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GBPCHF

#GBPCHF 1DAYGBP/CHF Daily Chart Analysis Resistance Level: 1.11300 On the daily chart for GBP/CHF, the current resistance level is established at 1.11300. This level represents a significant barrier where selling pressure has historically emerged, preventing the price from advancing further. Traders should pay close attention to this level, as a failure to break through could result in a reversal or consolidation. Target Level: 1.08700 The target level for this analysis is set at 1.08700. This level is identified as a potential support or price target, where the market may experience buying interest or find a floor. If the price declines towards this level, it could indicate a possible area of accumulation or a reversal point, providing an opportunity for traders to adjust their strategies accordingly. Summary In summary, GBP/CHF is currently facing resistance at 1.11300, which could cap the upside potential in the short term. If the price struggles to breach this resistance, the market may head towards the target level of 1.08700, where support could emerge. Traders should monitor price action around these levels to gauge potential market movements and adjust their positions accordingly.
Short
by PIPSFIGHTER
3
GBPCHF short - are these reasons enough? Do you also see what I am seeing? 1. Rejection of price in the 1.120 region. 2. A down trend that retraced about 50% but may now be resuming. 3. A series of lower highs 4. Solid support at 1.1230 now becoming resistance. 5. Price below 20 ema on the daily as well as H4 time frames. I don't know what you guys think, but I don't need any more reasons to go short. I will be looking for a suitable entry location of a lower time frame. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
GBPCHF Will Move Higher! Buy! Please, check our technical outlook for GBPCHF. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.114. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.121 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPCHF - 4hrs ( Sell Trade Target Range 200 PIP ) Pair Name : GBP/CHF Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t 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 1.11200 Reasons - Major Turn level / D - Head & Shoulder Break - Fixed Range Hvn - inner Choch Zone - FIbo Golden Break Bullish Reversal 1.08650 Area reasons - Major Turn level / D - Pattern Target - Visible Range Lvn - Quarters Area
Short
by GoldenEngine
1
1:10 RR Sell Setup for GBPCHF Core Analysis Method: Smart Money Concepts Based on the Smart Money Concepts methodology, the following analysis has been conducted: 😇 7 Dimension Analysis Time Frame: H4 Swing Structure: The current swing structure is bearish with a perfect Break of Structure (BOS). Inducement has been taken, and the corrective swing move is almost complete. A Breaker Block (BB) Point of Interest (POI) area shows weakness in the internal structure, making it a critical zone. The POI BB & Fair Value Gap (FVG) are identified at the initial level of the Premier zone of the impulsive swing. Support: The previous support has now become resistance after the breakout, making this area a key Change in Polarization (CIP). Pattern: 🟢 Chart Patterns: No significant chart patterns have formed to support this move yet. However, it’s important to wait and observe what happens when the price reaches the level. 🟢 Candle Patterns: The "Inside: Narrow Range 4" pattern is intact. The breakout from this pattern will determine the next short or initial move. Volume: 🟢 Significant volume was observed at the lowest level of the swing, but there was no volume during the corrective move. This lack of volume indicates a lack of interest from bulls in the current move. Most players are still interested in selling, as the bearish trend remains strong. Momentum RSI: 🟢 The market is currently in a bearish to sideways zone. There is no sign of a range shift, but the RSI line has taken resistance at the 60 level multiple times, indicating selling momentum is still present. Volatility Bollinger Bands: 🟢 Contraction is fully in form, and after the breakout, the next move in volatility will be decided. Given the current bearish trend, another volatile bearish move is expected. Strength ADX: The ADX is currently neutral, indicating no clear strength dominance from either bulls or bears at this moment. Rating: ⭐⭐⭐ This setup is rated as a 50/50 probability due to the neutral ADX and lack of supporting chart patterns, indicating a balanced risk. ✔️ Entry Time Frame: H4 ✅ Entry TF Structure: Bearish ☑️ POI: Breaker Block 💡 Decision: Sell limit 🚀 Entry: 1.1172 ✋ Stop loss: 1.1240 🎯 Take profit: 1.0507 😊 Risk to reward Ratio: 10 RR 🕛 Expected Duration: 10 days SUMMARY: This analysis suggests a cautious bearish setup with an entry at 1.1172, a stop loss at 1.1240, and a take profit target at 1.0507. The risk-to-reward ratio is 10:1, and the expected duration for the trade is around 10 days. The lack of volume during the corrective move, resistance at the RSI level, and intact Narrow Range pattern suggest a probable continuation of the bearish trend. However, the setup carries a balanced risk due to the neutral ADX and lack of clear supporting patterns. Monitoring the price action as it reaches the POI is crucial for confirming the trade's viability.
Short
by Optimum369
8