GBPCHF: Strong Bullish Signal?!GBPCHF has successfully surpassed and closed above a resistance level in a wide horizontal range on a 4-hour chart. It is likely that this broken resistance will now act as support. The pair is expected to continue its upward trend, with a target set at 1.1352.Longby linofx13319
GBPCHF - 4hrs ( Buy Trade Target Range 180 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 ( Long ) Type : Mid Term Swing ——————————— ✅Bullish Break 1.12250 Reasons ✅- Major Turn level ✅- Visible Range lvn ✅- Channel Break ✅- Key level / 3 Bounces ✅- Fixed range Lvn ✅- Fibo Golden zone ✅- 3Quarter High ✅- Quarter High ✅- Day/ week High BreakLongby GoldenEngine2227
GBPCHF: Strong Bullish Signal?!GBPCHF has successfully broken above a resistance level in a wide horizontal range on the 4-hour chart and closed above it. This previous resistance is likely to act as support now. The pair is expected to continue its upward trajectory, with a target set at 1.1352.Longby NovaFX23664
GBP/CHF Strength Supported by BOE Rate Decision and Retail SalesGBP/CHF Strength Supported by BOE Rate Decision and Retail Sales The recent strength of the GBP has been bolstered by the Bank of England’s (BOE) decision yesterday to maintain interest rates, coupled with today’s robust retail sales data, which further fueled GBP bulls. From a fundamental perspective, GBP strength could continue to be supported in the coming month, especially in relation to the CHF. Previously, I posted an analysis of GBP/CHF when the price was near 1.1100 and in an accumulation phase. The price had been moving within a correction for about a month since mid-August. The breakout from this pattern appears solid, suggesting that GBP/CHF may rise further. Additionally, yesterday’s daily candle closed strong and bullish, indicating further GBP strengthening. However, the situation with the CHF is more complex than it appears. Thank you and Good Luck! Longby KlejdiCuni3310
Long on GBP/CHF Pair Sep 17 2024I am excited to share with you guys about this trade, very basic and easy to understand. Super basic Technical Analysis. Longby MH_QuanUpdated 113
GBPCHF SHORTM Bearish, price below Emma's bearish since June, previous M had a huge wick to the downside I expect to fill somewhat fifths position plays out. W Three consecutive weeks price has failed to close above 1.1180 area with this current week also rejecting this area. Price is below Ema's and very strong key area around 1.1170. D Price is currently sitting on Emma's however I expect with a further move down this will change Ema's have been sideways for sometime. Daily candle so far rejecting off key area highlighted in grey price did have a higher push earlier through this resistance only to return. Setup: 4HR bearish engulfing and breakout of trend line/channel awaiting retest on lower time frames as I want this short from a nice pull back sitiuation on possibly 15min but will await next 15 or 1hr close to see situation. Perfect entry would look something like last slide which aint guaranteed to happen :) ICMARKETS:GBPCHF Shortby mcfx20Updated 332
Sell GBPCHF UK CPIThe GBP/CHF pair on the M30 timeframe presents a potential selling opportunity. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 1.1136, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 1.1080 2nd Support – 1.1040 Stop-Loss: To manage risk, place a stop-loss order above 1.1190. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you. Shortby KABHI_FOREX_TRADINGUpdated 116
GBP/CHF: Wait for Breakout Before BuyingGBP/CHF is currently trading at 1.1132. It appears to be on a downward trend and may drop to around 1.1055 before potentially rising again. However, to ensure a more strategic entry, we recommend waiting for a confirmed breakout before buying. Once the breakout is confirmed, we can proceed with buying, setting our target price (TP) at 1.1340.by FXTradingAnalysisUpdated 3
GBP/CHF For Bearishyou can go short now - General Trend is Down - Price walk inside down channel have fun :)Shortby maxbayne2
