GBPCHF has been in a downtrend respecting the channel. We have a rejection of the 78% FIB level, the trend line and bearish FVG for continued sells down to the next demand.
Two possible scenarios. 1. A break and retest of the trend line with a break of structure to the upside for a buy position above 1.09300 2. A continuation of the trend, break the support at 1.09100 for a sell down to the lower area of 1.08813
We have just broken the lower trend line and now waiting to see if this is a fake out for a continuation of trend to the upside, staying inside the channel, to the next resistance. If the break of the trend isn't a fake out, and we are just having a retest of the trend line, I will wait for a break for structure to the downside to be sure of a sell down to the...
We had a push down from the NZD news yesterday breaking the upwards trend line. No waiting for a retest of that trend, which also give confluence with a bearish FVG and also the 0.75 FIB level for continued sells down to the lower demand.
On the Daily chart and the 4 hour chart looking into the days ahead for a push up to the following confluences for a sell position: 1. FIB 0.618 level 2. Bearish FVG 3. Trend line rejection 4. Psychological level 1.4800.
Waiting for a rejection and a buy from the demand and a bullish FVG.
Waiting to see if we get a rejection from the trend and bullish FVG, FIB for a continuation of trend to the upside.
Demand zone with a bearish FVG and a trend line. Waiting to see if the demand hold for a buy up to the 170.500 area
the 4h chart, waiting to see if the demand holds and we get a rejection from the trend line for a buy back up to the supply.
Waiting to see if it can pus up to the supply zone and bearish FVG for a rejection from the trend line and continue sells down to the demand.
Continuation of the downwards trend with a rejection from the trend line, bearish FVG and FIB level for a sell down to the two hour demand.
Waiting for a trend line rejection, a rejection from the supply zone and 30m bearish FVG to continue the downwards trend to the 1 hour demand zone
One hour supply zone with a bearish FVG waiting for a rejection and a sell down to the demand
We are at a supply zone, trend line and bearish FVG. Waiting to see if it will drop below the supply and reject the bearish FVG and trend for a sell down to the lower demand. A break above the trend line and bearish FVG wait for a retest of the trend for buys up to the supply
Bearish FVG previous support as resistance, continuation down.