I'm not place entry on the trendline like retail trader, but I trust smart money concept always working. Looking for confirmation Entry Sell for this pair. If you have any idea, leave comment below, and Like this post. Good Luck
last month's price make an uptrend and already breakout + price make a pullback, last day the pullback make a significant downtrend and price already make a double top, waiting for the retest and we can make a sell position. remember to focus on money management and psychology GOOD LUCK.
GBPCHF Market has rejected from resistance and at the same tie uptrend line is also broken and now in retesting phase so good selling oppurtunity.
TWO 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?
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...
I put so many signals in trading view in my profile with reached tp . So, it's again good signal if you see my last forecast. So, Based on ichimoku and support and resistance plus Bollinger Bands I forecasted tp is 1.27841 . Good luck Buy tp@1.27841 sl@1.26099
In My Opinion This is another High Probability Trading Set Up Regarding GBPCHF Currency Pair.
#GBPCHF Market is going to sell in the H4 timeframe.
May be forming an Inverted Head and Shoulders pattern. Looking for the quick short for +90 pips, and then the big long once price forms the right shoulder.
GBP CHF ready to Long Don't , Missed Best Trade setup
GBPCHF has broken the support and become resistance. I have position for sell. Sell 1.27860 - 1.28058 TP1: 1.26947 TP2: 1.25911 SL: 1.28189 Good Luck
GBPCHF, Bearish Divergence: the momentum is going down!
Hi Traders GBP/CHF (H4 Timeframe) A medium to high probability, to go SHORT is forming @ 1.28716 after the market found resistance @ 1.29717. Only the upward break of 1.29717 would cancel this bearish scenario. Trade details: Entry: 1.28716 Stop loss: 1.29717 Take profit 1: 1.28186 Take profit 2: 1.27241 Take profit 3: 1.25701 Score: 7 Strategy: Bearish Trend...
By focusing on the very strongest vs weakest of the MAJOR CURRENCIES, we are able to hold onto our WINNING TRADES for much LONGER without the fear of giving back open profits to the markets. 2021 So far, has been VERY GOOD to us keeping us on ONE SIDE of the market and only buying the BRITISH POUND GBP against the weakest of the other Majors. Less usually means...
We have been only trading on the long side of GBP across several of the majors during the past few weeks and have had some of easiest timed trades focusing in one direction. A lot of money is lost by traders trying to trade both long and short especially within the same timeframe chart. A lot of the feedback we get from traders is how to identify the best pairs...
This hit TP yesterday on my previous posts for this pair. Want to see this retrace now for another chance to long. I have marked out the area for this to retrace to around 0.382 Fibonacci, we need to wait and see when this rebounds though as it is possible to drop further than this between 0.5 and 0.618, I think this is unlikely but its better to wait and be safe....
Professionals increased 11k long positions in gbp by last week, opened long profit taking by shorts, 6% long positions increased. while 4% short increased by commercials.
GBP has been correcting over the past few days against most, if not all pairs. This recently had a breakout above a big resistance level so the retrace was expected and should go back to this previous resistance which will now act as support. Anywhere from 0.382 and 0.5 Fibonacci will be a good longing position. We need to see the price start to turn first and the...