GBPCHF Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring GBPCHF for a selling opportunity around 1.13600 zone, GBPCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 1.136 support and resistance zone, We would consider some potential CHF longs as it's considered a safe haven currency in this type of environment.
Trade safe, Joe.
GBPCHF
GBPCHF, Surprise bar. GBPCHF / 1D
Hello traders, welcome back to another market breakdown.
GBPCHF has made a lower high and shifted the structure from bearish to bullish. I'll be expecting more higher prices to see.
Checkout the chart for a low risk entry suggestion based on invalidation.
Trade safely,
Trader Leo.
GBPCHF to turnaround at 61.8% retracement?GBPCHF - Intraday
Buying pressure from 1.1108 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Although this gives the medium term bias a mild bullish edge, we expect intraday trading to continue to be mixed and volatile.
Preferred trade is to sell into rallies.
Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.1270, resulting in improved risk/reward.
We look to Sell at 1.1255 (stop at 1.1295)
Our profit targets will be 1.1150 and 1.1130
Resistance: 1.1250 / 1.1315 / 1.1415
Support: 1.1150 / 1.1080 / 1.0990
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GBPCHF BEARISH SWING ENTRY 📉The pair has made a pushback to the upper side of the ichimoku cloud but has also retested the 200MA. On the fundamentals side, the SNB is doing way better than the BOE benefiting more to the Swiss currency. For these reasons I am going short on the pair with a target at 1.09524 .
GBPCHF CHART ANALYSIS POSTED ON SUNDAY 30 APRIL 2023GBPCHF CHART ANALYSIS!!!
Let's see how this pair will perform based on the analysis.
Make sure you do your research and based on your confluence please look for the entry.
Don't rush your trades without any confirmation.
Trade safe and use always proper risk management.
GBPCHF – may break out above the range – the week of 01 May 202If you zoom out on the daily chart, you can see the potential for this pair to go much higher. Looking at recent price action on the zoomed in view, we can see it has been in a range between 1.510 and 1.105. After 3 bullish days, it looks likely that the bullish PA will continue with the 1st target to the top of the range. We can anticipate stalling in the 1.140 area, but IMO achieving 1.1510 should not be too difficult.
I will be targeting the range top, taking some profit and reviewing if 1.200 region looks possible to achieve. Stop can be located below the support located at 1.105. It will be prudent to allow the market to settle down next week and look for bullish evidence on a lower time frame before committing to a position.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
✅TS ❕ GBPCHF: broke up the channel✅✅ GBP/CHF came out of the descending channel.
The chart is moving in an uptrend.
The price will continue to rise. ✅
🚀 BUY scenario: long to 1.1288 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GBPCHF Top down AnalysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCHF - 4hrs ( Sell Trader Target Range 180 PIP ) 💲Pair Name :GBP/CHF
🗨Time Frame : Daily
➕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 )
Type : Mid Term Swing
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🔰Bearish Break
1.10800 Area
Reasons
🔘- Major Turn level Value
🔘- Pattern Break
🔘- D R Area
🔘- Fixed Range Poc
🔘- Prev D L / WL
🔰Bullish Reversal
1.08750 Area
Reasons
🔘- Major Turn level
🔘- Pattern Target
🔘- Fibo Golden
🔘- 2 Quarter low
GBP/CHF BULLS WILL DOMINATE THE MARKET|LONG
Hello,Friends!
We are targeting the 1.118 level area with our long trade on GBP/CHF which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
✅TS ❕ GBPCHF: downward channel✅✅ GBPCHF is moving in a downward channel.
The chart retains the downward structure.
The price will continue to decline. ✅
🚀 SELL scenario: short to 1.10059 🚀
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Remember, there is no place for luck in trading - only strategy!
Thanks for the likes and comments.
GBP/CHF Rebounds After Dip, Potential for Upside Momentum.The Friday trading session witnessed a downward trend in the GBP/CHF pair, however, from the early North American session onwards, the pair showed a tendency to reverse course and recover some of its earlier losses. On the technical front, the analysis reveals a rebound following the profit-taking event after a recent Double Top formation. There is a possibility of the price gaining new upside momentum and returning to the 1.1300 area.