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British Pound / Swiss Franc

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GBPCHF trade ideas

#GBPCHF 1DAYGBP/CHF Daily Chart Analysis Resistance Level: 1.11300 On the daily chart for GBP/CHF, the current resistance level is established at 1.11300. This level represents a significant barrier where selling pressure has historically emerged, preventing the price from advancing further. Traders should pay close attention to this level, as a failure to break through could result in a reversal or consolidation. Target Level: 1.08700 The target level for this analysis is set at 1.08700. This level is identified as a potential support or price target, where the market may experience buying interest or find a floor. If the price declines towards this level, it could indicate a possible area of accumulation or a reversal point, providing an opportunity for traders to adjust their strategies accordingly. Summary In summary, GBP/CHF is currently facing resistance at 1.11300, which could cap the upside potential in the short term. If the price struggles to breach this resistance, the market may head towards the target level of 1.08700, where support could emerge. Traders should monitor price action around these levels to gauge potential market movements and adjust their positions accordingly.
Short
by PIPSFIGHTER
3
GBPCHF: ITF CURVE ANALYSIS (3D) - UPTREND✨ GBPCHF: ITF CURVE ANALYSIS (3D) ✨ (UPTREND) SLO2 @ 1.16265 ⏳ SLO1 @ 1.1522 ⏳ TP4 @ 1.1500 (Secret TP) TP3 @ 1.14698 TP2 @ 1.12804 TP1 @ 1.09806 BLO1 @ 1.0850⏳ (EARLY ENTRY - NEW) BLO2/BSO @ 1.0840⏳ (EARLY ENTRY - NEW) BLO3 @ 1.0820⏳ (EARLY ENTRY - NEW) BLO4 @ 1.07997⏳ - TRIGGERED NOTE: THE OTHER SIDE OF THE FENCE. CURRENT ORDER FOR LONG IS ACTIVE!!!! POTENTIAL TO WATCH THIS FULLY PLAY OUT IS DETAILED ON THE COUNTER ACTION OF THIS PAIR (wink wink). PA HAS THE POTENTIAL OF GETTING BACK TO MY ORIGINAL ENTRY. IF IT DOES, THE OPPORTUNITY TO GET TP1 AGAIN IS HIGH. LET'S SEE HOW THIS PLAYS OUT.... 🔑 BLO = BUY LIMIT ORDER BSO = BUY STOP ORDER ITF = INTERMEDIATE TIME FRAME PA - PRICE ACTION 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.
Long
by oktane
2
GBPCHF: ITF CURVE ANALYSIS (16H) - CTT DOWNTREND!!!✨ GBPCHF: ITF CURVE ANALYSIS (16H) ✨ (CTT - DOWNTREND) SLO2 @ 1.12126 ⏳ SLO1 @ 1.11632 ⏳ (DO NOT SET - MAKE AN SSO!!) *****IF 1.11226 IS BROKEN, THE LOWER SLO's WILL BE CLOSED***** SLO3 @ 1.1120 ⏳ SLO2 @ 1.1110 ⏳ SLO1 @ 1.11058 ⏳ TP1 @ 1.10691 - TRIGGERED TP2 @ 1.09319 TP3 @ 1.0860 BLO1 @ 1.0850⏳ BLO2/BSO @ 1.0840⏳ (DEBATING IF I SHOULD MAKE THIS A BSO.....) BLO3 @ 1.0820⏳ BLO4 @ 1.0800⏳ NOTE: CHALLENGE ACCEPTED - EVERYONE CAN THANK SAMEER!!! LOL. THIS IS A BIT OF A TRICKY ON AS PA HAS BEEN HITTING AGAINST THE LTF MIDPOINT & A MINOR RESISTENCE LEVEL. FIRST OF ALL, KNOW THAT THIS IS A CTT (COUNTER TREND TRADE), HIGHLY DANGEROUS AND ONLY FOR OBSERVATION UNLESS YOU'RE A PROFESSIONAL. MY ANALYSIS HAS RETURNED A POTENTIAL OF PA NOT GOING PAST 1.11226 (YELLOW LINE) BEFORE THIS TRADE WORKS OUT. WITH THAT SAID, I HAVE AN ADDITION TRADE I'LL BE PRESENTING TO THE UPSIDE FOR THIS PAIR IF ALL WORKS OUT AS I'M ANTICIPATING. CURRENTLY, IF PA RESPECTS MY ANALYSIS, THE R:R ON THIS TRADE IS 16:1 - (WITHOUT 1.11226 BEING BROKEN). TP1 HAS ALREADY BEEN TRIGGERED, HOWEVER, IF PA DOESN'T WHAT I ANTICIPATE, WE WILL HAVE ANOTHER OPPORTUNITY TO BANK IT AGAIN. LET'S SEE WHAT SHAKES OUT..... 🔑 BLO = BUY LIMIT ORDER BSO = BUY STOP ORDER CTT - COUNTER TREND TRADE ITF = INTERMEDIATE TIME FRAME PA = PRICE ACTION 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.
