GBPCHF.P trade ideas
GBPCHF - 4hrs ( Sell Trade Target Range 200 PIP ) Pair Name : GBP/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Short )
Type : Mid Term Swing
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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!
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GBPCHF💡Hello everyone, GBPCHF chart analysis There is a clear resistance area (in red) where the price is trying to overcome it but is having difficulty. The price reached this area several times but was unable to penetrate it successfully. MACD indicator: It shows that selling momentum is starting to increase. We move to a lower time frame and look for a selling opportunity ⬇️
⛔️It is not investment advice, for educational purposes only.
GBP/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GBP/CHF pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.114 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPCHF this time will it break resistance ? High chances !The price failed to break the resistance last time and it took some time for consolidation and now again up and high chances that it can break up the resistance and may reach target 1 and target 2 play with strict stop loss. If failed to break the resistance can further drop is another scenario but which is very less probability! Have profitable trade.
GBP/CHF Bullish Breakout: Targeting 1.12068GBP/CHF appears bullish on the 15-minute chart following the breakout above the trendline. I'm targeting a move towards 1.12068, with additional confirmation provided by the stochastic indicator, which is currently at oversold levels, suggesting a strong entry opportunity.