Gbpchflong
GBPCHF BUY IDEA 14TH MARCH 2022Currently we are looking at this pair having seen that we are consolidating within that area on higher timeframes and price is accumulating on the lower timeframes we look to make an entry for a buy on this pair targeting the pervious daily high. Note: This is a more aggressive entry be careful on the lot size!
GBPCHF | Possible Bullish ReversalGBPCHF is trading in a bearish trend following by a bearish parallel channel . The current price is approaching to a support zone . We are expecting bulls to take over from here as price has already shown support in the past on these levels.
Alternatively, breaking below the supports will call more bears in the party.
Trade your levels accordingly.
GBPCHF | Bounce from Support?GBPCHF after making a double top at 1.26077, drop sharply and is approaching to important support zone. Can we expect bounce from support?
If we have a good price action on the support meaning bullish candle and followed by strong candle then one can enter long.
Trade your levels accordingly.
GBPCHF | Bearish Parallel Channel
GBPCHF is trading in a bearish parallel channel, the current price action is at the top of the channel, which also formed double on shorter timeframe. We are expecting bears to be active from here and push the price to downward.
To negate this view, bulls need to show strength and void the double top, this way we have a breakout and long position can be taken.
Trade your levels accordingly.
GBPCHF BUYOverall bullish bias on the 4H chart. A retracement on the 1H touching the fib 61.8 level which coincides with newly formed support. The retracement formed as an exhaustion pattern and left a huge imbalance that should be filled prior to big moves. If the market opens with no big gaps, my plan is to enter a long position with the stop loss of 1.25123 and the take profit to be 1.25875.
One more push down before breakout?Hi Traders,
Price is moving correctively towards the top of this HTF bullish continuation structure which we may get one more push down before we breakout and continue to rise.
Wait for an impulse rejection followed by a correction to validate this short.
Share a comment below and let me know your view on this pair! Click the like button if this idea has helped you!
Buy GBPCHF at 1.2530, target: 1.2900, stop: 1.2250We are anticipating GBPCHF upside linked to continued equity rotation towards cheaper valuations, a widening yield spread between the UK and Switzerland and a still hawkish BoE. The link between the CHF and risk sentiment appears to have weakened.
We also expect the BoE to remain hawkish. Although we do not anticipate the BoE to surprise on the hawkish side, we still think that the stance will remain hawkish given the uptrend in inflation expectations and a very tight labour market. GBPUSD is likely to follow US front-end rates and the dollar, but other sterling crosses should find support. We chose to express this view by selling the lowest yielding currency in G10.
So we have found our levels on weekly and daily charts and are putting the TP before the major resistance and psychological level of 1.29 and putting our SL under the support, with decent room to consider a fake break.
Potential Shark Forming 🦈🦈GBP/CHF - Potential daily Shark forming, we have multiple HTF BOS and bullish PA on the LTF's, remember this is a retracement on the HTF as price is currently trending down, but I'm looking for price to hit the D point (And I am looking to trade up to there also, but I trade momentum/intraday so I trade both directions)
If price hits the D point we will get a nice reaction (So set an alarm for that zone) then if price breaks again to the 1.13 we could get a trend change! But lets see!
Let me know your thoughts! \
* Disclaimer **
These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.