GBPCHF Is Going Up! 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 market is on a crucial zone of demand 1.147.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.154 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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GBPCHF trade ideas
GBP/CHF - 4hrs ( Sell Trade Target Range 150 PIP ) Pair Name : GBP/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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Key Technical / Direction ( Short1 )
Type : Mid Term Swing
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Bearish Reversal
1.16200 Area
Reasons
- Major Turn level / D
- Inner Channel Break
- Bearish Choch Zone / weekly
- Fibo Golden Zone
- Day / week low
Bullish Reversal 1.14200
Trade idea for GBP/CHFWhen looking at the chart we can see that the price is moving into some sort of support that we got in the past.
What I am looking for now is to trade here. The only downside is on the stop loss side. Because we already saw in the past that the price moved below the stop loss level and moved back up then.
The thing is that if we move our SL to that level that we have a very small W/L ratio.
Trade idea for GBP/CHFSo when we look at the candles we can see that the past 2 candles really tried to push the price down and we have some sort of resistance at that price point.
What I want to do now is trade here with a small risk. This is because I normally don't trade of only candle formation.
This does could be a very nice and fast trade to take so why not.
Still waiting for the opening on monday to see what the price and volume is going to be.
GBPCHF: Bullish Continuation & Long Trade
GBPCHF
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GBPCHF
Entry - 1.1485
Stop - 1.1438
Take - 1.1548
Our Risk - 1%
Start protection of your profits from lower levels
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GBP/CHF SHORT FROM RESISTANCE
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 1D 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 1.138 area.
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GBPCHF Short Trade at major resistance rejectionGBPCHF Short Trade at major resistance rejection at break of uptrend structure
1. Broken structure
2. Strong resistance
3. 2% risk
4. R:R 2,2:1
5. Scale out at TP 0,9: 1 and the B/E on 2nd half
6. Close on opposite signal
7. 7 bar time stop
8. Strong bearish signal as a trend change
GBPCHF 4H SHORTWell, kid, if I want to give a small explanation about the classic patterns, the strongest one is the QM pattern, which is from the head and shoulders family. Now, in this analysis of pounds to francs, we have a noisy pattern.
The important thing is that 99% of the time I don't enter the trade with the head and shoulders pattern. I don't, there is a problem, but it's not in my plan. This analysis is not a trading proposal either.
BULLISH GBPCHFPreviously I've watched this pair and it reacted beautifully to my analysis. According to current market conditions I see the GBP strength progressing higher. After a successful break and retest of the price range I have marked up, I see more bullish price action on the way about a 1:2 risk reward here!
Good Luck Traders and always remember to use good risk management follow and join me in this trading journey !!
GBPCHF Bullish Direction Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist GBPCHF Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
GBPCHFas you look at gbpchf you also wanna look at cadchf or eurchf, what you will find is all of them, we are waiting for a slight push down (profit taking) which could have happen today after the release of CHF PPI but nonetheless, the trend is bullish, waiting for just a perfect entry at a cheaper price or should we get break out, then we can follow the masses.