TWO REASONS TO SELL GBPCHFTWO REASONS TO SELL GBPCHF
1. Price hit the daily resistance level
2. Formation of the rising wedge on 4H
To short with confirmation and confidence wait for the breakout of the wedge and sell on a retest.
Once the price breaks to the upside then we will look for another setup.
What is your idea on GBPCHF? Bullish or Bearish?
Gbpchfanalysis
GBPCHF ANALYSISGBPCHF is once again testing the resitance of 1.2800, this uptrend has been going for quie a while and its approaching the resistance. If we do close below we can look for opportunities of breaking this uptrend and starting a move to the downside and testing the support at 1.2600, If however we close above the resistance we can look for opportunities of testing the resistance at 1.295. As always be reactive of the market and enter as the market decides where he wants to take the pair.
GBPCHF Bearish Idea A few weeks ago I shared a bullish analysis on this pair, we observed strong bullish moves afterwards!
Today I'd like to share a bearish analysis on the same pair, even though there's a great analysis price pushing even higher but we still have a chance for bearish moves as well!
Any bearish pattern on the lower timeframe (H1 & H4) will be a clear indication for southward movement on this pair!
GBPCHF, 4hr tf, bearish flag patternHello guys,
It has been 2 weeks since my last post in tradingview.
I haven't found any interesting setup so I don't post anything.
Today i finally found an interesting trade to share with you all so i will share it.
As you can see, GBPCHF right now hovering at 61.8 fibonacci retracement of recent swing low. It looks like a bearish flag to me and we might get another swing to the downside.
For this pair, our position gonna be sell.
Sell GBPCHF 1.2670
Stop loss 1.2730
Take profit 1.2390 (4.67R)
Use only 1-2% risk
Good luck
HEY! ARE YOU READY FOR A SWING TRADE ON GBPCHF?After a long-ranging market in the weekly time frame, finally, the price broke out of the weekly trading range. Last week we saw a very nice retest of the previous support with the market trading in the rising channel in the lower time frame.
The breakout of the channel confirms a very nice swing trade opportunity where our major goal will be the 1.22600 level.
What are your thoughts?
GBPCHF top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCHFHello Friends, As we can see price is moving inside parallel Ascending channel . Approaching on strong Channel support area . I am Expecting once again long opportunity but we need to see some confirmations. On lower time frame I will Wait for bullish price actions as well as counter line breakout.
GbpChf- Double top in place?Since the beginning of the month, GbpChf has risen nicely and has reached 1.28 resistance.
However, the pair looks like has carved a double top on our chart and is ready to fall.
At this moment GbpChf is sitting on the trend line support and a break here could accelerate losses.
Bearish scenario is intact under 1.28
GBPCHF [H4] The price has close to the important resistance ✅✅GBPCHF The price has moved up close to the important resistance level
because at this point the resistance is hit and falls often,
so this time, if the price crashes, it is expected that the price will fall again. time
Key resistance around 1.280XX - 1.283XX (Sell Position)
SL above resistance or based on risk tolerance
Goodluck Trader
Ton Trader | Tamjai Trader
🎁🎁🎁🎁🎁🎁🎁
GBPCHF TO CONTINUE BULLISHWith the current momentum of this market, we are safe to say that there are bullish sides to this pair.
We could see a pullback before this uptrend continues. The level of 1.27000 is keen to our eyes as we'll watch how price reacts to this level.
Targets would be a new high along this trend. Trade the trend with us. Trade Safe.