GBPCHF
10th of October 2023 Here is the watchlist for today:
CHFJPY H1 there is a possible BAL forming aswel as a trendline, with a lower trendline that may hold price up on m30.
EURJPY M30 there is a 123 formed around the lower demand zone, be very conservative with this one.
GBPCHF H1 there is a 123 formed, i would wait for a break above 1.11.
The special case today is audnzd, i feel the bel doesnt have a strong enough impulse before the pattern, there is also a possible channel forming on H4 where the upperbound may hold price down.
Happy hunting.
GBPCHF - 4hrs ( Sell Trade x2 Entry's / Tp Range 200 : 400 PIP )Pair Name : GBP/CHF
🗨Time Frame : 4hrs Chart / Close
➕Scale Type : Large Scale
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🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
✔️ Key Technical / Direction ( ❗️ Short After Break Out )
Type : Mid Term Swing
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Bearish Break
1.10600 area
Reasons
🔰- Major Turn level
🔰- visible Range Lvn
🔰- Visible Range Poc Break
🔰- Choch Break Out
🔰- inner Trend Break Out
🔰- Month low / Quarter Low
Bullish Reversal
1.09000 Area
Reasons
🔰- Major Turn level
🔰- Visible Range Lvn
🔰- Liquidity Zone
🔰- Pattern Target
🔰- Fibo Golden Zone
Major Reversal
1.05600 area
Reasons
🔰- Weekly Choch Area
🔰- Full PAttern Target / Choch
🔰- Major Fibo Cluster Area
🔰- Major Quarter's Area
🔰- Ultra High Volume
GBPCHF - Are we seeing a shift in market momentum?Analysis:
Bullish Confluences
Emerging bullish momentum forming
Failing to break below recent lows
New recent highs are being broken
Retest of a key support level
61.8% fib retracement level lines up with our area
Touching a longer term and short term upwards trendline
Broadening ascending channel present (blue lines)
Longer term bullish pennant pattern present (red lines)
GBP is the 2nd strongest major currency whereas the CHF is the 3rd weakest major currency
8K long position increase for the GBP
1K short position decrease for the GBP
1K short position increase for the CHF
Bearish Confluences
Longer term downwards trend
Recent rejection from downwards trendline
2K long position increase for the CHF
Stay Safe - The JPI Team
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Daily Wave Rider - GBPCHF - SELLGBPCHF
Channel: RED
WK Pivot: RED
AOB: EMA10
CON: SBB
SELL Stop: 1.11038
Stop Loss: 1.11469
TP01: 1.10607
TP02: 1.09745
DWR present as a sell setup on 9 OCT, with Channel and Pivot are red bouncing off EMA10
However, trade is not taken/considered as it is Monday which is normally correction day and market is unpredictable
SPX500: BUY
DXY: SELL
OIL: BUY
GOLD: BUY
GBPCHF Long Term Buying Trading IdeaHello Traders
In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPCHF, calm before the storm?GBPCHF / 1D
Hello traders, welcome back to another market breakdown.
GBPCHF has been trading inside a trading range. However, the bulls started having good signal bars that can lead to a breakout above this consolidation I'll be watching to get in before the breakout happen.
Trade safely,
Trader Leo.
GBPCHFObserving GBPCHF's current price action, there's a discernible pattern hinting at a potential ascent towards a new higher high. The outcome beyond this juncture remains intriguing – the currency pair could opt for a sustained upward trajectory, leveraging the momentum, or opt for a temporary consolidation, strategically recalibrating before charting its subsequent course. In the dynamic realm of financial markets, such junctures often present opportunities for strategic positioning, reflecting the interplay of market forces and sentiment. As we navigate these waters, staying attuned to the market's nuanced cues becomes paramount.
gbpchf h4 short from S/R TP +150 pips🔸Hello traders, let's review the 4 hour chart for GBPCHF today. Recently price was locked
inside distribution trading range and subsequently it broke down below key s/r level near
1250 and hit 1050. Expecting limited upside and reversal off the premium prices overhead.
🔸Short-term expecting final pump into overhead resistance / premium prices near
1200/1220, risk/reward shifts in bears favor once we trigger premium prices overhead.
🔸Recommended strategy for GBPCHF bears: wait for the short-term pump into resistance
and short-sell from overhead resistance near 1200/1220 SL 40 pips TP1 +75 TP2 +150 pips.
final TP/exit bears is at 1080, which is premium price near range lows of the recent range.
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GBPCHF: No short over 1.1050 (would have updates)Hello traders,
We don't long before breaks of trendline and we don't short over 1.1050
Wait for setups after the break! In this post, updates would be included.
Levels calculated order_block, regarding support and resistances, channel and pivot points.
Daily Wave Rider - GBPCHF - SELLGBPCHF
Channel: RED
WK Pivot: RED
AOB: EMA10
CON: IB
SELL Stop: 1.10826
Stop Loss: 1.11263
TP01: 1.10389
TP02: 1.09515
DWR present as a sell setup on 25SEP, with Channel and Pivot are red bouncing of EMA10
However, trade is not taken/considered as it is Monday which is normally correction day and market is unpredictable
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: SELL
GBPCHF: Forecast & Technical Analysis
The strict beauty of the chart is a reflection of the fierce eternal battle between the bulls and bears and right now I can clearly see that the bulls are taking over so we will bend to the will of the crowd and buy too.
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Daily Wave Rider - GPBCHF - SELLGPBCHF
Channel: RED
WK Pivot: RED
AOB: WP
CON: SBB
SELL Stop: 1.10668
Stop Loss: 1.11707
TP01: 1.09629
TP02: 1.07551
DWR present as a sell setup on 22SEP, with Channel and Pivot are red bouncing of weekly pivot
However, trade is not taken/considered as it differs from our Market Analysis Bias.
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: BUY
GBPCHF Mostly Traded in Sideways: range of 1.1500 – 1.1000The pair is trading along an sideways trend.
The downtrend may be expected to continue in case the market drops below support level 1.1000.
Alternative scenario: An uptrend will start as soon, as the pair rises above resistance level 1.1500, which will be followed by moving up to resistance level 1.2100.