Get started

Gbpchfanalysis

Time to short GBPCHF?GBPCHF has alligned perfectly for a correction here. We saw impulsive movements earlier in the month, which are now followed up by a corrective phase. As of now, we are bearish as GBPCHF rejects off the 61,8% fib level and is signaling a drop soon. Should we see price exit the rising wedge, we could safely enter, but for those interested in an aggressive entry method, like me, we go in now with a stop loss above the previous High. Let's see what this pair can bring us in.
Short
by Faizxn_ah
GBPCHF Sell Opportunity!!! Bullish Retracement Completed!!!We can see that BULLISH strength is starting to weaken as it recently moves near the 50.0 fib level. For now, I will be seeing great BEARISH pressure from 50.0 fib - 61.8fib level max. Having said that, 61.8 fib price level is also where a strong resistance level lies (@1.2120). You can choose to enter a few trades for this pair at the various level or if you will want to take the risk you can enter at 50.0 fib level. I will see this pair moving to the support level @1.1918 also where the ichi cloud is. Further movement will be updated again. 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
GBPCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of GBPCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Price dropped till monthly support level that has pushed market to the upside in past. W > Price moved up to test the neck of M and complete the formation. D > We saw an M formation in Daily Chart providing us next bullish target but for more than 2 weeks price is not able to break daily resistance. This resistance was created by demand zone 2 during last bullish impulse, price is now stuck at demand zone 1 created during same bullish impulse. As per COT GBP saw closure of both Long and Short positions improving net positions but still in -ve, whereas N-R could not gauge the same path and they went opposite with addition of both Long and Short. Commercials closed both Long and Short positions, Short for them reducing further to least for current year. BXY had further improved its position during the said week but it weakened last week. CHF saw closure of few Long and addition of Short positions, reducing net positions whereas N-R saw addition of both Long and Short positions increasing cumulative net positions. SXY further improved its position during the said week. However SXY weakened last week. 4H > We expect this consolidation to continue for a while in current range of about 100 pips or price can drop down to test last HL. Pair Correlation: GBPCHF has positive correlation with GBPUSD, GBPJPY and GBPCAD and negative correlation with EURGBP. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
Daily Update- Sell -GBP/CHF-- W1Disclaimer: 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. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
Long
by morshedul-munna