GBPCHF SHORT OPPORTUNITYThe market has been on the short term downtrend on H1. The price is pushing down to the demand price before major push up.
GBPCHF trade ideas
GBPCHF to find sellers at market levels?GBPCHF - 24h expiry
There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 1.0895.
A higher correction is expected.
With the Ichimoku cloud resistance above we expect gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 1.0970 level.
We look to Sell at 1.0970 (stop at 1.1002)
Our profit targets will be 1.0890 and 1.0860
Resistance: 1.0970 / 1.1015 / 1.1070
Support: 1.0860 / 1.0780 / 1.0680
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GBPCHF Set To Fall! SELL!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The price is coiling around a solid key level - 1.0940
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0921
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Possible long Price has hit support and bottom of bullish channel, price is also close to Keltner channel for a bullish push. price is also above MA's confirming bullish continuation
GBPCHF already make bearish divergence GBPCHF already make bearish divergence and now trend is bearish that's why i put sell stop limit for short entry
GBPCHF BUYI'm expecting buys on GBPCHF because the market has broken our bearish trend that was inside our trendline channel. The breakage of trendline means that the new trend is being introduced. In this case, a bullish trend has been introduced as the market is now going to retest the level 1.09506 which is our entry level.
gbp chf currency pair analysisConsidering the continuation of the trend in the gbpchf currency pair and the failure of the previous floor, we expect a fall, so we will stay with the currency pair until the previous floor.
GBP/CHF SellThe markert has completed a running flat correction and therefore wave C is expected. the pound is very bearish and will be for months to come.
GBPCHF Will Grow! Long!
Here is our detailed technical review for GBPCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.091.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.098 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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Touch All TPs and start Buy setupGBPCHF touch all TPs, R/R is 5.68. This is good. and now active Buy setup (risky), you can set BREAKEVEN on entry. Close 30% of your position.
Sideway Pattern and DropDear Friends,
I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors.
As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various scenarios that are likely to occur in the market.
I am sharing my analysis with you, but please note that I am not providing any buy or sell signals. I aim to share my unbiased analysis with you so that you can use it as a guide to make informed decisions.
The first analysis is Litecoin
In the attachment, you will find my previous analysis of the same market, so you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand (although having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily).
I have been studying the Elliott Wave principle for almost three years now. With time, my understanding of this knowledge and experience has increased. What I have achieved so far is a legacy of a genius named Ralph Nelson Elliott, and I am truly satisfied with my progress. May his soul rest in peace and his memory be cherished.
Thank you for your support so far. I am grateful and will always remember your kindness. Please feel free to share your thoughts and feedback with me.
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Sell GBPCHF Bearish ChannelThe GBP/CHF pair on the M30 timeframe exhibits a bearish channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Let's delve deeper into the details:
Key Points:
Bearish Channel: The price has been trading within a downward-sloping channel defined by two converging lines: a falling resistance line and a falling support line. This pattern often indicates ongoing selling pressure and the potential for further decline.
Sell Entry: Consider entering a short position around the current price of 1.0940, which is close to the channel resistance. This could offer an entry point near a potential reversal point.
Target Levels: Initial bearish targets lie at the support levels of 1.0892 and 1.0867, marking previous support zones within the channel.
Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 1.0965. This helps limit potential losses if the downtrend breaks unexpectedly.
Fundamental Updates :
UK Bank of England (BoE) meeting minutes: Due for release later today, these minutes could shed light on the central bank's future monetary policy stance. Hawkish signals might boost the Pound, while dovish ones could weaken it.
Swiss National Bank (SNB) Chairman Thomas Jordan's speech: Scheduled for tomorrow, February 2nd, any comments about potential interventions or the economic outlook could impact CHF sentiment.
Thank you
GBPCHF SHORTSI have analyzed and seen the weekly and daily timeframe being bearish, these are the main timeframes, so I went to the four hour timeframe to look for opportunity to short, then I spot the resistance zone just below the 50 exponential moving average, now expecting a retracement to the moving average then take shorts.
GBPCHF SHORT IDEAGood Day everyone, here is an idea for a Short opportunity! Price has reach EMA and we will expect it will continue to going down.
Short now for a good 1 to 2 RR.
so far we are up for -1R(FEB)
JAN (6R)
GBPCHFThis Month FORECAST
Opportunity for GBPCHF. This setup trading idea is for SWING. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
GBPCHF - SellA sell position for GBPCHF
We will place a sell stop at the break of the previous HL and then SL at the HH.
The chart will be updated as the prominent HH is formed.
GBPCHF SELL HERE !!HELLO FRIENDS
As I can see this pair is still looking for more downside on the base of weekly downtrend retracement is done now I am expecting a fall in this pair to get fill the wick so our R>R is great on this trade its just a trade idea do a proper analysis before in to any trade we apricate Ur comments and view on this chart
Stay tuned for more updates
GBPCHF Buy IdeaFollowing a careful examination of trend exhaustion and RSI levels, Uncle Jake provided thoughtful counsel and suggested considering various factors before making a Buy decision.
GBPCHF - Looking To Buy Pullbacks In The Short TermH4 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Continuing bullish divergence.
Until the two strong support zones hold my short term view remains bullish here.
Sell GBPCHFThis is my GBPCHF Setup. Market has given BOS to downside, and we see all Orderflows are mitigated, so we have identified 2 OB zones from where market may change its direction after mitigation.
Short… MaybeI’m short waiting to fulfill the gap that a few weeks ago created. And I say maybe because we never, never know what the market will do.
