a good 1 to 2 RR. so far we are at -2R(March) JAN (6R) FEB (1R)Longby johnkanglim90Updated 223
GBPCHFPair : GBPCHF ( British Pound / Swiss Franc ) Description : Completed " 12345 " Impulsive Waves and " Corrective Wave Fibonacci Level - 78.60% Break of Structure RSI - Divergence Bullish Channel as an Corrective Pattern in Short Time Frameby ForexDetective3
GBPCHF - SellGBPCHF has formed a head and shoulders pattern with a bearish divergence. This shows that the trend may reverse and GBPCHF may go bearish now. I was to place the sell stop order but it has already triggered so we will place instant sell. Shortby Alee_Kolachi1
Short sell opportunity on GBP/CHFGBP/CHF is in supply area. It already down daily pivot point. Also showing RSI divergence. Apart from it, if it break 25 SMA then we can look for short sell opportunity for at least 1:2 risk reward ratio.Shortby gurdeep951
GBPCHF : Short Trade , 1DHello traders, we want to check the GBPCHF chart. The price is moving in an ascending channel and has reached the specified resistance level. We expect this level to stop the upward trend of the price and the price will have a correction to around 1.11500. Good luck.Shortby mrAT_TraderUpdated 2
Will GBP/CHF continue its upward trend or reverse? 15min studyAnalyzing the 15-minute chart, we explore whether GBP/CHF will maintain its upward trajectory or undergo a reversal.by ClearTradingMind0
Sell GBP/CHF Channel BreakoutThe GBP/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.1222, positioned close to the breakout level. This offers an entry point near 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: 1.1151 and 1.1108. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.1252. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank youShortby KABHI_FOREX_TRADINGUpdated 6620
GBPCHFWhat are the odds thart this pair will buy to the zones. WE are at my zone of 0.236 level. Longby itsGitauUpdated 1
SHORT GBP/CHF from 1.2518I noticed a double top and a potential M-Top formation at resisTNCE ON gbp/chf this morning. The neckline of the M-Top has just broken and we have other BEARISH signals. The under used and under appreciated Andean Oscillator has seen the red SELL line move awau from zero indicating the possible entry of BEARS into this market. We now need to see now is the green BUY line of the Andean Oscillator read less than the signal line (currently the green sell is higher than the signal line) so this trade is a touch premature as we do not have that confirmation but the RSI on H1 was reading 78 an hour ago and is now reading 69 so its dropping from overbought levels. The MACD has yet to catch up with the price so we do not have a SELL confirmation on MACD which would preferrable. The double top is the key selling point (as it were) for this trade so I'm in a bit early with this trade but it will result in more pips if it works out. STOP is above the high at 1.1269 but I'll be closing this trade early if there are signs that GBP/CHF BULLS are not finished with this market. Shortby forextraplaces0
GBPCHF BULLISHGBPCHF continuous its bullish trend in H4 print higher high and higher low follow dow theory no sighn forreversalLongby shahid767Updated 0
GBPCHF BEARS TO TAKE OVERHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. GBPCHF BEARS TO KICK IN AGAIN! 📚 👉As we can see price is still around a massive resistance zone, adding on price is still overall bearish trading inside this falling broadening wedge pattern. where we are still looking for new shorts around these zones! 👉Meanwhile, from a short-term perspective, price is trading inside this rising channel, and for the bears to kick in we need a momentum candle close below our last major swing low, then a movement lower would be expected. And as usual 1-2 risk to reward ratio from a risk management perspective. 📚 If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!Shortby Hadi_karaali8
GBPCHF SHORT postionAfter reaching a supply zone for the GBP may be it is time for correction. There is bearish divergence on the RSI 1H timeframe which I am thinking is going to happen. The TP zone could be the eclipse which is on the resistance zone. The other important thing is that the 200MA could be support zone which is not sure that the price will break. Do your own reasearch and please share you thoughts. Shortby kidagaka1231
GBPCHFGBPCHF is in bullish trend. Bearish divergence shown in Rsi. Rising wedge reversal pattern also form. We wait and watch for the breakout of wedge pattern..Shortby Naqash910
GBPCHF Techinical AnalysisCurrent trend on chart is Bullish . There is a series of HH's & HL's There is a bearish divergence on RSI and chart. If price falls from this point and print new LL and then LH. Then we can Proceed for a short trade as bearish trend will start to grow. Looking forward to chart to print new LL.Shortby asadmohammad0196
GBPCHF Will Go Higher! Buy! Take a look at our analysis for GBPCHF. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.118. The above observations make me that the market will inevitably achieve 1.125 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. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 113
GBCHF 📉 SHORT Idea ✔As we see oscillator's divergence action here, as well as the price reacted the strong supply zone, the possibility of the price declining is high. Take Profit zones are the minor support zones. Good Luck to All!😎❤🙌🏽Shortby TetanForexUpdated 339