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Gbpchfanalysis

SHORT GBP/CHF from 1.2518I noticed a double top and a potential M-Top formation at resisTNCE ON gbp/chf this morning. The neckline of the M-Top has just broken and we have other BEARISH signals. The under used and under appreciated Andean Oscillator has seen the red SELL line move awau from zero indicating the possible entry of BEARS into this market. We now need to see now is the green BUY line of the Andean Oscillator read less than the signal line (currently the green sell is higher than the signal line) so this trade is a touch premature as we do not have that confirmation but the RSI on H1 was reading 78 an hour ago and is now reading 69 so its dropping from overbought levels. The MACD has yet to catch up with the price so we do not have a SELL confirmation on MACD which would preferrable. The double top is the key selling point (as it were) for this trade so I'm in a bit early with this trade but it will result in more pips if it works out. STOP is above the high at 1.1269 but I'll be closing this trade early if there are signs that GBP/CHF BULLS are not finished with this market.
Short
by forextraplaces
GBP/CHF SELL from market 1.11.25All the signs are that this pair is headed south. On H1 we are now under all key EMA's (25,50,100,200) and on H4 we are slipping unde the 50 EMA having broken the 25. The Pivot Point SuperTrend is signalling SELL and the Andean Oscillator has the red SELL line heading north (for a sell signal) as it has been for the last 2 days. My STOP for this trade is ultra tight being set at 1.1138 so its a minimal 14 pips. Target initially is WS2 Weekly Pivot but this will only be reashed if the WS1 pivot breaks which we will not know about until it reaches that level (1.1102) if indeed it does. MACD has confirmed the BEARISH bias and the only concern is RSI which is now readin oversold at 29 on H1. No scheduled news now to get in the way of this trade until 13:30 GMT Thursday so this pair will head to where the traders are pushing it and for now at least this looks like south.
Short
by forextraplaces
GBPCHF I Potential short from supply zone Welcome back! Let me know your thoughts in the comments! ** GBPCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy
3
GBPCHF Long Term SELLING Trading IdeaHello Traders In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET today GBPCHF analysis 👆 🟢This Chart includes_ (GBPCHF market update) 🟢What is The Next Opportunity on GBPCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20