Gbpchflong
GBPCHF - FOREX - 28. JUNE. 2021Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Market closed above main sr level.
4 HOUR
Expecting further pressure to the upside.
DAILY
Overall bullish turning market structure.
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FOREX SETUP
BUY GBPCHF
ENTRY LEVEL @ 1.27740
SL @ 1.27220
TP @ 1.28400
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBP/CHF | Potential Upward Movement 🚀 Technical Analysis:
The pair has succeeded to break the range pattern to the upside with a big bullish candlestick. This shows that the buyers won the fight over the sellers, and they are about to push the price to the upside. A lower correction could be seen before the rally.
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Trade Idea:
Buy Limit Order @ 1.2818
Take Profit @ 1.2861
Stop Loss @ 1.2802
Trade Safely 🙂
GBPCHF Long I'll make this short as it is good for action now.
I just to took a long , reason being a break out and then a retest of S/R at 1.2800.
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Always use sound money and risk management in all your trades.
GBPCHF - FOREX - 14. JUNE. 2021Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Pullback towards main sr level.
4 HOUR
Closure and pressure above main support level .
DAILY
Overall bullish market structure, expecting more pressure.
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FOREX SETUP
BUY GBPCHF
ENTRY LEVEL @ 1.26630
SL @ 1.26210
TP @ 1.27360
Max Risk: 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
GBPCHF facing bullish pressure, potential for further upside!Prices are approaching ascending trendline support in line with horizontal swing low resistance in line with 61.8% Fibonacci extension and 78.6% Fibonacci retracement. Prices might push up towards horizontal swing high resistance in line with 78.6% Fibonacci extension. If prices push down, prices might take support from horizontal swing low support in line with 127.2% Fibonacci retracement and 78.6% Fibonacci extension. Stochastics is also approaching 5.44 support level, with potential for a bounce.
GBPCHF facing bullish pressure, potential for further upside!Price is facing bullish pressure as it continues to hold above both the Ichimoku cloud and ascending trendline support, in line with our bullish bias. We could potentially see price bounce at 1st support, in line with 61.8% Fibonacci retracement, 100% Fibonacci extension and horizontal swing low support, and rise towards 1st resistance, in line with 78.6% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing high resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
GBPCHF, Upside Looks Promising. Head & Shoulders?The market appears to be forming a potential head & shoulders setup as resistance were slightly broken out.
However, we could be seeing some consolidated movements within the zone before the potential upside movement, therefore, it would be best to wait for further confirmations
Key Factors:
-Potential Head & Shoulders
-Bullish break and strong bullish momentum shift as price breaks the resistance zone
-Market still requires a break above the trendline and/or a more significant rejection at the support
Entry Conditions:
-Buy when price retests the zone and forms conirmations ; or breaks current resistance and retests the broken out level and forms upside confirmation
-Actively manage trade for the upside swing by trailing stops
Note that setup will be considered invalid if price rejects current resistance and reverses completely to the downside
GBP/JPY - Pound Bullish on BoE Rate Hike Expectations
Fundamentals
Key Points:
1. Markets are expecting UK Inflation to overshoot the central banks' 2% target and reach 3.35% in the coming years.
2. UK 10 Year Bond yields have been rising as a result of high inflation expectations.
3. Against countries like Japan, Switzerland & Germany the UK 10 Year Government Bond Yield is more attractive for investors causing money to move into the UK from these countries and the pound has been getting stronger against all three currencies as a result of the UK's Bond Yield rising.
4. The Bank of England said on May 27th that if people are moved off furlough back into work at a faster pace than previously expected, The Bank of England may be forced to withdraw some of its monetary stimulus and potentially raise interest rates as inflation will rise as the demand for goods and services rise from employment and the re-opening of the economy.
5. High levels of employment will boost price pressures at a time when inflation is already expected to be high from supply shortages caused by the pandemic.
6. This scenario means the central bank will be forced to act and withdraw its monetary support to curb inflation by reducing its bond-buying program, causing the price of bonds to decline and pushing up the Yield due to their inverse correlation.
7. A rate hike would also cause UK short-term rates to move into a profitable carry trade against currencies like the Japanese Yen & CHF & EUR.
What To Watch
Employment Data
Rate Hike Expectations
UK Bond Yield’s
Trade Idea’s
EUR/GBP - SELL
GBP/JPY - BUY
GBP/CHF - BUY
Technicals
GBP/JPY - Key Resistance ¥160.00
GBP/CHF - Key Resistance 131.000
EUR/GBP - Key Support €183.500
ATR Volatility
GBP/JPY - 4.76%
GBP/CHF - 4.06%
EUR/GBP - 3.72%
GBPCHF, 4hr tf, upwards movement expectedWe could see price rotate upwards after broken above the recent patterns.
To me it looks like falling wedge just like USDCHF pairs.
For a fan of elliott wave it is a triangle wave-4.
We will see price rotate towards 1.3200 area to complete wave-5.
Buy GBPCHF 1.2690
Stop loss 1.2570
Take profit 1.3200 (4.25R)
Use only 1-2% risk
Good luck
GBPCHF > Big Money in this setup, possible 250 pipsI hope you are feeling generous and loving today to give me a like and leave a comment it will really support the creation of new free ideas for you.
Analysis on #GBPCHF
Hello friends.
similar to my analysis on GBPCAD, but this I prefer as it has a bigger range of 250 pips with no resistance on its way.
A possible Reversal pattern on my radar and I am watching when and if we have a breakout to the upside to start looking for a trend continuation setup that meets my rules for a possible 250 pips trade
Safe trading everyone
Check today analysis below⠀
>> “Control Your Emotion and You Control Your money.”
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-Disclaimer: This information is not a recommendation to BUY or SELL. It is to be used for educational purposes only⠀
-Please note this is just a PREDICTION and I have no reason to act on it and neither should you
GBPCHF: long intraday opportunityHi Traders,
This is my view on this pair for the next few days.
#GBPCHF
BUY 1.27
SL 1.2679
TP 1.277
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
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Pietro from Trading Kitchen
Coming up… GBPCHF long .. the week of 03 May, 2021After making a high at the 1.3030 area, price pulled back, easily breaking below 1.2800 and now in the zone around the support area at 1.2550. There are 2 possibilities (as usual) – it will either slice through to the downside OR the bulls will succeed to halt the decline and take control of the market. For fib lovers, this level does coincide with the 0.382 retracement of the bullish move that began in mid Dec, 2020.
My bias is bullish, I do trade with the trend for the most part. I will be monitoring price action on H4 and H1 to determine if the bulls are stepping in before taking a long trade. If the momentum in the bears continues, I will step aside and look for a similar setup lower down in the 1.2360 region.
If you like my analysis please give it a “thumbs up” and follow me to get immediate notifications.
As always, please use sound money and risk management in all your trades.