GBP/CHF LONGER TERM HOLDGBP/CHF 3M - This is something I placed the latter end of last week and its something I will be holding for a long period of time, it will be interesting to see how this market plays out over the course of the next few months.
For those of you who do not take part in longer term holds you could look to take part in this market more fractally, I would simply go down to the lower timeframes and find areas of Demand to buy into this market from.
This trade here has a large SL to account for any fractal corrections but its tight enough to be deemed safe, risking 1-2% of my equity on this trade its a very small position but the potential of this could be above 30RR.
This is a market and trade that I will be monitoring moving forward and will look to provide daily and weekly updates on its performance, if you have any questions drop me a message or comment below!
CHFGBP trade ideas
GBPCHF: Confirmed Change of Character 🇬🇧🇨🇭
One more setup that we discussed on the yesterday's live stream
is GBPCHF pair.
The market violated a key horizontal resistance - the last lower high
in a minor bearish trend - and closed above that on a daily.
Such a violation is a confirmed Change of Character,
it indicates that the pair returns to a global bullish trend.
We can anticipate more growth now.
Next resistance - 1.1596
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GBPCHF Downtrend Line Rejection At 1.150507 04.07.2024GBPCHF downtrend line rejection noted at 1.150507 on the 1hr chart
If rejection holds:
Target 1: 1.144368
Break below 1.144368, Target 2: 1.139548
If rejection fails:
Target 1: 1.158310
Break above 1.158310, Target 2: 1.168236
Apply risk management
Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure.
BDSwiss is a trading name of BDS Markets and BDS Ltd.
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Disclaimer
GBPCHF: Forecast & Trading Plan
The charts are full of distraction, disturbance and are a graveyard of fear and greed which shall not cloud our judgement on the current state of affairs in the GBPCHF pair price action which suggests a high likelihood of a coming move down.
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GBPCHF Trading Signal: SELLTraders, please be advised of a new trading signal for the GBPCHF currency pair as follows:
Direction: Sell
Enter Price: 1.13258
Take Profit: 1.13063667
Stop Loss: 1.13605667
We recommend entering a SELL position at 1.13258. Our analysis indicates that the market is likely to move in a downward trend, targeting a take profit level at 1.13063667. Should the market move against our prediction, a stop loss is set at 1.13605667 to mitigate potential losses.
This forecast is based on several critical factors derived from the EASY Quantum Ai strategy:
1. Technical Indicators: Multiple technical indicators such as Moving Averages, RSI, and MACD are suggesting bearish momentum.
2. Market Sentiment: Recent news and economic data are pointing towards a stronger Swiss Franc against the British Pound.
3. Trend Analysis: Historical price patterns and recent price action have shown a consistent downward trend.
Please proceed with caution and ensure to set your risk management parameters accordingly.
Happy Trading!
Note: This signal was generated using the EASY Quantum Ai strategy, known for its precision in market analysis.
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End of Signal
GBP/CHF +100 Pips 0 Drawdown , New 2 Entries Valid !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBPCHF - Strong Supply!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPCHF has been overall bullish, trading within the rising channel in red.
Currently, GBPCHF is hovering around the upper bound of the channel.
Moreover, it is retesting a supply zone marked in red.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the supply zone and upper red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As #GBPCHF approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Trade Signal for GBPCHF: Buy OpportunityDear Traders,
We have a new trading signal for the GBPCHF currency pair based on our analysis with the EASY Quantum Ai strategy. Here are the details:
Direction: Buy
Enter Price: 1.14174
Take Profit: 1.14593
Stop Loss: 1.13571
Our forecast is grounded on several key factors:
1. Technical Analysis: The GBPCHF pair is showing strong support at the 1.14000 level, with recent price action indicating a bullish reversal pattern. Multiple indicators, including Moving Averages and RSI, have confirmed an upward momentum.
2. Fundamental Analysis: The British Pound has gained strength due to positive economic indicators from the UK, such as higher-than-expected GDP growth and stabilizing inflation rates. On the other hand, the Swiss Franc is facing pressure from less aggressive monetary policies by the Swiss National Bank.
3. Market Sentiment: Current market sentiment is leaning towards risk-on, leading to strengthened GBP against CHF. This shift is supported by global financial trends and investor confidence in a post-pandemic economic recovery.
Please monitor the trade and adjust your strategy as needed.
Happy Trading!
GBPCHF - BUY - Election StrengthGBPCHF Looking Strong
Traders Targets are on the Chart
One would Trail behind especially on big pushes.
Some heavily researched reason why GBP is Strong.
Upcoming UK General Election: The anticipation of the upcoming UK general election has influenced investor sentiment. If markets perceive that the election outcome will lead to a more stable or pro-business government, this can strengthen the GBP.
Election Polls and Predictions: Recent polls suggesting a lead for a party seen as favorable for economic growth can boost confidence in the GBP. Conversely, uncertainty or potential political instability might weaken it, but currently, positive sentiment has bolstered the GBP.
Policy Announcements: Pre-election policy announcements promising fiscal stimulus, tax cuts, or business-friendly regulations can lead to a stronger GBP as investors anticipate economic growth.
Market Sentiment: Positive market sentiment around the potential outcomes of the election can increase demand for GBP, especially if the anticipated government is expected to handle economic challenges effectively.
GBPCHF Set To Fall! SELL!
My dear friends,
My technical analysis for GBPCHF is below:
The market is trading on 1.1429 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1338
Recommended Stop Loss - 1.1490
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBP/CHF Bullish Continuation Supported by Supertrend and RSIGBP/CHF is showing signs of a bullish continuation, confirmed by the Supertrend indicator. If the RSI also reaches oversold levels, it will provide additional bullish support. Let's monitor how these indicators align in the upcoming sessions.
Could GBP/AUD reverse from here?Price is rising towards the pivot and could potentially fall to the 1st support which has been identified as an overlap support.
Pivot: 1.13996
1st Support: 1.13163
1st Resistance: 1.14587
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
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GBP/CHF BEARS ARE STRONG HERE|SHORT
Hello,Friends!
Bearish trend on GBP/CHF, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.130.
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GBPCHF-Bullish TrendThe pair has made some decent ground to prove its bullishness. After breaking from it dowtrend the pair made bullish divergence and made a clear uptrend. Those who missed it noe have the opportunity to ride. Good bullish candle at vital fib support level of 0.5 indicate the bulls are ready to charge again.