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GBPCHF

GBP/CHF:Bank of England Holds Emergency Talks Over Credit SuisseAccording to a report by the Telegraph, the Bank of England has been engaged in emergency talks with international counterparts as concerns continue to escalate over the deteriorating situation at Swiss bank, Credit Suisse Group AG (CSGN.S). The bank has been experiencing significant financial struggles in recent times, leading to uncertainty and instability in the wider financial markets. As one of the largest and most influential financial institutions in Switzerland, Credit Suisse Group AG plays a significant role in the global financial system. Given the bank's current financial predicament, many experts are worried about the potential ripple effects that could be felt throughout the international financial landscape. As a result, the Bank of England has been closely monitoring the situation and working closely with other central banks and financial regulators to develop a coordinated response. The goal of these emergency talks is to identify potential risks and vulnerabilities in the global financial system and to develop appropriate measures to mitigate these risks. Overall, the situation at Credit Suisse Group AG has raised concerns about the broader health of the global financial system, and many experts are closely watching developments in the coming days and weeks to assess the potential impact on markets and the wider economy.
Long
by FOREXN1
1
Buying $GBPCHF hereTrade type AAA Reasons for taking this trade: Trade hit weekly demand and created the first OB that mitigated the first supply zone After hitting weekly demand it created an OB and since liquidity lies below OBs and the price had nit hit daily OB it had to retrace back and clear liquidity below OB. Then the trade retraced to and near first supply zone in which after that it created equal highs and lows which were cleared using the exgf move After clearing equal highs and lows the pair went down to create TWO OBS - one with a Higher high and this where we got our entry, Target is the daily demand. Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐 I usually use trade types to determine the amount of risk to use: In AAA - 1, 1.5 and 2% In BBB - 0.5% IN CCC - 0.25%
Long
by Sherman_Trades
GBPCHF - Multi Time Frame ( Sell Trade Target Range 400 PIP ) 💲Pair Name : GBP/CHF 🗨Time Frame : 4hrs / Daily / Weekly ➕Scale Type : Large Scale ------ 🗒 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 ——————————— 🔰Bearish Break 1.10300 Area Reasons 🔘- Major / M Turn level 🔘- Visibe Range Lvn / 4hrs 🔘- Pattern Break Out 🔘- M / low / W Low Area 🔘- Visible Range Value / D 🔘- Weekly Hvn / Visible Range Area 🔘- Fibo Golden Area 🔘- Fixed Range / W 🔰Bullish Reversal Area 1.06250 Reasons 🔘- Major Turn level 🔘- Visible Range Lvn / W 🔘- Major Channel middle Band 🔘- Fibo Golden 🔘- AB = CD Pattern Target
Short
by GoldenEngine
1
EURCHF I Best zones to trade this week!Welcome back! Let me know your thoughts in the comments! ** EURCHF 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
32
CADCHF Update I Potential bounce from pandemic lowWelcome back! Let me know your thoughts in the comments! ** CADCHF 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy