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Gbpchfanalysis

GBPCHF SELL LONGThe British Pound vs. Swiss Franc cross is a lower volatility pair that is tempered by the currencies' economic and geographic proximity. The British Pound is one of the premier reserve currencies and represents the world's largest financial center. In turn, the Swiss Franc is used as a reserve currency around the world and is currently ranked rarely 5th or 6th in value held as reserves after the United States dollar, the euro, the Japanese yen, the pound sterling and the Canadian dollar.
Short
by Verifiedtrader07
Update On GBPCHF BUY Position STOPPED OUT :( :(Yesterday's CPI data in the US was like a bomb in the markets things went a little crazy during the US session after the news this resulted in my short term trade idea on the GBPCHF which triggered yesterday to get stopped out it happens this is trading :) I still believe that we will get a correction up towards 1.13 though we have now broke the 2020 low and you have to go away back to the 1970's to were price was at these kind of levels before entering the market again I will want to see a 4hr or daily close back above 1.11 with mmy indicator giving me a BUY signal on either of these timeframes this will give me confidence to buy this pair again. The Swiss Franc is very strong across the board at present as it is a safe haven in times like this as we can see markets are very very fundamentally driven right now and technicals are not working as they should it is best to stick to the higher timeframe charts to get a better picture of were the markets will go next.
Long
by TheFxAce
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