GBPCHF weekly analysis This pair is ready to sell, for it has touch the trend line of the weekly time frame and suppose to sell from this point
GBPCHF.P trade ideas
GBPCHFThe Chart is printing Bearish trend as their is Divergence
The Entry point will be 1.16204 and the stop loss will be 1.16639
GBPCHF shortThe great British pound against Swiss was in up trend but now it seems to be short because of the following reason:
Bullish Divergence
Rising Wedge
Breakout of previous HL and printing new LLs and LHs
GBPCHF I Impulse correction in process Welcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPCHF: Bulls Will Push
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPCHF chart which, if analyzed properly, clearly points in the upward direction.
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GBPCHF 4HHello traders welcome back!
GBPCHF is one of the pairs that has massive move specially when it comes to get nice entry so right now i am going to share the high possiblity of selling power and i highly recommend you not to miss this entry.
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SELL GBPCHF for trend reversal SELL GBPCHF for trend reversal
update
STOP LOSS : 1.1678
From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the 4hour time frame there is already signal of regular divergence which indicates a possible trend reversal too...
there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Trade 2. GBPCHF 0.6REntry:
- Setup DD
- Signal bar is still not so small compared to other bars around.
Exit:
- Trail SL below Doji
- Exit with 0.6R profit.
GBPCHFGBPCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 38% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
Trade 1. GBPCHF H1 Entry:
- Setup BB
- Price is still a little bot far from ema
- Entry late
Exit:
- Trail SL after doji, exit -0.3R
GBP/CHFDouble Top Pattern
A double top is a bearish reversal pattern that signals a potential end to an uptrend and the beginning of a downtrend. It consists of two peaks at approximately the same price level, with a trough in between.
Key Elements
1. **First Peak**: The price reaches a high point, then declines.
2. **Trough**: The price falls to a support level after the first peak.
3. **Second Peak**: The price rises again to a level near the first peak but fails to break higher.
4. **Neckline**: The support level formed by the trough. The pattern is confirmed when the price breaks below this level.
Steps to Identify a Double Top
1. **Uptrend**: The pattern forms after a significant upward trend.
2. **First Peak**: The price rises to a high, then declines to form a trough.
3. **Trough**: The decline forms a support level (neckline).
4. **Second Peak**: The price rises again to a similar level as the first peak, then declines.
5. **Breakdown**: Confirmation occurs when the price breaks below the neckline.
Trading Strategy
1. **Entry Point**: Enter a short position when the price breaks below the neckline.
2. **Stop-Loss**: Place a stop-loss order above the second peak.
3. **Target Price**: Measure the distance from the peaks to the neckline and subtract it from the breakdown point.
Example
- **First Peak**: $100
- **Trough**: $90
- **Second Peak**: $100
- **Neckline**: $90
- **Pattern Height**: $100 - $90 = $10
- **Target Price**: $90 - $10 = $80
Benefits and Risks
**Benefits**:
- Clear reversal signal.
- Well-defined entry and exit points.
**Risks**:
- Possibility of false breakouts.
- Requires confirmation with volume or other indicators.
Conclusion
The double top pattern is a reliable indicator of a bearish reversal, providing traders with clear signals for entering short positions and setting risk management levels.
✅GBP_CHF SWING LONG🚀
✅GBP_CHF keeps growing
And the pair broke the
Key horizontal level of 1.1576
Which is now confirmed
So we are bullish biased
And we will be expecting
A further move up
LONG🚀
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GBP/CHF For Bearish as Over Long Statusgo short now and take any target
- Over Buying Status at RSA (Red Arrow)
- Price will pull back to collect some liquidity to can break current resistance area
- higher low will be at blue arrow or at range of (50:61) fibo
Have Fun :)
GBPCHFGBPCHF is in an uptrend. The price has an opportunity to test the resistance zone 1.16814-1.17207. If the price cannot break through the level of 1.17207, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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GBPCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
GBPCHF What Next? SELL!
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.1394 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1339
Safe Stop Loss - 1.1430
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBPCHF - 4hrs ( Buy Trade Target Range 150 PIP ) Pair Name : GBP/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( Long )
Type : Mid Term Swing
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Bullish Break
1.140000
Reasons
- Major Turn level / D
- Pattern Middle Band
- Daily Choch Zone
- week High Break
- Day High Break
- Fibo 0.618 %
- fixed Hvn
Bearish Reversal
1.15500 Area
reasons
- Major Turn level / M
- Channel Upper Band
- Pattern Target
- Fibo Golden Zone
- Choch / w
- Fixed Poc .
GBPCHF at the TopOANDA:GBPCHF
The pair has reached the ultimate top, which brings the opportunity to enter short with a target at the trend's support.
✅GBP_CHF SWING SHORT🔥
✅GBP_CHF is about to retest a key structure level of 1.1574
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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GBPCHF STRONG SUPPLY INCOMING GBPCHF has had some great runs with 3 monthly green candle close, which has also created some scalping opportunities for sellers, however, the bull has been a dominating factor all through this period, but I think it be ending at 1.65 region which will creat a swing opportunity for the bears as seen in the chart above. Do well to trade with proper risk management.
