GBPCHF LONG SETUP H1 BEFORE GBP NEWSOn GBPCHF, we have a bearish setup with the price approaching the 1.1350 area where we have a breaker block, which represents a potential reversal zone for a long trade with a target at 1.1413, offering a 1:4 risk-reward ratio. Always remember to seek proper confirmations before entering a trade. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings from Nicola, CEO of Forex48 Trading Academy.
GBPCHF
GBPCHF - 4hrs ( Buy Trade Target Range 135 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 ( Long )
Type : Mid Term Swing
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☄️Bullish Break
1.14350 Area
Reasons
- Major Turn level
- Visible Range Lvn
- Choch Break Out
- Pattern Break
- Fixed Range Value
☄️Bearish Reversal
1.15700 Area
Reasons
- Major Turn level
- Visible Range / D lvn
- Daily Choch Area
- Fibo Golden
- Quarter's Area
GBPCHF Potential DownsidesHey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.14700 zone, GBPCHF is trading in a downwards and currently is in a correction phase in which it is approaching a significant daily resistance zone of 1.14700. Once bears are confirmed i would consider 1.13100 as a target as it's considered the next major support zone GBPCHF would be facing.
Trade safe, Joe.
GBP/CHF BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
The BB upper band is nearby so GBP-CHF is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.130.
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GBP/CHF BEST PLACE TO SELL FROM|SHORT
Hello,Friends!
Bearish trend on GBP/CHF, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 1.130.
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GBPCHF : Long Trade , 1hHello traders, we want to check the GBPCHF chart in the 1-hour time frame. The price has broken a downward channel and is moving in an upward channel. We expect the price to maintain its upward trend and reach the next key level, which is until the price grows around 1.14300. Good luck.
GBP/CHF is aiming to reach 1.20($$$)Hello Traders
GBP/CHF has broken Elliot triangle correction.
We expect another upward wave(wave C).
Our technical view has been shown in the chart.
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Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
GBPCHF - The Trend is Your Friend 😁Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPCHF has been overall bullish trading inside the rising channel in blue, and it is currently retesting the lower trendline.
Moreover, the zone 1.127 is a strong support.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue demand and lower blue trendline.
As per my trading style:
As GBPCHF is sitting around the purple 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: SELLS INCOMINGHello, everybody and welcome to BIGPAPA Forex, today we are going to be analyzing the GBPCHF pair, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities.
GBPCHF will go UP by Descending Triangle🚀GBPCHF has managed to form a Descending Triangle Pattern on the daily time frame.
After GBPCHF managed to break the 200-SMA , it was expected that the upper line of the descending triangle would break, and it did.
GBPCHF is completing a pullback to the upper line of the descending triangle , and I expect GBPCHF to start growing near the uptrend line and the 38.2% Fibonacci level .
🎯The GBPCHF target can at least continue to the upper limit of the 🔴heavy resistance zone( 1.178 CHF -1.153 CHF)🔴🎯.
🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
💱GBPCHF - False breakdown of D1, H&S formationGBPCHF is forming a downtrend. The price after a false breakdown of one of the key support levels is testing resistance. Remember the strategy of trading in the channel on a downtrend!)
TA on a high timeframe:
1) The price forms a false-break of the 1.14100 level.
2) Price consolidates below the level after the H&S divergence pattern is formed.
TA on a low timeframe:
1) The retest of the base of the reversal pattern is formed
2) At the same time the price tests the downtrend resistance
3) There is a chance that on the back of the downtrend the retest of the resistance will send the price down.
Key support📉: 1.13296
Key resistance📈: 1.13843, 1.14000
GBPCHF Will Go Higher From Support! Long!
Please, check our technical outlook for GBPCHF.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 1.140.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 1.152 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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GBPUSD-06/22/2023Preferred direction: BUY
Comment: Market participants are waiting for the decision of the Bank of England on the interest rate, that, according to analysts' forecasts, is likely to be increased. Today, the rate has already been raised in Switzerland, and most likely the UK will also continue to raise, as there are reasons for that. Technically, the instrument continues to move towards its target, which we indicated earlier at the level of 1.28484. We expect the price there.
Thank you for like and share your views!