GBPCHF.P trade ideas
GBPCHF - Divergence Supported and Vol Driven Break outGBPCHF has broken out from parallel descending price channel with volume supported order block. It also printed bullish divergence on MACD scale before the break out. We can therefore expect resumption of bull trend after test of important resistance cum support area.
GBP_CHF SWING LONG|
✅GBP_CHF made a bullish
Breakout of the key horizontal
Level of 1.1400 and the breakout
Is confirmed so we are bullish
Biased and we will be expecting
A further move up and a retest
Of the horizontal resistance
Above around 1.1606
LONG🚀
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GBPCHF - Fresh Impulse in Waiting after Flat CorrectionGBPCHF seems to be completing a flat correction pattern after bullish impulsive move. A break out from rectangular corrective range may result in fresh impulsive wave. Long positions can be considered with in the corrective range by aggressive buyers.
Idea on a chart Waiting for a 3 pin rejection on a head and shoulders. then go to lower time frames enter.
During the trading session on Monday, we have seen the British pound spiking against the Swiss franc, slicing through the 1.14 level.
This is an area that’s been important multiple times, so I do find it interesting that we are continuing to see a certain amount of strength.
If we can break above the top of the candlestick for the Monday session, that would be a very positive sign, perhaps sending this market much higher.
GBP/CHF Wedge Breakout (05.3.25)The GBP/CHF pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Wedge Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 1.1458
2nd Resistance – 1.1504
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GBPCHF Trading Opportunity! SELL!
My dear subscribers,
My technical analysis for GBPCHF is below:
The price is coiling around a solid key level - 1.1403
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.1366
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPCHF: Resistance Zone Tested, What's Next?GBPCHF: Resistance Zone Tested, What's Next?
GBP/CHF: The pair has been fluctuating within a range trading pattern for several days.
Both currencies remain strong, influenced by different factors. The Swiss Franc (CHF), known as a safe-haven currency, continues to maintain its status.
Given that GBP/CHF has already tested a strong resistance zone near the top, there is a possibility that the pair could move down again to the 1.1310 level.
Let's observe how the price action develops this time.
You may find more details in the chart!
Thank you and Good Luck!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
GBPCHF Set To Fall! SELL!
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.1403 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1347
Safe Stop Loss - 1.1433
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
Bearish drop off pullback resistance?GBP/CHF has reacted off the pivot which acts as a pullback resistance and could drop to the 1st support which has been identified as a pullback support.
Pivot: 1.1402
1st Support: 1.1320
1st Resistance: 1.1459
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GBP/CHF BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
GBP/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 5H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.132 area.
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GBPCHF ShortLike my earlier post on GBP/CHF, I mentioned that this pair has been ranging for several months/weeks, and it still is. The price is now at the high resistance level, where we received confirmation once again.
On the daily timeframe, a doji candlestick has formed, and last week, a shooting star confirmed the resistance level. Additionally, we now have a high Risk Reward Ratio (RRR), which further confirms this trade as a strong setup to pull the trigger.
Jeffrey Gomes Lopes