GBPCHF trade ideas
GBPCHF: Multiple Time Frame Analysis & Bearish Outlook 🇬🇧🇨🇭
GBPCHF may retrace from a key daily horizontal resistance.
The price formed a triple top pattern on that on an hourly time frame
and just broke its neckline.
We can expect a retracement at least to 1.118 level now.
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GBPCHF-SHORTGBPCHF is trading in a bearish trend,price is almost completing its bearish retracement on daily timeframe
GBPCHFFUNDAMENTAL BIAS SCORE 06
TECHNICAL : break of bearish trend line
HH and HL formation
FVG
Volume support
no bearish divergence
Buy Limit Entry
Good luck
Heading into 61.8% Fibonacci resistance?GBP/CHF is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.12961
Why we like it:
There is a pullback resistance level which lines up with the 61.8% Fibonacci retracement.
Stop loss: 1.14601
Why we like it:
There is an overlap resistance level which aligns with the 78.6% Fibonacci retracement.
Take profit: 1.11326
Why we like it:
There is a pullback support level.
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SIMPLE STRATEGY From the chart...we can see three levels price is likely to react from the resistance zone , optional poi and 4hrs order block to the downside.... awaiting confirmations on LTF bf entry.,.💀💀💯💯
GBP-CHF Short From Resistance! Sell!
Hello,Traders!
GBP-CHF went up and
Has is now retesting a
Horizontal resistance
Of 1.1261 and as it is
A strong level we will
Be expecting a local
Bearish correction
Sell!
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GBPCHFIn my opinion, the 0.618 Fibonacci area and the resistance area is where it can push the price down.
What do you think?
GBPCHF: Short Trade Explained
GBPCHF
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPCHF
Entry - 1.1197
Stop - 1.1310
Take - 1.1000
Our Risk - 1%
Start protection of your profits from lower levels
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THE BATS ARE BULLISHWe hit a nice demand zone which caused a huge bounce up on the weekly time.
The D-point also lines up with the harmonic pattern entry point which gives us some extra confluence. This should be a nice trade. Great start to the week!!!
~AmosTrades
GBPCHF H1 ShortThis pair just created a pattern that's too simple to be true. A beautiful triangle with price action at resistance zone. I'm biased to the bearish side but if it breaks the resistance zone we might see a quick climb.
Bearish Target: 1.08553
Bullish Target: 1.14066
GBP/CHF BEST PLACE TO SELL FROM|SHORT
Hello, Friends!
GBP/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 6H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.076 area.
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GBPCHF - Poised for DeclineGBPCHF has recently shown signs of ending its uptrend and may continue to decline. This outlook is supported by the presence of bearish divergence and a bearish head and shoulders pattern. A sell opportunity is anticipated once the price breaks below the neckline, with the critical level being 1.14430.
GBPCHF: Bearish Forecast & Bearish Scenario
The analysis of the GBPCHF chart clearly shows us that the pair is finally about to tank due to the rising pressure from the sellers.
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GBP/AUD Short, USD/CAD Short, NZD/USD Long and GBP/CHF ShortGBP/AUD Short
Minimum entry requirements:
• If area of value tapped into, risk entry after a 1 hour rejection from it.
USD/CAD Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
NZD/USD Long
Minimum entry requirements:
• Tap into area of value.
• 1H impulse up above area of value.
• If tight 5 min continuation follows, reduced risk entry on the break of it.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBP/CHF Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBPCHF Consolidating at Resistance GBPCHF is currently consolidating at its resistance, downtrend followed by upside breakout may be possible till it respect the green uptrend support line. Let us see! have a profitable Trade !
WEEKEND ANALYSIS GBPCHFthe general trend in the GBPCHF pair is downtrend on a frame daily , 4hr & 1hr
candles are under a line ema(198)
the probability of continue the downtrend on GBPCHF
GBP/CHF BEARS ARE STRONG HERE|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 1.070 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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EUR/USD Short, GBP/JPY Short, AUD/NZD Short and GBP/CHF ShortEUR/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/JPY Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/CHF Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBPCHFGBPCHF price is near the main support zone 1.08698 and 1.07497. If the price cannot break through 1.07497, it is expected that there is a chance that the price will rebound. Consider buying the red zone.
>>GooD Luck 😊
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*Always follow your trading plan regarding entry, risk management
GBPCHF Will Go Down! Short!
Take a look at our analysis for GBPCHF.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.090.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.081 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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