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British Pound / Swiss Franc

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GBPCHF trade ideas

+200 pips Best Level to Short GBPCHF from Resistance🔸Hello traders, let's review the H6 chart for GBPCHF today. Trading near premium prices of the multiweek range, closing in on heavy S/R Currently risk/reward is shifting in bears favor, so it's recommended to look for sell side setups in GBPCHF. 🔸Heavy overhead mirror S/R zone at 1440/1460 expecting reversal from overhead resistance. current bid is 1380so final push required before we can get a decent entry on sell side. 🔸Recommended strategy for GBPCHF traders: short any rips/rallies near S/R 1440/1460 price is currently trading near premium levels and is almost maxed out already, limited upside. TP1 bears 1260 TP2 bears 1230 pips final exit 1230 +200 pips. This is a swing trade setup so naturally will take more time to complete / hit targets. good luck traders! 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.
Short
by ProjectSyndicate
27
THOUGHTS ON GBP/CHFGBP/CHF 4H - Price is quite evidently bullish on the higher timeframes and therefore has given us the bias to buy into this market, I have gone ahead and found an area of Demand for price to pullback down and into. We want to see price come and correct itself, trading us lower in the market, this will give us the ability to capitalise in long positions and trade along side the prevailing trend. Because we have an area of Demand marked out we are able to get involved with a refined entry will give us better RR odds on the trades we do place. You can see the higher timeframe low set to the left of our screen, that was to clear orders. Seeing price show weakness to the upside here gives me the confluence to suggest that price is going to put in this fractal correction so I feel this trade set up will be ready to execute in the coming days.
Long
by Lukegforex
GBPCHF resistance at 1.1425 swing highThe GBPCHF currency pair price action sentiment appears neutral, supported by the longer-term prevailing sideways consolidation price range. The key trading level is at 1.1425, current swing high. An overbought pullback from the current levels and a bearish rejection from the 1.1425 level could target the downside support at 1.1310 followed by 1.1245 and 1.1165 levels over the longer timeframe. Alternatively, a confirmed breakout above 1.1425 resistance and a daily close above that level would change the outlook to bullish opening the way for further rallies higher and a retest of 1.1450 resistance followed by 1.1470 and 1.1500 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPCHF sideways consolidation below resistance The GBPCHF currency pair price action sentiment appears neutral, supported by the longer-term prevailing sideways consolidation price range. The key trading level is at 1.1425, current swing high. An overbought pullback from the current levels and a bearish rejection from the 1.1425 level could target the downside support at 1.1310 followed by 1.1245 and 1.1165 levels over the longer timeframe. Alternatively, a confirmed breakout above 1.1425 resistance and a daily close above that level would change the outlook to bullish opening the way for further rallies higher and a retest of 1.1450 resistance followed by 1.1470 and 1.1500 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
GBPCHF sideways consolidation The Week Ahead 17th Feb 25The GBPCHF currency pair price action sentiment appears neutral, supported by the longer-term prevailing sideways consolidation price range. The key trading level is at 1.1290, 200 Day Moving Average level. An overbought pullback from the current levels and a bearish rejection from the 1.1290 level could target the downside support at 1.1190 followed by 1.1130 and 1.1080 levels over the longer timeframe. Alternatively, a confirmed breakout above 1.1375 resistance and a daily close above that level would change the outlook to bullish opening the way for further rallies higher and a retest of 1.1420 resistance followed by 1.1470 and 1.1550 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
POTENTIAL SHORT TRADE SET UP FOR GBPCHFAnalysis: Utilizing chart patterns, highs & lows, and impulses & corrections, the focus is on identifying a continuation corrective structure following a breakout. Entry: The price approached the previous HTF swing high zone with an ascending structure on the mid time frame (MTF), forming a double top pattern at the peak of the swing high area. Subsequently, the price broke below the lower time frame ascending structure, signaling a bearish shift, and formed another bearish continuation-like pattern. Expectation: A downward move is anticipated, targeting the base of the mid time frame (MTF) ascending structure. ⚠️ Reminder: Conduct your own analysis and implement proper risk management, as forex trading carries no guarantees. This is a high-risk endeavor, and past performance does not predict future outcomes. Trade responsibly!
Short
by TheTradingAmbience
GBPCHF - Head and Shoulders SetupHello traders, On the daily timeframe GBPCHF has been consolidating in a range. Now it is at the resistance level of the range and so we should be looking for shorting opportunities. On the lower timeframes, the 4H and 2H, it has formed a head and shoulders pattern which is a great reversal pattern. Add to this the RSI divergence which in many occasions foreshadows the change in trend. I will be entering when we get a close below the neckline on the 2H timeframe.
Short
by The_Worldy
GBPCHF is in the Selling from ResistanceHello Traders In This Chart GBPCHF HOURLY Forex Forecast By FOREX PLANET today GBPCHF analysis 👆 🟢This Chart includes_ (GBPCHF market update) 🟢What is The Next Opportunity on GBPCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
by ForexMasters2000
GBPCHF ENTRY CHARTWe are BEARISH on this Pair, first the CHF is Strong,also the POUND is showing a sign of weakness, but on the GBPCHF chart, we have a SHIFT in TREND to the DOWNSIDE, we also have some confluences as that area is hitting the dynamic resistance+BB , while it mid-term is still BEARISH, We saw our LTF confirmation and decided to take the Trade, IF this matches with ypur TRADE IDEA, you can join us too, Update will be shared in the comment/update sections. THANK YOU.
Short
by LOVEGODFX2
#GBPCHF 4HGBPCHF (4H Timeframe) Analysis Market Structure: The price is forming a rising wedge pattern, which is typically a bearish reversal pattern. This suggests that the upward momentum is weakening, and a potential downside move could follow if the price breaks below the lower trendline. Forecast: A sell opportunity may arise if the price confirms a breakdown from the rising wedge pattern, signaling increased selling pressure. Key Levels to Watch: - Entry Zone: A sell position can be considered after a confirmed breakdown below the wedge support. - Risk Management: - Stop Loss: Placed above the recent swing high to minimize risk. - Take Profit: Target key support levels based on previous price action. Market Sentiment: The rising wedge indicates potential bearish momentum. A confirmed breakdown with strong price action can provide better validation for the sell setup.
Short
by PIPSFIGHTER