Continuing the bullish story of GBPCHF …. the week of 23 Sep, 20Best seen on the weekly chart, see how this pair turned around during the week of 04 August. A shallow pullback followed but for the past 2 weeks the bulls have taken control of this market again. Switching to the daily chart, see the nice strong moves of the last 3 days. The significant s/r level around 1.1210 was easily overcome on Thu with a strong follow through today (Fri). Adding weight to my bullish bias is the 200dma that seems to be acting as a dynamic support. A good place to enter a long trade would be close to the support at 1.1210 and if we switch to the H4 chart, we can see that area is as perfect as it can be. The 20sma will come closer to price lending support as well and giving us logical stop placement in the 1.110 region. A pullback to this area is necessary to get a good price and will make me interested to take a long trade. Target will depend on the momentum that this pair can generate but I would aim for the next resistance zone. I will be on the lookout for the pullback and further bullish evidence on lower time frames such as H4 and H1. However, if a strong move to the down side forms, that would negate my analysis. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros Longby Trading_Vista3
[GBPCHF] Short EntryOn this forex devise, I am looking for a short scenario with a breakdown of the support we are actually on. My main motivation for this one will be the reversal pattern and rejection. Great Trade !Shortby ArnoSG3
GBPCHF - BULLISH ON 4HR CHARTBUY @ 1.1200 Targets : 1.1300, 1.1500 Stoploss : 1.1100 GBPCHF shows clear uptrend. Longby agnelpraveen1
Bullish ideaPrice action will test previous upward barriers as it is ranging within the higher timeframes.Longby Two4One41
GBPCHF What Next? SELL! My dear subscribers, My technical analysis for GBPCHF is below: The price is coiling around a solid key level - 1.1152 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 1.1115 My Stop Loss - 1.1178 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 ——————————— WISH YOU ALL LUCK Shortby AnabelSignals112
GBPCHF WILL EXPLODE BUYTp and sl mentioned not a financial advice intraday trade onlyLongby ArehmanB1
GBPCHFFinally, we have a break of structure and break of weekly swing structure. There is a possibility of a bullish correction (red0 or bearish continuation (black). We will only trade once we have a clear set up. We do favour a bullish correction before thereafter a bearish continuation.by morrisgitauUpdated 115
I SEE LONGS ON GBPCHF Price forming bullish patterns price should push up if it breaks to the up side and retest it should buy long term if it breaks major resistance we should hold until the moon. Disclaimer: The information provided in this conversation is for informational purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making any investment decisions. The author is not responsible for any financial losses or damages incurred as a result of following the information provided.Longby Forexshepard2
GBP/CHF Poised for a Bullish WaveGBP/CHF Poised for a Bullish Wave 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. Over the past couple of weeks, GBP/CHF has been accumulating. Today, following the release of the SNB’s CPI and GDP data, GBP/CHF has begun to show increased bullish momentum. As indicated on the chart, the targets for GBP/CHF in September are 1.1320, 1.1490, and 1.1660. ------------------------------------------------------------------ CHF Gross Domestic Product (QoQ) (Q2) Actual 0.7 % Expected 0.5% Previous 0.5% CHF Gross Domestic Product (YoY) (Q2) Actual 1.8 % Previous 0.6% ------------------------------------------------------------------ CHF Consumer Price Index (MoM) (Aug) Actual 0% Expected 0.1% Previous -0.2% CHF Consumer Price Index (YoY) (Aug) Actual 1.1% Expected 1.2% Previous 1.3% 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❤️Longby KlejdiCuniUpdated 1113
GBPCHF Technical Analysis! BUY! My dear followers, I analysed this chart on GBPCHF and concluded the following: The market is trading on 1.1057 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 1.1094 Safe Stop Loss - 1.1036 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. ——————————— WISH YOU ALL LUCK Longby AnabelSignalsUpdated 112
GBP/CHF SENDS CLEAR BEARISH SIGNALS|SHORT Hello, Friends! GBP/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.108 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignalsUpdated 112
GBPCHF ShortsMarket structure Bearish on HTFs30 Entry at both Daily And Weekly AOi Weekly Rejection at AOi Daily Rejection at AOi Around Psychological Level 1.11000 H4 EMA retest H4 Candlestick rejection Levels 5.68 Entry 90% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is KingShortby mobbie_zwUpdated 2214
GBPCHF longI think GBPUSD will go long because the price in a resistance level if the price break the level it will go down...by Fx_Sniper_BD2