Gbpchf for short.Price broke out of a support zone and retest the trendline and the resistance zone with a bearish candlestick pattern.
GBPCHF.P trade ideas
Weekly Pivot (14-19)The weekly pivot includes key support and resistance levels calculated based on last week's price data. Crossing above the mid-pivots can increase the likelihood of the current trend strengthening.
Price movement above the pivots: Indicates a strengthening bullish trend and the potential for continuation.
Price movement below the pivots: May indicate selling pressure and a weakening bullish trend.
#GBPCHF potential reverse head and shoulder patternIn this chart, as you can see, we might be dealing with an inverse head and shoulders pattern. If confirmed, this pattern could lead to higher prices.
However, before taking any positions, it would be prudent to wait for a shift in the lower timeframe market structure toward a bullish trend to ensure stronger confirmation of the move.
GBP-CHF Local Long! Buy!
Hello,Traders!
GBP-CHF is already making
A bullish rebound from
The horizontal support
Of 1.1120 and we will
Be expecting a local
Bullish rebound
Buy!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
GBPCHF View!!Goldman Sachs has exited its long GBP/CHF position with a small profit last week, noting that Sterling has underperformed its usual risk beta. Despite recent tactical setbacks influenced by Bank of England (BoE) Governor Bailey’s comments and geopolitical developments, Goldman Sachs maintains a constructive outlook on the British pound, supported by structural drivers and a positive global risk environment.
Bearish Sentiment on GBPCHFI have a strong conviction about the continuation of the current sells on GBPCHF. The sell setup here are backed by the following confluences of-
1) Market Structure(BoS)
2) Supply
3) Imbalance
4) Liquidity
I will patiently wait for a possible retracement back to the Supply zone, then head further to the lower timeframes for a lower timeframe confirmation Choch which is a- higher high, higher low, higher high and then an impulsive/aggressive lower low. If this emerges successfully, I’ll also identify on the lower timeframe ChoCh structure for my confluences of- Supply, Imbalance and Liquidity. If all is present I’ll place my entry on the lower timeframe supply. My profit target will be a 1:3RR.
Note that the market is all probabilities which also makes my analysis a probability.
GBP_CHF NEXT MOVE|LONG|
✅GBP_CHF will be retesting a support level soon at 1.1140
From where I am expecting a bullish reaction
With the price going up but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
LONG🚀
✅Like and subscribe to never miss a new idea!✅
GBPCHF - long Hi Team,
GBPCHF is taking support from the support and I am thinking that buy position will suit in this target
GBPCHF LONGS Weekly: Bullish
Daily: Bullish
4h: Within range (Bottom to at least go towards 1.12500.
1hr: Tripple bottom
I will be waiting for a last confirmation which will be a candlestick pattern either morning star or engulfing candle in 1hr and 4hr timeframes
#gbpchf buy long trade setup 11oct24 wave yThis count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
GBPCHF Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The instrument tests an important psychological level 1.1214
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1232
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
———————————
WISH YOU ALL LUCK
GBPCHF - diagonal pattern before reversalGBPCHF
- short term, it´s a long/buy !!! Price is moving inside a rising wedge type of pattern.
- long term, we should be looking for a reversal and stronger CHF against the pound. I´ll post another chart for the higher time frame analysis
BUY GBPCHF - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
We are proud to be an OFFICIAL Trading View partner so please support the channel by using the link below and unleash the power of trading view today!
www.tradingview.com
GBP_CHF BULLISH BREAKOUT|LONG|
✅GBP_CHF is going up now
And the pair broke the local
Falling resistance line so
We are locally bullish biased
And we will be expecting a
Further move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
A short term trade on gbpchf ( not a high probability setup)We will be looking to go long since we faile to break previous low on gbpchf
GBPCHF - Trend continuation GBPCHF has been in a downtrend respecting the channel.
We have a rejection of the 78% FIB level, the trend line and bearish FVG for continued sells down to the next demand.
SHORT GBPCHF RR 1:4A short position on GBPCHF with a risk/reward ratio (RR) of 1:4. This trade anticipates the Swiss franc (CHF) appreciating against the British pound (GBP), suggesting that the GBP/CHF exchange rate will decline. The trader is taking a calculated risk, with the potential for a profit four times the amount of the risk taken. This approach reflects a risk-managed strategy, aiming for significant gains relative to the possible loss.
Weekly Pivot (07-12)The weekly pivot includes key support and resistance levels calculated based on last week's price data. Crossing above the mid-pivots can increase the likelihood of the current trend strengthening.
Price movement above the pivots: Indicates a strengthening bullish trend and the potential for continuation.
Price movement below the pivots: May indicate selling pressure and a weakening bullish trend.
GbpChf Trade IdeaI sent out a short set up for GC stating I wanted to see price pullback and retest a level to confirm shorts. Price is finally at the level but gave bullish structures in order to pullback. I personally want to see price flip before getting into any shorts. If all goes well I'll be looking for a 1:3rr on this set up!
GBPCHF LONGGBPCHF LONG expecting a push to break the trend line . price shifting to bullish perspective
Weekly Pivot (07-12)The weekly pivot includes key support and resistance levels calculated based on last week's price data. Crossing above the mid-pivots can increase the likelihood of the current trend strengthening.
Price movement above the pivots: Indicates a strengthening bullish trend and the potential for continuation.
Price movement below the pivots: May indicate selling pressure and a weakening bullish trend.
GBPCHF - Look for a short !! Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look for a short. My point of interest is imbalance filled and rejection from bearish OB.
Like, comment and subscribe to be in touch with my content!
GbpChf Trade IdeaI posted A GC set up on Saturday stating price was overall bearish. I was personally waiting on price to either respect the last LH or push back above the daily level of support. As of now price respected the LH and dumped below the support level. I'll personally be looking for GC to possibly pullback to retest the flip before I decide to short the pair for a possible 1:4rr. We'll see what happens during London.
