GBPCHF Potential DownsidesHey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.10400 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.10400 support and resistance area.
Trade safe, Joe.
GBPCHF
GBPCHFGBPCHF exhausting at the horizontal resistance. Pair is moving in just one direction. After a great impulsive move we have seen a little correction this time it has created a double top structure with a significant bullish divergence( at lower TF) near the solid resistance zone and two to three times pair just respect the mentioned support and move upward. Again it hits the same zone and moving towards the horizontal support.
GBPCHF Is Going Up! Buy!
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 trading around a solid horizontal structure 1.102.
The above observations make me that the market will inevitably achieve 1.106 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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GBPCHFGBPCHF is in a correction period. There is a chance that the price will test the support 1.10187 if the price can remain at this level. It is expected that there will be a chance that the price will rebound. Consider buying a red zone.
>>GooD Luck 😊
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GBPCHF Trading Opportunity! BUY!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The price is coiling around a solid key level - 1.1037
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 1.1071
Safe Stop Loss - 1.1019
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
GBPCHF: Expecting Bearish Movement! Here is Why:
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPCHF pair which is likely to be pushed down by the bears so we will sell!
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GBPCHF: Short Trading Opportunity
GBPCHF
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short GBPCHF
Entry Point - 1.1111
Stop Loss - 1.1137
Take Profit - 1.1059
Our Risk - 1%
Start protection of your profits from lower levels
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The continuation of the bullish market??Sideway patternGreetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
GBPCHFPair : GBPCHF ( British Pound / U.S Dollar )
Description :
Completed Impulsive Waves " 12345 " and Corrective Waves " ABC " creating Double Top Pattern in Long Time Frame at the Daily Strong Resistance Level. Bullish Channel as an Corrective Pattern in Short Time Frame
Entry Precautions :
Wait for the Breakout or Rejection
GBPCHF H4 | Bullish bounce off 38.2% fibo?Price could fall to our buy entry at 1.1086, which is a pullback support level, aligning with the 61.8% fibo projection and 38.2% fibo retracement. Our stop loss is at 1.1053, which is below the swing low support level. Take profit is at 1.1126, which is a multi-swing high resistance level.
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GBPCHF Is Bearish! Sell!
Here is our detailed technical review for GBPCHF.
Time Frame: 4h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 1.110.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.105 level soon.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPCHF - AMD Pattern ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: As we can see here price is in a range for the last 3 weeks it means accumulation phase, I expect price to manipulate buy side liquidity and then to distribute lower.
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GBPCHFGBPCHF is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is also the healthy retracement and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH
What you guys think of this idea ?
Gchf could be looking at some more downside if...if the break of 1.10 is there for real, more downside will be coming in i believe.
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Completed zigzag pattern! Or a wave left to the bottom!Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
GBPCHF: Pullback From Key Level 🇬🇧🇨🇭
GBPCHF looks bullish after a test of a key horizontal support.
After a false break of structure, we see a local bullish imbalance
with a consequent breakout of a resistance line of a tiny falling channel.
We may anticipate a further growth now.
Goals: 1.1042 / 1.1063
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Buy @GBPCHF (long position) UK Pound Sterling/Swiss Franc FX Cross Rate
British Pound Sterling Swiss Franc traded at 1.10185 this Thursday November 16th, decreasing 0.00070 or 0.07 percent since the previous trading session. Looking back, over the last four weeks, GBPCHF lost 0.52 percent. Over the last 12 months, its price fell by 2.38 percent. Looking ahead, we forecast British Pound Sterling Swiss Franc to be priced at 1.10484 by the end of this quarter and at 1.10054 in one year, according to Trading Economics global macro models projections and analysts expectations.
GBPCHF Momentum PlayBack in October, I managed to capitalized on the initial range breakout. Another momentum play has been observed based on the price action detailed below.
Price forms a lower high, which also indicates that we're likely seeing a price ceiling.
Momentum picks up towards the downside on the neckline break.
The range era has come to an end as price breaches below the lower boundary and successfully holds below it.
Very surprising v-shaped recovery, but new range has formed.
This is a very interesting break below the lower range boundary. Not only does price holds below this boundary, it also signifies that the v-shaped recovery is rather shortlived.