GBPCHF.P trade ideas
Bearish setupchart of the GBP/CHF exchange rate over a 1-hour period. The chart is currently showing a downward trend, with the price of the British Pound falling against the Swiss Franc. The chart also shows the buy and sell prices for the GBP/CHF pair, as well as the current bid and ask prices. The chart is likely being used by a trader to monitor the GBP/CHF exchange rate and make trading decisions.
GBPCHF Trade Idea: Using Probabilities to Target the DownsideThe British Pound to Swiss Franc (GBPCHF) pair is currently facing bearish pressure due to several key fundamentals. The UK economy is grappling with persistent inflation concerns, leading to speculation that the Bank of England might need to maintain higher interest rates for an extended period. This could potentially stifle economic growth and weaken the Pound.
Meanwhile, the Swiss Franc is benefiting from its status as a safe-haven currency amidst global economic uncertainties. Switzerland's robust economic performance and the Swiss National Bank's commitment to price stability are further bolstering the Franc's strength against the Pound.
Given this bearish outlook for GBPCHF, I'm planning to utilize probabilities to get positioned into shorts.
12M:
1W:
3H:
GBPCHF - 4hrs ( Sell Trade Target Range 200 PIP ) Pair Name : GBP/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
------
spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Short )
Type : Mid Term Swing
———————————
Bearish Break
1.11200
Reasons
- Major Turn level / D
- Head & Shoulder Break
- Fixed Range Hvn
- inner Choch Zone
- FIbo Golden Break
Bullish Reversal
1.08650 Area
reasons
- Major Turn level / D
- Pattern Target
- Visible Range Lvn
- Quarters Area
gbpchf shortssimple price action here more clear on h1. CHF has been on high demand and market sentiments show many traders buying usdchf, which intern will lead to more decline on usdchf. on the other hand gbpusd has formed double top on daily chart with the exhaustion of bullish trend. Gbpchf is a cross of gbpusd and usdchf and if gbpusd is bearish and usdchf bearish then gbpchf will be bearish.
GBPCHF : SellReasons for a possible sell opportunity
1. Overall long term bearish trend
2. Break and retest
3. Bearish confirmation candles around resistance
4. EURCHF already lead the way in falling (Correlated positively)
5. EMA (200) bearish confirmed
6. Bearish Flag breakout
7. Sentiment research mostly buys
GBP/CHF Bullish with Reversal PotentialGBP/CHF is expected to move bullishly towards the target of 1.12660. A stop loss is set at 1.11458, which is a crucial level. If the stop loss is triggered, it not only protects against further losses but also signals a possible trend reversal. In such a case, the breach of 1.11458 could confirm a shift in momentum, leading to a potential sell opportunity as the trend reverses direction. This dual approach allows traders to capitalize on the bullish scenario while being prepared for a reversal.
GBP/CHF Poised for Further GainsGBP/CHF Completes Bullish Harmonic Pattern, Poised for Further Gains
At the beginning of August, GBP/CHF completed a bullish harmonic pattern at the 1.0740 level. Since then, the pair has been on a steady upward trajectory.
This upward movement is also influenced by the divergent monetary policies of the UK and Switzerland. Given that GBP/CHF typically experiences only minor corrections, it appears that the pair is set to continue its ascent.
The targets for GBP/CHF during September are 1.1320, 1.1490, and 1.1660, as indicated on the chart.
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❤️