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Gbpchfanalysis

GBPCHF uptrend setupprice direction: UPTREND potential target price: 1.2023 **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Long
by GWBFX
2
GBPCHF | perspective for the new weekHopes of Brexit deal wanes again; GBPCHF sinking back towards lows as it finds a haven for selling pressure around Fr1.20300. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Harmonic (AB = CD) Observation: i. Since completion of Double Top pattern in late Nov. 2020, price continues to risk further decline. ii. Previous safe haven for Buyers was finally broken last week as price tested Fr1.19100 before making a corrective move. iii. As price touches 50% retracement of AB leg, a possible Harmonic pattern AB = CD appears to metamorphosize in the coming week(s). iv. AB = CD pattern shall guide me through the path price action takes in the coming week. ii. ABCD pattern parameters explained below; a. Impulse A-to-B will be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 50% currently (with a possible 61.8 or 78.6% in the future)Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:3 Potential Duration: 1 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
GBPCHF Might Make A Turn Soon!!! BULLISH retracement...This is a follow up on our previous analysis. From our previous analysis, we managed to sell from the top with a perfect profit. As of now, I am seeing price heading to 61.8 fib level. This will be an interesting level to see a BULLISH retracement after the fall. I will expect to see a retracement movement till 38.2 fib level as of now. If we see a clean rejection off that level BEARISH will continue from there. As of now, trade the short term BULLISH opportunity!! Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Long
by YGForex
GBPCHF SHORT - PRICE HAS REACHED DAILY LEVELPrice has reached key daily level and is moving very correctively on the H4 timeframe showing signs of weakness and a potential reversal and a swing to the downside is becoming more probable. Price has tried to break through this level 2 times before and is now on its 3rd attempt, so if we see price hold we can expect to see a bearish swing to the daily level below which was resistance but will now be acting as support. Comment below what you think will happen to GBPCHF
Short
by mikoaodu
GBPCHF downtrend setupprice direction: DOWNTREND potential target price: 1.2090 **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
GBPCHF Reaching A Level Of Strong Resistance!!!Currently, we managed to see GBPCHF moving towards a level of great resistance where we saw multiple rejections. After moving to this area, I will expect a BEARISH retracement back to 23.6 fib level also where a support level lies @1.2120. This will be an important level to lookout for if there are still BULLISH strength to this pair as a potential rejection from there could potentially means more to the upside and a breakout of 1.2192 resistance level. As of now, I see a great short opportunity to the support level at the same time observing for a breakout of the support to hold my trade to the next support level @1.9120. Do remember to watch out for potential rejection at 1.2120 if you plan to TP at a lower price. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
4