GBPCHF Downtrend Alert: Time to Sell?Good morning traders,
As anticipated, we observed a retracement in the GBPCHF pair. A rising wedge pattern has subsequently materialized, and a recent downside breakout confirms this formation. The prevailing market sentiment remains bearish. On the 1-hour timeframe, all moving averages are aligned with our perspective, and the majority are consistent on the 4-hour timeframe as well. With the 1-hour death cross still intact, our current strategy suggests maintaining a bearish position.
GBPCHF
GBP/CHF The Target Is UP! BUY!
My dear friends ,
My technical analysis for GBP/CHF is below:
The price is coiling around a solid key level - 1.11272
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.11914
Safe Stop Loss - 1.10902
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBPCHF Will Go Higher! Buy!
Take a look at our analysis for GBPCHF.
Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.111.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.114 level.
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: Will Keep Growing! The Next Goal is: 1.11400
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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GBPCHF Sell Alert: Bearish Signals Ignite Potential DropHello, Fellow Traders,
Following up on GBPCHF, our last position worked well thanks to the Falling Three Methods pattern. After that, we saw some back-and-forth, but as advised earlier, it could be a good time to get back in.
We've spotted a bearish pattern near the moving averages which typically signals a good time to sell. That said, we're also near a strong support level from a longer-term perspective, meaning the price might bounce back up.
If you see signs of a shift in the market trend, like a break through the moving averages, it might be wise to exit early to manage your risk.
Remember, informed decisions make for successful trades.
GBPCHF COULD BE A GOOD SELL Hello, Traders!
Presently, we're seeing a strong bearish tide in the overall market. Particularly noteworthy is the 'Falling Three Methods' pattern completion we've spotted on the 4-hour timeframe. This is a significant bearish signal, pointing to continued downward momentum.
We're also anticipating impactful GBP news in the next few hours. It's critical that you remain alert for swift price shifts and ensure you manage your positions in line with your account balance.
GBPCHF Potential DownsidesHey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.12250 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.12250 support and resistance area.
Trade safe, Joe.
GBP/CHF SHORT SETUP AFTER BOE NEWS I expect a strong Swiss Franc (CHF) against the British Pound (GBP) following recent events that have further weakened the US Dollar (USD). I anticipate a retracement to the 1.1130 level, where we have a Fibonacci retracement, and within that area, I will seek additional confirmation to enter a short position.
Furthermore, after the interest rate hike in the UK and statements from the Bank of England's President, we have an additional motivational factor to short the British Pound (GBP). Please let me know your thoughts on this analysis. Happy trading to everyone from Nicola, the CEO of Forex48 Trading Academy.
GBPCHF Potential DownsidesHey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.11150 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 1.11150 support and resistance zone.
Trade safe, Joe.
Strifor || USDCHF-08/03/2023Preferred direction: SELL
Comment: At the moment, one of the most promising trades in the foreign exchange market. At the level of 0.87757, two false breakouts were formed, which promises a fall to mid-term lows at the level of 0.85696. It should be noted that the level of 0.87757 is a daily level, that gives it the most important value (breaking level). The fall will most likely stop near the level of 0.87000, where the volume for pushing was formed earlier.
Thank you for like and share your views!
The truth of Market TrendGBPCHF BUY AND SELL LONG analaysis. as we can see market structure starting downtrend on DAILY, but breakout SELL on H4, so the next movement that i predict the price will retrace zone (1.1312 - 1.1205) before back to the top (1.4511-1.14843) and start major downtrend till price hit 1.109525
GBPCHF - 240 MINS TIME FRAME The Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
GBPCHF Will Go Higher From Support! Long!
Take a look at our analysis for GBPCHF.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.117.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.121 level.
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.
Like and subscribe and comment my ideas if you enjoy them!
GBPCHF : Long Trade , 4hHello traders, we want to check the chart of GBPCHF. The price has broken a descending channel and also a range zone to the top and then pulled back to the specified key zone. We expect this level to act as a support level and the price will go up. We expect the price to grow to around 1.12600. Good luck.
GBPCHF I Range trading strategy Welcome 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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GCHF - Check for trendline breakout to BUYHi All,
As my previous analysis, H1 is re-testing strong support zone.
Now we will wait until price breakout from trend line M15 to BUY
H1 time frame : Price is re-testing strong support area. We are expected price to continue to upside
JUST REMEMBER TO MANAGE YOUR CAPITAL WHILE TRADING. NO MATTER HOW PERFECT YOUR TRADING SYSTEM IS, THE WAY YOU MANAGE YOUR RISK IS THE KEY TO BE A CONSISTENT TRADER.
FX:GBPCHF OANDA:GBPCHF FOREXCOM:GBPCHF
GBPCHF Analysis 31July2023Last week there was a high enough movement to penetrate the sideways area that had occurred for 2 weeks. With the price that looks bullish and is currently trying to retest the support area (SR Flip) there is a high possibility the price to continue the bullish moment to the SND area
GBPCHF - 4hrs ( buy Trade Target Range 150 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
1.120000 Area
reasons
- Major Turn level / w
- Visible Range Hvn
- Visible range Value
- inner Channel break Out
- Fixed Range lvn
- Day / week High
Bearish Reversal
1.13500 Area
Reasons
- major Turn level / D
- Pattern Target
- inner Down Trend
- Visible range lvn
- Visible Range poc Area
- inner Choch Area .
GCHF - STRONG SUPPORT ZONE From H1 time frame, we can clearly see that price did breakout from multi bottom pattern.
Also price is crossing above EMA 200 => Buy momentum is identified.
Price is now re-testing this zone. We are expecting rejection to up side.
Let's monitor price action and look for buy opportunity.
JUST REMEMBER TO MANAGE YOUR CAPITAL WHILE TRADING. NO MATTER HOW PERFECT YOUR TRADING SYSTEM IS, THE WAY YOU MANAGE YOUR RISK IS THE KEY TO BE A CONSISTENT TRADER.
FX:GBPCHF OANDA:GBPCHF FOREXCOM:GBPCHF
GBPCHF: Bullish Outlook Explained 🇬🇧🇨🇭
GBPCHF formed an ascending triangle formation on a daily time frame.
Its neckline was broken on Friday and the market closed above that.
I will expect a bullish continuation on the pair.
Next resistance - 1.1225
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