GBPCHF trade ideas
GBP/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
It makes sense for us to go short on GBP/CHF right now from the resistance line above with the target of 1.110 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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GBPCHF Ranging MarketThis pair has just been accumulating for the past few years, with no intention of a bullish /bearish momentum. (1 Week)
Anyway, based on the daily pattern, there is a ranging pattern and the pair just re-bounded from the lower trendline and formed a bullish candlestick, which closed above the previous daily highest point.
Considering that it failed to break out of the structure, I anticipate that the bullish momentum will continue and the price might continue to retest the resistance zone at 1.16.
An analysis using a shorter timeframe will follow.
Upside movements on the horizonHello traders,
GBP/CHF is positioned extremely well.
PA formed a smaller consolidation, followed by a larger continuation.
The key lies in the last leg of the 3th touch, it tapped the lows and made an impulsive move towards the upside, meaning that bigger players stepped out of their shorts and likely pivotting into buy positions. The only negative confluence is the pinbar formation on the weekly. However, PA formed a strong close on the daily at a high value area.
I'm waiting for the first continuation and if it commits, I''ll softly manage this trade, simply because it makes sence to tap at the magnet (an area where previous momentum came from).
I'm also aware of the IP (inflection point). However, it doesn't make sence that PA will sell of from this area. The size of correction leads statistically speaking towars more agressive moves.
Sell GBP/CHF Bearish ChannelThe GBP/CHF pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. 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 1.1186, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1110
2nd Support – 1.1072
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Fundamentals/ pre analysis 11/20/24Hello everyone,
Thank you for taking the time to join us again.
My name is Johnson.
Today, we will be reviewing our fundamentals.
It appears that we have had some changes.
In the video above, we discussed the fundamental changes for JPY and GBP. JPY has switched over to the weak side, while GBP has migrated over to the strong side. However, both of these currencies have mixed sentiments. Therefore, we advise that if you are looking to trade GBP or JPY pairs, you may encounter short, choppy movements instead of smooth, fast, and efficient movements.
GBPCHF Set To Grow! BUY!
My dear friends,
My technical analysis for GBPCHF is below:
The market is trading on 1.1149 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1202
Recommended Stop Loss - 1.1119
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
range fill expected if lower band vwap are broken throughanother expression of eurgbp short trade due to correlation
Risk on, war news profit taking --> chf to weaken
various chf pairs rebounded/on major supp after war news
gbp less affected by usd news compared to euro due to less beta, euro profit taking or new joiners of eu shorts make gbp more attractive than eu.
catalyst: potential hawkishp print from U.K.’s October Employment Report
lower band vwap if broken through can long to range fill
long from lower side of bb, if regime no change, mean reversion to prosper
etc
What do you think?
GBPCHF: ITF CURVE ANALYSIS (16H) - UPTREND✨ GBPCHF: ITF CURVE ANALYSIS (16H) ✨ (UPTREND)
BLO1 @ 1.1155 ⏳
BLO2 @ 1.1133 ⏳
MO @ 1.1162 - TRIGGERED
TP1 @ 1.1250
TP1a @ 1.1315 (Secret TP)
TP2 @ 1.1405
TP3 @ 1.14698
TP4 @ 1.1500
SLO1 @ 1.1505⏳
SLO2 @ 1.15224⏳
NOTE: I'm anticipating a small PB between 1.1180 & 1.1209 to at least BLO1 before this one takes off. Tight -SL at 1.1107 as this pair can swing hard. However, for the brave, MO long.
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
MO = MARKET ORDER
PB = PULLBACK
-SL = NEGATIVE STOP LOSS
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
GBPCHF Short
Market structure Bearish on HTFs 30
Entry at Weekly and Daily AOi
Weekly Rejection at AOi
Daily Rejection At AOi
Previous Structure point Daily
Around Psych Level 1.13000
H4 EMA retest
H4 Candlestick rejection
Levels 10.88
Entry 100%
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: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
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