GBPCHF - Daily Trade Idea - 1-Feb-23GBPCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
GBPCHF
GBPCHF ShortsMonthly/Weekly -Bearish
Currently, we are in a big consolidation but it doesn't mean it is not tradable
On a 4H timeframe, we are bearish right now after the break and now I am looking for a retracement on the 1.13500 area
Then, wait for entry pattern (30M engulfing or strong rejection) . If the entry pattern didn't appear, it means I didn't take it
TARGET PROFIT : 1.12750
GBP/CHF 4H Bullish Trend, Long Opportunity 🦐The market trend for GBP/CHF on the 4H chart appears to be bullish, with the price action showing a series of higher highs and higher lows.
This pattern is a positive indication for buyers in the market. The recent test of resistance and subsequent move towards the 50% Fibonacci level adds further confirmation of the bullish sentiment.
How can i approach this scenario?
If the price can break above the resistance, it could provide a potential opportunity for traders to enter the market with a long order according to the Plancton's strategy rules.
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Follow the Shrimp 🦐
Keep in mind.
🟣 Purple structure -> Monthly structure.
🔴 Red structure -> Weekly structure.
🔵 Blue structure -> Daily structure.
🟡 Yellow structure -> 4h structure.
⚫️ Black structure -> <4h structure.
GBPCHF BUYPRICE taking support on trendline which is a good and clear direction bullish move in future. for good impulsive move we all know a little correction is compulsory but here price fails to make correction straight going up when it comes near to trendline so again if price touches the trendline we may take trade with small SL. here remember one thing near trendlline price should respect the previous zone
GBPCHF SHORT AROUND 1.1545GBPCHF has been moving upwards however correctively and inside a reversal channel.. looking forward to seeing this pair approach 1.1545 and getting an impulsive rejection from the top from where i will be trading the first flag after the impulse if it so comes, otherwise a break to the top will see me staying on the sidelines, unless it breaks impulsively outside and then comes back below the double top area impulsively again to further create a trend continuation pattern.
GBPCHF - Daily Trade Idea - 30-Jan-23GBPCHF (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
Watching GBPCHF 19 Jan 2023Slowly building up for a breakout to the upside.
If this continues, we should see the bearish candles get smaller, the sequence of higher lows continue and the 20EMA start to hold price above it.
Patience is required.
Always use sound money and risk management and stay patient in all your trades.
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GBPJPY I Short until resistance brokenWelcome back! Let me know your thoughts in the comments!
**GBPJPY Analysis - Listen to video!
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