GBPCHF long ideaUpward channel, big resistance zone, I hope it will bounce from it to the upside. I think in a long term it is bearish (fundamentals), but I hope for the short time it is OK.
Good luck!
GBPCHF trade ideas
GBP/CHF Sell continuation hi guy, Today GBP/CHF is trending down and US traders react to smart money concept by breaking down the Asian range
SL: 1.15953
ENTRY: 1.15016
TP: 1.14020
GBPCHF Long Upward TrendGBPCHF - Long Position
I am seeing a positive upward trend since the start of 2024 with 30/50% fib retracements on each pullback. Current level is showing a breakthrough with possible support at previous highs.
SL 1.4833
TP 1.16500
GBPCHF: Potential Bullish Continuation 🇬🇧🇨🇭
GBPCHF is trading in a strong bullish trend on a daily.
After the price updated a higher high, the market started a correctional movement.
The pair is currently approaching a significant support cluster.
I believe that probabilities are high that the next bullish wave will initiate from that.
We can expect a growth at least to 1.16
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✅GBP_USD WILL GO UP|LONG🚀
✅GBP_USD is going down now
But a strong support level is ahead at 1.1485
Thus I am expecting a rebound
And a move up towards the target at 1.1557
LONG🚀
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GBPCHF What Next? BUY!
My dear friends,
My technical analysis for GBPCHF is below:
The market is trading on 1.1509 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1593
Recommended Stop Loss - 1.1454
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
GBPCHF to catch a falling knife?GBPCHF - 24h expiry
We are trading at oversold extremes.
This is positive for sentiment and the uptrend has potential to return.
The hourly chart technicals suggests further downside before the uptrend returns.
Previous resistance at 1.1513 now becomes support.
We look to buy dips.
We look to Buy at 1.1513 (stop at 1.1473)
Our profit targets will be 1.1613 and 1.1633
Resistance: 1.1675 / 1.1820 / 1.1890
Support: 1.1480 / 1.1370 / 1.1300
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GBPCHF I Previous idea fulfilled and here's what's nextWelcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Falling towards 50% Fibonacci support?GBP/CHF is falling towards a support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.15106
Why we like it:
There is a pullback resistance level which lines up with the 50% Fibonacci retracement.
Stop loss: 1.14031
Why we like it:
There is a pullback support level which lines up with the 78.6% Fibonacci retracement.
Take profit: 1.16712
Why we like it:
There is a pullback resistance level.
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GBPCHF 1H Short Trade - 1:6 RRRPair: GBPCHF
Action: Sell
RRR: 1:6
SL: 1.16724
TP: 1.14672
Indicators:
EMA200: The EMA200 serves as a critical indicator of the long-term trend direction.
MACD Trend: The MACD indicator helps traders assess the strength and direction of the trend.
Supertrend: The Supertrend indicator acts as a reliable tool for identifying entry points in alignment with the prevailing trend.
GBPCHF weekly analysis This pair is ready to sell, for it has touch the trend line of the weekly time frame and suppose to sell from this point
GBPCHFThe Chart is printing Bearish trend as their is Divergence
The Entry point will be 1.16204 and the stop loss will be 1.16639
GBPCHF shortThe great British pound against Swiss was in up trend but now it seems to be short because of the following reason:
Bullish Divergence
Rising Wedge
Breakout of previous HL and printing new LLs and LHs
GBPCHF I Impulse correction in process Welcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPCHF: Bulls Will Push
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPCHF chart which, if analyzed properly, clearly points in the upward direction.
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GBPCHF 4HHello traders welcome back!
GBPCHF is one of the pairs that has massive move specially when it comes to get nice entry so right now i am going to share the high possiblity of selling power and i highly recommend you not to miss this entry.
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SELL GBPCHF for trend reversal SELL GBPCHF for trend reversal
update
STOP LOSS : 1.1678
From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the 4hour time frame there is already signal of regular divergence which indicates a possible trend reversal too...
there is a bigger chance of a possible reversal from this level...... you are free to contact me directly here and i will respond to all questions
TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything
Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Trade 2. GBPCHF 0.6REntry:
- Setup DD
- Signal bar is still not so small compared to other bars around.
Exit:
- Trail SL below Doji
- Exit with 0.6R profit.
GBPCHFGBPCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 38% Fib retracement level and local support as well. if the market successfully sustain this buying confluence the next leg up could go for new HH.
What you guys think of this idea?
Trade 1. GBPCHF H1 Entry:
- Setup BB
- Price is still a little bot far from ema
- Entry late
Exit:
- Trail SL after doji, exit -0.3R
GBP/CHFDouble Top Pattern
A double top is a bearish reversal pattern that signals a potential end to an uptrend and the beginning of a downtrend. It consists of two peaks at approximately the same price level, with a trough in between.
Key Elements
1. **First Peak**: The price reaches a high point, then declines.
2. **Trough**: The price falls to a support level after the first peak.
3. **Second Peak**: The price rises again to a level near the first peak but fails to break higher.
4. **Neckline**: The support level formed by the trough. The pattern is confirmed when the price breaks below this level.
Steps to Identify a Double Top
1. **Uptrend**: The pattern forms after a significant upward trend.
2. **First Peak**: The price rises to a high, then declines to form a trough.
3. **Trough**: The decline forms a support level (neckline).
4. **Second Peak**: The price rises again to a similar level as the first peak, then declines.
5. **Breakdown**: Confirmation occurs when the price breaks below the neckline.
Trading Strategy
1. **Entry Point**: Enter a short position when the price breaks below the neckline.
2. **Stop-Loss**: Place a stop-loss order above the second peak.
3. **Target Price**: Measure the distance from the peaks to the neckline and subtract it from the breakdown point.
Example
- **First Peak**: $100
- **Trough**: $90
- **Second Peak**: $100
- **Neckline**: $90
- **Pattern Height**: $100 - $90 = $10
- **Target Price**: $90 - $10 = $80
Benefits and Risks
**Benefits**:
- Clear reversal signal.
- Well-defined entry and exit points.
**Risks**:
- Possibility of false breakouts.
- Requires confirmation with volume or other indicators.
Conclusion
The double top pattern is a reliable indicator of a bearish reversal, providing traders with clear signals for entering short positions and setting risk management levels.
