GBPCHFstrong downward movement, three corrections, v-formation, hold and break out, it's a good opportunity for short
GBPCHF.P trade ideas
Expecting a Bullish Ride: GBP/CHF Poised for an UpswingAttention all traders! We're setting our sights on GBP/CHF with a bullish stance as we gear up for a strategic buy. With an enter price outlined at 1.12851, our eyes are firmly fixed on a take profit at 1.12854333, guarding against downside with a stop loss set at 1.12846333.
The EASY Trading AI strategy, which powers this forecast, is once again proving its mettle. This built-in intelligence analyzes countless market conditions, identifying potential patterns that indicate promising buy opportunities. By leveraging these intricate models, the strategy ensures that our trades are calculated with precision and accuracy.
For GBP/CHF, the trajectory appears positive due to several influencing factors. Technical indicators are signaling support levels holding firm, providing a robust base for upward momentum. Moreover, the volatility threshold currently aligns with our target setups, enhancing the likelihood of a successful buy.
As we navigate this forecast, remember that while the numbers suggest potential, nothing replaces keen market vigilance and risk management. For those interested in automating this process, consider engaging our tailored trading robots or signals accessible via Telegram through EASY Trading AI systems. Explore much more on our official platform!
Are you ready to ride the wave of opportunity? Remember, it's not just about the numbers but how you interpret them. Let's aim for success together!
GBPCHF Next Possible Support LevelsIf the Price will Breakout From there 1.12760 Then Next Possible Support levels Could be,
1. 1.12400 – This level may act as a psychological support, and it has previously served as a minor support/resistance.
2. 1.12000 – A round number level that often has psychological significance and could provide strong support.
3. 1.11500 – A potential support level based on previous price action and trend lines.
These levels depend on the market context, and confirmation with additional technical indicators would be useful for confirming the support strength.
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Target was met If you took this trade with me, congratulations to you. It was an 80pips trade, all market conditions indicated the bulls will keep urging on. I closed half the trade manually and continued running the rest at no risk, though i was convinced it will my initial target
GBPCHF A Fall Expected! SELL!
My dear followers,
This is my opinion on the GBPCHF next move:
The asset is approaching an important pivot point 1.1281
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 1.1222
About Used Indicators:
For more efficient signals, super-trend is used in combination with other indicators like Pivot Points.
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WISH YOU ALL LUCK
GBPCHF Will Go Lower From Resistance! Sell!
Please, check our technical outlook for GBPCHF.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.128.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.122 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
GBPCHF sell setupOn GBPCHF I am bearish for the long haul, currently I am just waiting for price to push till our area of interest to look for selling opportunities.
Remember, clear charts better vision
Could the price reverse from here?GBP/CHF is reacting off the pivot and could drop to the 1st support.
Pivot: 1.1262
1st Support: 1.1188
1st Resistance: 1.1314
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LONG PositionsI have this morning started to accumulate a large long position on GBP/CHF. We saw a failed break out earlier but believe this will soon breakout above.
TP 1.14
SL just under resistance levels as indicated.
GBPCHF Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The instrument tests an important psychological level 1.1207
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 - 1.1260
Recommended Stop Loss - 1.1178
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPCHF: Intraday Technical OutlookAfter a breakout of a horizontal demand cluster last week, GBPCHF began to gradually recover while forming a symmetrical triangle pattern.
The market showed a clear rejection from the broken area. The next signal for a bearish trend will be a breakout below the support of the triangle pattern, confirmed by a 4-hour candle closing below that level.
This is likely to push the market down to at least the 1.1200 level.
If you have not yet entered a short position, it is recommended to wait patiently for a breakout to occur.
GBPCHF TRADE RECAPHello traders ! I have shared this recap together with trading lesson! I hope by watching this, you are going to get useful tips that will help you for the next week. See you in Next week!
[Vienmelodic] AUDNZD 16 Dec 2024 - Wait & See ModeAfter breakout structure on H4 this is the spotted possible retesting area.
ussually i take the lowest area for long possition,
but if theres any H1 bullish candlestick formed anywhere within the first area, i will take long entry with market execution..
Let see on the next several days for the updates.
~Cut the Losses and let the Profits Run~
Vienmelodic
GBPCHF - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
Also price swept key weekly swing high.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of weakness, so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
GBPCHF: Forecast & Technical Analysis
The recent price action on the GBPCHF pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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GBPCHF Ahead of the BOE Interest Rate DecisionGBPCHF Ahead of the BOE Interest Rate Decision
Today, the Bank of England (BOE) is expected to release its rate decision. The BOE is anticipated to keep rates unchanged at 4.75%. If this happens, the GBP could see slight bullish momentum, but nothing significant.
However, considering the improving UK data over the past month, we could see a weaker GBP , if the BOE cuts rates.
The price has already broken out from a bearish pattern.
This movement is very risky, as it is mainly based on the BOE Interest Rate Decision.
These events can easily invalidate patterns, so it is advisable to be cautious.
You may find more details in the chart!
Thank you and Good Luck!
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Fri 20th Dec 2024 GBP/CHF Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CHF Sell. Enjoy the day all. Cheers. Jim
GBPCHF pullback after strong bullish moveIf the 4h candle cannot close with a strong bullish candle, we can expect price to drop back withing the trading range of 1.1260
GBP/CHF Analysis🔻 Trend Direction:
The trend is clearly bearish, with strong selling momentum dominating the GBP/CHF currency pair. The price has broken below key levels and is showing no immediate signs of reversal, indicating a strong continuation of the downtrend.
💡 Key Observations:
1️⃣ The strong sell-off aligns with the saying, "Let the trend be your friend," as the bearish momentum is evident.
2️⃣ Price is heading toward key support zones, as highlighted in the chart.
3️⃣ Potential support levels around 1.1185 and 1.1135, where the price may slow down or reverse.
📌 Trading Idea:
Consider short positions if the bearish momentum continues, aiming for the support zones.
Stay cautious around these areas, as they could trigger reversals or consolidation.
🚨 Risk Management:
Place stop-losses above 1.1230 or higher to protect against unexpected pullbacks.
Use proper risk management strategies and monitor price action at key levels.
Shorted this pairTwo short trades 80pips plus a second one 30pips totalling110pips profit targets met
Buy GBP/CHF Bullish PennatThe GBP/CHF pair on the H1 timeframe presents a potential Buying opportunity due to a recent breakout from a well-defined Bullish Pennant pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1427
2nd Support – 1.1475
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Best Regards, KABHI FOREX TRADING
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