gbpchf long setupgbpchf have a nice support zone near and it looks like there is a good chance to have a good long position. I think the demand zone up ahead which I mark as target is used and cannot suppress the price.
⚠️ Notice:
I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
Good luck ❤️
GBPCHF
GBPCHF to the moon? Highy probableAfter price tapped into higher timeframe POI, it gave us a shift of market structure on the inner trend which could be the beginning of its expansion to the upside. Price preceded to break further structure and has now retraced back to fill in the fvg formed during its move. It has now formed liquidity above our POI that it could use to fuel its expansion to the upside
GBPCHF Potential DownsidesHey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.127 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 1.127 support and resistance zone. We would consider some potential CHF longs as it's considered a safe haven currency.
Trade safe, Joe.
GBPCHF looking good for buyers!!!!Price has been nicely printing higher highs and higher lows breaking structure to the upside. Now we are having a retracement to the downside mitigating our demand zone, therefore we will be expecting a reversal to the upside.
*Awaiting Buying confirmations
All the best!!!
GBPCHF - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: After the change of character here, we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: Tomorrow we have news on GBP, will be released monthly GDP. Pay attention to the result in order to validate the analysis.
Like, comment and subscribe to be in touch with my content!
GBPCHF meeting strong Resistance at 1.18Currently short
Strategy Leg Trade
GBPCHF making currently LH LL
POC is heavy resistance
The VP of today(10May2023) is D-Shape leaning bearish
IF BREAKING 1,08756 it can go to 1,05945
There may retrace
If Breaking throuh ,then it can Fall to 1,01875
Low Volume are:
Big Probabilitiy that we will have Big retracement there
as Buyers on Sept. 26,2022 PUSHED the market higher,
Agressive Buyers will defend this zone whatever it takes
If breaking above 1,18,then it can go to 1,29
For Counter Trades
1,00-1,03 Buy Possibility wit a taret to 1,15
1,29 Sell Possibility Target 1,18-1,20
Use always stops.
GBPCHF Next MovePair : GBPCHF ( British Pound / Swiss France )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Lower Trend Line
Break of Structure
Divergence
Completed " ABC " Corrective Wave
Symmetrical Triangle in STF need to wait until its Breaks UTL or LTL
Impulse Correction
GBPCHF Will Go Up From Support! Long!
Take a look at our analysis for GBPCHF.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.124.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.132 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 - Looking For Sell Setups ⬇️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPCHF is stuck inside a range in the shape of a symmetrical triangle so we have been trading the range as per my last three analysis (attached on the chart)
After rejecting the lower bound / orange trendline, GBPCHF is now approaching the upper orange trendline.
Now GBPCHF is approaching the upper trendline, so we will be looking for sell setups.
Moreover, the blue zone is a strong resistance.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline. (acting as non-horizontal resistance)
As per my trading style:
As GBPCHF is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top 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
1:26 on GBPCHFThe price action that is present has presented us data analysts with an opportunity to short this instrument to the downside for about 60 or so pips.
I am looking at a limit order at the position that I called out.
I am only risking .05% on my setups right now.
All setups have double digit risk to reward so it will all be worth it in the end.
These setups that I have been analyzing have been helping me to not overtrade in the market.
Happy trading traders!
I'll see you all at the top!
GBPCHF - Bearish Trend - ShortBased on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs).
Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present.
I recommend taking a short trade with a risk/reward ratio of 1:1.
Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
GBPCHF: Expecting Bullish Movement! Here is Why:
Balance of buyers and sellers on the GBPCHF pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair.
❤️ Please, support our work with like & comment! ❤️
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.