GBP-CHF
GBFCHF - Approaching critical support level. Long Swing Setup..GBPCHF is approaching multi-year critical support levels...
Might have a little further to drop. Watching 1.16 / 1.15.... Expecting to see at least some kind of technical bounce from this zone.
Small position, wide stop, scale in upon confirmation of trend reversal.
GBPCHF SS Short + 90 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.1938
Stop = 1.1958
Risk = 20 pips
Profit target = 1.1848 ( The projected daily low )
Reward = +90 Pips
RRR = 4.5 -1
2nd Entry = 1.1885
Stop = 1.1910
Risk = 25 pips
Profit target = 1.1810
Reward = + 75 Pips
RRR = 3-1
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Have a great week !
Allen
GBPCHF LongRed area highlighted has been a long standing support for this pair for a very long time. There has been a bounce from the last 4H, hopefully this will rally to the trend line.
Update to follow when entry is made.
GBP/CHF LongEntry --> 1.22795
Stop Loss ---> 1.22546
Take Profit--> 1.23406
Risk/Reward --> 2.45
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
PERFECT STRUCTURE TRADE
Long trade on GBPCHF explained.
Please, check my signature below for special offers!
GBPCHF i hate gbp but f... itGBPCHF at strong support with bullish pinbars on the 4h timeframe indicating a reversal. We have now broke out of a descending channel and retesting the the trend line where we can look for a long position up to the resistance area.
GBP/CHF ShortEntry --> 1.23391
Stop Loss ---> 1.23893
Take Profit--> 1.22545
Risk/Reward --> 1.7
Please Comment, Like, & Follow!
This information is not a recommendation to buy or sell. It is to be used for educational purposes only.
GBPCHF Heading HigherPrice is trading above the cyclical support. It is likely to see the market head higher in the cyclical derived angle in red.
The Hidden Market Order for MT4
GBP CHF BUY (POUND STERLING - SWISS FRANC)Hi there. Price is forming a reversal pattern to change its direction. Watch strong price action at these area for buy.
GBPCHF still waiting for this one?Leave a like if you enjoy the contente and follow for more hints into the market!
Cheers!
GBPCHF DOWNWARD CONTINUATIONWe expect the downward move continuation,
But if we get a break of the downward trend line ,
If we also get a break up of the broken channel,
=> We will then catch an up move.
=>Wait for pullback and bearish confirmation.
GBPCHF whats nexthello guys and people as we can see here CHF is going weaker while GBP is going stronger so buy guys until we reach our target and good luck
GBP CHF BUY (POUND STERLING - SWISS FRANC)Hi there. Price is forming a reversal pattern to change its direction. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