Short
by oktane
GBPCHF- Bearish Continuation TrendKey Analysis Elements: 1- Resistance Zone: 2- The chart now identifies the previously marked support zone as Resistance. This suggests that the price has broken below that level, and it's expected to act as resistance if the price retraces back up. Buy Limit: 3- The Sell Limit remains around the same level at 1.0974. The strategy anticipates the price dipping to this region before possibly bouncing back for a short-term correction. This means the trader is looking to capitalize on the potential rejection from this level. Stop Loss: 4- The Stop Loss is slightly above resistance at 1.1122, indicating a protective measure in case the price breaks above the resistance level. If it does, the bearish outlook would be invalidated. Take Profit: 5- The Take Profit is marked at 1.0968, suggesting a potential downside move. This setup aligns with the expectation that the price will dip after hitting the buy limit area. Price Projection: 6- The white curved line on the chart projects the price bouncing from the buy limit zone and potentially reaching the take profit level. The move suggests a short-term retracement within the overall downtrend. Additional Insights: 8- Risk Management: The stop loss is strategically placed above the resistance zone to protect against false breakouts, while the take profit is set close to the support zone, indicating a short-term trade. 9- Trade Setup: This setup anticipates the price respecting the identified resistance zone. Should the price reject this resistance, the trade could be triggered near the buy limit, expecting a bearish continuation.
Short
by factoryforex01
GBP/CHF Analysis and Trade SetupAs shown in the chart, the GBP/CHF pair experienced a significant downward move, breaking through a key support level and pulling back to retest it. After the pullback, the price has formed a slightly descending channel within the yellow resistance zone. If the trend continues, there is a possibility of a breakout to the downside, which would trigger our entry into the trade. 📉 Entry Trigger: We're considering the break of the **1.1052** level as our entry trigger. Once the price breaks below this level, we can initiate a short position. 🔍 Key Observation: It's essential to note that this resistance zone overlaps with the 50% Fibonacci retracement level of the previous move, strengthening the significance of this area as a potential rejection zone. 🚨 Risk Management Reminder: Always ensure proper risk and capital management. Be patient once you're in the trade and allow the price to reach your target 🎯. --- Trend Analysis, Support and Resistance, Fibonacci Levels #GBPCHF #ForexTrading #Tradecitypro #TCP #RiskManagement #Fibonacci #TechnicalAnalysis
by tradecitypro
1
GBPCHF short - are these reasons enough? Do you also see what I am seeing? 1. Rejection of price in the 1.120 region. 2. A down trend that retraced about 50% but may now be resuming. 3. A series of lower highs 4. Solid support at 1.1230 now becoming resistance. 5. Price below 20 ema on the daily as well as H4 time frames. I don't know what you guys think, but I don't need any more reasons to go short. I will be looking for a suitable entry location of a lower time frame. 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
Short
by Trading_Vista
GBPCHF: Consolidation & Complete Indecision⚠️GBPCHF is currently trading in a narrow range on a 4-hour chart. Depending on which way the price breaks out, there are two possible scenarios. 📈In a bullish scenario, if the price breaks and closes above the 1.1236 resistance level on the 4-hour timeframe, a bullish movement towards the 1.1325 level can be expected. 📉In a bearish scenario, if the market breaks below the 1.1072 support level and closes below it, a bearish movement towards the 1.1005 level is likely. It is important to wait for a breakout for confirmation before making any trading decisions.
by linofx1
4