GBP_CHF RESISTANCE AHEAD|SHORT|
✅GBP_CHF will be retesting a resistance level soon around 1.1340
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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GBPCHF
GBPCHF: French Election Risk May Increase Demand on CHFHey Traders, in the coming week we are monitoring GBPCHF for a selling opportunity around 1.13900 zone, GBPCHF was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.13900 support and resistance zone.
Fundamentally with the current risk on the EURO with French election the demand on CHF may increase despite the rate cut as it's considered a safe haven.
Trade safe, Joe.
GBPCHF Will Go Lower From Resistance! Sell!
Here is our detailed technical review for GBPCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 1.130.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 1.127 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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GBPCHF : Short Trade , 4hHello traders, we want to check the GBPCHF chart. After breaking the uptrend line, the market trend is now bearish. The price has made a pullback to this level after it managed to break the specified support level. We expect this level to maintain the downward trend of the price and the price will fall to around 1.11800. Good luck.
GBPCHF - Short after filling the imbalance !!Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for short position. I wait price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 1.14000.
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GBPCHF - Already Over-Sold!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPCHF has been overall bearish, trading within the falling channel in red.
However, GBPCHF is currently approaching the lower bound of the channel.
Moreover, it is retesting a strong demand zone marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the green demand and lower red trendline acting as a non-horizontal support.
📚 As per my trading style:
As #GBPCHF approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPCHF | Short D1 | Market Exec | Incoming Risk-OffTechnical Confluences for Trade:
- Stochastics are in Overbought Conditions on D1 and H1 time-frames
- Stochastics are also Overbought in multiple Cross-CHF pairs and even on USDCHF pair.
- Price action is close to a Supply Zone
- Price action is close to multiple Resistance Trendlines & top of Parallel Channel as well
- Targeting the 38% Fibo retracement for this trade
Fundamental Confluences for Trade:
- There seems to be some disconnect between asset classes and with everyone already so 'risk-on', the risk-off build up momentum is ripe for the taking.
Suggested Trade:
Entry @ Area of Interest 1.1570 - 1.1650
SL @ 1.1718
TP 1 @ 1.1425 (Close Half-Position & move SL to Entry level once TP1 is achieved)
TP 2 @ 1.1276
Risk-to-Reward @ Approx. 2.60 (Depending on Entry Level)
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GBPCHF: Important Breakout 🇬🇧🇨🇭
GBPCHF broke and closed below a key daily support.
Retesting the broken structure, the price formed a narrow range on a 4H time frame.
London session opening pushed the prices lower.
The pair broke a support line of the range, leaving a strong bearish clue.
I think that the market may keep falling.
Next support - 1.1224
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Heading into 50% Fibonacci resistance?GBP/CHF is rising towards a resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.13675
Why we like it:
There is a pullback resistance level which aligns with he 50% Fibonacci retracement.
Stop loss: 1.14435
Why we like it:
There is a pullback resistance level.
Take profit: 1.12186
Why we like it:
There is a pullback support level.
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GBP/CHF BULLISH BIAS RIGHT NOW| LONG
Hello,Friends!
We are now examining the GBP/CHF pair and we can see that the pair is going down locally while also being in a downtrend on the 1W TF. But there is also a powerful signal from the BB lower band being nearby indicating that the pair is oversold so we can go long from the support line below and a target at 1.145 level.
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GBPCHF tries to find resistance after recoveryPOUND STERLING OANDA:GBPCHF ANALYSIS
- Enough US data to go around this week: ADP, services PMI and NFP
- GBP/CHF attempts to find resistance as the pair recovers from overbought territory
THERE’S ENOUGH US DATA TO GO AROUND THIS WEEK
There is a lack of UK data this week, but it shouldn't be ignored for sterling-related pairs. FX movements increased in Q1 and central banks are now considering interest rate cuts. The question is when will they have the confidence to start.
In contrast, US data has been plentiful. ADP data added to the strength seen in the job market. US services PMI data contributed to the dollar's short-term pullback after declines in "new orders" and "prices" in March, resulting in a moderate headline reading of 51.4. There is significant Fed speak today, with Jerome Powell standing out.
OANDA:GBPCHF ATTEMPTS TO FIND RESISTANCE AS THE PAIR RECOVERS FROM OVERBOUGHT TERRITORY
Now that the Swiss National Bank (SNB) surprised markets with a 25 basis point cut in March, the Swiss Franc appears vulnerable. However, since the SNB meeting, GBP/CHF has failed to trade above the March 21st high, witnessing long upper wicks which ultimately fell short of the mark.
The pair also attempts to recover from overbought territory and so there may be room for a shorter-term pullback should bears pile in from here. The gold overlay is the yield differential for the pair (GB 10 year bond yield -Swiss 10 year yield) and has helped, to some degree, explain the path of the pair.
Support sits at the recent swing low around 1.1345 with resistance at 1.1487.
GBPCHF approaches 1.1245A major risk to the market view appeared when the SNB Chairman mentioned that the greatest risk to the inflation outlook is a weak Swiss Franc. His comments immediately saw the currency strengthen. GBP/CHF approaches 1.1245 with the potential to test the 200 SMA. The blue 50 SMA appears as dynamic resistance.
GBPCHF I Approaching strong weekly reversal pointWelcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBP/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
It makes sense for us to go long on GBP/CHF right now from the support line below with the target of 1.142 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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