Gbpchfanalysis
Pound Power? - GBP/CHF Ichimoku Long trade This pair got a nice rise at the end of last week, breaking through the kumo before eventually falling back down. We are now approaching tenkan sen in the kumo and I am watching to see if it will act as support for another kumo breakout. If we can get that breakout I've set my entry level at previous price structure resistance I want to see broken to help confirm my long bias. If we can break it, we should be able to climb higher and I've drawn out several partial take profit levels on the way to my overall swing target. If support doesn't hold or we can't break through the previous price resistance, this setup may become invalidated.
#GBPCHF, Is there an end to the declines or not yet?Important weekly support has been breached.
The red line above the green line within the Ichimoku cloud marks continued declines.
The gbpchf is below all the important moving averages.
Uncertainty in the UK weakens the pound.
Uncertainty in the global economy strengthens the chf
Target: 1.1480
Long-term analysis #GBPCHFWe have the Stochastic monthly which is already quite low.
We arrive at a very big monthly support that just, for this reason, it is interesting to place a purchase order.
target: 1.2550
GBPCHF clear Long setupWe can see lots of confluence for a rebound on this pair :
1) Price rejected a strong horizontal support 4 times
2) Last trading day the pair printed a Doji (reversal pattern)
3) Huge RSI divergence
But we can also see that the price might be capped a bit by a couple factors :
1) Descending trendline
2) MA50
If the descending trendline is broken we can see a jump at least until the MA50 which is still far from our price so that gives us a lot of room to trade. The next horizontal resistance is not to be found until the 1.266 area.
Lets look at the 4H chart:
First thing: We see how the price found support and it is now consolidating. Also we see the RSI divergence (price falling, RSI gaining strength)
Once the price breaks out of this area it will face resistance by MA50 and descending trendline. It might directly break it as it was already tested on the 19th of July or it might do a bit what the red arrows represent.
I think it is a bit early to go long in this pair but I will be monitoring it closely.
Trade safe!
GBPCHF Harmonic AB=CD Analysis and StrategyPrice action has completed an ab=cd pattern, at a strong support zone on the 4 hr chart for this pair. The completion of the ab=cd pattern is a bullish signal therefore it validates our long strategy with our take profits set on the green zones. FX:GBPCHF
DESCENDING TRIANGLE GBPCHFClear descending triangle pattern formed on the 1hr and clear on the 4hr timeframe. Price has already broken and now coming back for the retest to proceed further to the downside.
GBPCHF STILL GOT A LONG WAY DOWN TO GOLooking at this pair we can see a descending triangle pattern on the 4hr time frame suggesting further continuation to the downside, targeting the bottom trendline which is also a low from a couple years back. Waiting for a correction to be formed before entering on the breakout.
GBPCHF DAfter long downtrend the pair seems to have find a bottom. We can see that it has formed a flat since the end of June but RSI gains strength. Now, MACD also confirms that the pair is ready for a leg up. The area 1.265 would be a good place to take profits as it is not only near an area of resistance but will face the 50 MA
On the 4H chart we can see how the pair is gaining strength in RSI. If it goes above the 50MA and holds, that would me my signal to enter long
GBPCHF - Daily/Swing - 2.july.2019A possible reversal zone for a detailed view check out the following weekly chart analysis .
GBPCHF Daily Harmonic Bat Pattern Analysis and StrategyWe see the completion of a harmonic bat pattern on the daily chart at a major support zone. We are expecting a bounce off a the support zone which signaled us to take a long position. FX:GBPCHF
My wife says im a PIG...She needs to stop looking in the mirror ;p
Take note of this key resistance turned support zone that price is currently at as I wont spoon feed you forever! So we are expecting bullish movement from this area.
This is a good area and is obviously where big banks have set orders previously, so start thinking like a big investor and start making money instead of working a dead end job to earn money just to waste it in forex because you think you are better than the markets and are looking to get rich quickly.
Our own personal strategy allows us to catch a few pips on the bounce of these zones and also catch the big move if it happens, if you would like to learn more about our strategy then give us a message.
My wife says im a PIG...She needs to stop looking in the mirror ;p
Take note of this key resistance turned support zone that price is currently at as I wont spoon feed you forever! So we are expecting bullish movement from this area.
This is a good area and is obviously where big banks have set orders previously, so start thinking like a big investor and start making money instead of working a dead end job to earn money just to waste it in forex because you think you are better than the markets and are looking to get rich quickly.
Our own personal strategy allows us to catch a few pips on the bounce of these zones and also catch the big move if it happens, if you would like to learn more about our strategy then give us a message.
GBPCHF SELL IDEALooking to sell GBPCHF from sell area. Waiting for exhaustion candle. Close trade at the target area (+30-50pips).
GBPCHF Potential ReversalGBPCHF has completed 3 drives up to complete and Elliot wave bullish drive. This potential headnshoulders pattern could produce 3 waves down for a reversal.
GBP/CHF: Sell Trade Setup !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
GBPCHF came to key support zone.GBPCHF came to key support zone. We can look small timeframe for entry.
GBPCHF 1D and 4H short !as we see gbpchf has broken the bottom trend line and the support line.
and now the position of the candle is currently retest in the Fibonacci area.
so we have to find the right moment to enter the sell position
