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Gbpchfanalysis

BUY GBPCHF Below 1.112 to Target 1.13 ??This pair has just been grinding down towards the 2020 LOW at 1.112 it did get a slight bounce here from the open yesterday and is again aproaching this level wiith MACD divergence signal starting to occuring on the 4HR chart, we are also extremely oversold at this level I am expecting a nice reaction at this level again. I will wait for a signal to occur on my Price action indicator on the 30min or 1HR charts and then enter a long position to target the newly formed Daily SUPPLY/SELL zone which created the new low in the current trend. This can actually turn into a nice long term position though for now it is a short term trade idea
Long
by TheFxAce
GBPCHF Long Trade SetupA bullish opportunity recently presented itself on the pound-swissy trading chart. This follows from the bullish engulfing candlestick pattern which printed just above the 1.11000 psychological level. A stop loss below the 1.10500 psychological level and a profit target anywhere between your entry and the swing high of 1.17791 could give you a reward-to-risk ratio as high as 4 or even higher. Be sure to size your position based on your trading account balance and apply other risk management measures before placing trades. FX:GBPCHF Stay frosty! Your FX Plug
Long
by charles-okoukoni
GBPCHF: How Can The Price Develop Near 1.1300 ?GBPCHF: How Can The Price Develop Near 1.1300 ? Price is actually testing the lower part of a very strong support area. The possibilities are clear that if the support area will hold the price will increase again and it can reach the previous resistance zones or targets 1.1377, 1.1420 and the extended 1.1520 If the price will manage to break down below 1.1300 it will open the door for more downward movement. So on the bearish scenario the price can reach 1.1225 and 1.1170. So it is better to know these scenarios in advance before trading GBPCHF Thank you and Good Luck!
by KlejdiCuni
10
Best Area To SHORT GBPCHF ??SELL Idea on GBPCHF this is a trend continuation trade going with the Weekly charts. GBPCHF has been dropping heavy as of late and looks like it is targeting weekly price zone between 1.125 -1.11 which are actually 2 weekly lows from 2020 at the beginning of COVID we had huge buying reaction here before and the way the market is dropping I suspect it will target this area. However I don't simply want to enter the market at current price I would like it to retrace towards the 1.145 -1.153 area on the Daily charts as marked on the chart. This is the last swing high that caused a new low in the current trend so is a great area to look to sell again and offers great R/R. I will monitor price action on the lower timframes as price approaches this area and look for evidence of momentum slowing down or wait for a 1hr or 4hr SELL signal to appear on my custom indicator or MACD. Stop loss will be placed above the 1.153 high and target zone is marked on the charts. The market may well continue to drop and never retrace back to the area I would like to SELL which would invalidate my idea.
Short
by TheFxAce
Possible Short Term LONG on GBPCHFBUY trade idea on GBPCHF I have also posted a SELL idea on another thread. GBPCHF has been grinding down for a while now extremely oversold again yesterday it popped a new low below 1.13 which was last week's low and the retracing sharply back up towards 1.135. Price seems to be forming a bit of a support around 1.13 though zooming out to the weekly charts we can see a Weekly low/support from 2020 @ 1.125 so I suspect the market will try and test this. My idea for today is to look for a BUY signal using either my custom indictor or a MACD divergence signal on 15min or 30min chart as price approaches and goes below the 1.13 mark I have marked my trigger zone on the chart. I will want to put my stop loss down below the 2020 weekly low/support @ 1.121. Profit target will be between 1.145 - 1.15 using a trailing stop as the trade progresses. Breakeven target will be 30 - 40 pips closing 50% of the position and moving the stop to entry price. If no signal occurs on my indicator or on the MACD I will not enter this trade and a clean break and close below the 1.125 level will invalidate my idea.
Long
by TheFxAce
GBPCHF LONGFor a very long time, since 1993 GBPCHF is in down trend and it has created completed the 3rd wave on 1 august 2011. Till then its in a flat correction for the 4th wave of the circle. And for the 4th wave its forming ABC pattern while A & B of the ABC flat correction is also completed and moving for the C leg of the 4th Wave. Today is 15th August, and historically August is the bottom of the 3rd wave, so we expect long position for this pair. For this idea our invalidation level also marked. All the best!
Long
by KhalasMunafa
GBP still struggling? GBPCHF - Intraday - We look to Sell at 1.1574 (stop at 1.1610) We look to sell rallies. The medium term bias remains bearish. There is scope for mild buying at the open but gains should be limited. Expect trading to remain mixed and volatile. Our profit targets will be 1.1499 and 1.1390 Resistance: 1.1580 / 1.1711 / 1.1990 Support: 1.1500 / 1.1450 / 1.1300 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
Short
by OANDA
Jamie Gun2Head Idea - Buying GBPCHFTrade Idea: Buying GBPCHF Reasoning: At key support level, looking for a move higher in the channel Entry Level: 1.1526 Take Profit Level: 1.1710 Stop Loss: 1.1499 Risk/Reward: 6.81:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
Descending triangle formation GBPCHF for the week of 01 AugThis pair has been bearish since Apr 2021. Check out your weekly and monthly charts to see an even more strongly bearish picture. More recently, the pair has been consolidating within a descending triangle. A base has been formed at 1.1520 that has not been penetrated and in my opinion, this is likely to happen. We may see this consolidation continuing for several more days as sell orders accumulate but I believe a break of this level will occur with momentum and provide us with a good short trade. The next major support is located at 1.1250 and this will be my target. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. Please comment and share your own thoughts!! Always use sound money and risk management and stay patient in all your trades.
Short
by Trading_Vista
2