Gbpchflong
GBPCHF - INTRADAY - 07. APR. 2020Welcome to our daily trade setup ( GBPCHF )!
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1 HOUR
Bullish PA and pressure on small tf overall.
4 HOUR
Sideways waving market structure at range middle.
OVERALL
Great long entries following short/midterm trend, expecting a push to previous highs at 1.20350!
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FOREX INTRADAY
BUY GBPCHF
ENTRY LEVEL @ 1.19760
SL @ 1.19340
TP @ 1.20350
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
Possible GBP/CHF Long Position!!SMP TRADING
SELF DEVELOPMENT/METHODOLOGY/PSYCHOLOGY
SMP Strategy
Market Direction: Long Position
Chart time frame - H4
Timeframe - 2-3 Days
A – Activating Event
Market will meet resistance in zone @ current levels - ... . In order to enter into this trade, the pair MUST be in line with my Entry Procedure....
B – Beliefs
Market will move towards the first Target 1 level @ 1.21
C - Fundamentals that may affect the pair
N/A
D - Trade Management
Entered @ .....
Stop Loss @ .....
Trailing Stop Loss@.....
Target 1 @ 1.21
Target 2 @ ....
Risk/Reward @ 1.5.1
Happy trading :)
Follow your Trading plan, Remain disciplined and Keep learning !!
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This information is not a recommendation to buy or sell. It is to be used for educational purposes only!
GBPCHF long trade ideaPlan : resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCHF at its support level. Long Opportunity!!!As we can see, price level was not able to breakthrough its support level @1.1470. We can also see price consolidataion and bullish candle forming after the recent drop in price level. Possible Price Retracement to the strong resistance level @1.2225 price level. Further movement will be updated again.
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#GBPCHF - Long.. But Not YetOn the daily TF this looks rife to start longing...
However, if you go out one more TF to the weekly you will see these big wicks to the left. And the way it has approached the current price level it's carrying a lot of momentum
I would love to be able to long this pair right now but I think it's still got a bit further to drop before we could see a move to the upside.
Any questions feel free to ask, leave a comment or send me a DM
GBPCHF long trade ideaPlan : trendline breakout --> wait for price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCHF to reverse from downside confirmation, potential drop!
GBPCHF to reverse from its downside confirmation at 1.20696 where it could potentially drop further to 1.16860.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCHF Set To Resumes Long-term AdvanceGBPCHF has just completed a 5-3 "impulse-correction" wave cycle.
According to the Elliot Wave principle, once a 5-3 wave cycle is completed the primary trend resumes.
In GBPCHF's case, the primary trend is bullish and target above wave A high is plausible.
The breach of the blue line will confirm the correction has bottomed.
What's your thought on GBPCHF?
GBPCHF LONG TO RESISTANCE FOLLOWED BY CONTINUATION OR REVERSALComparing Weak Vs Strong currencies this past week (end 2/14), GBP shored strength whereas CHF relatively weak of the two currencies-- meaning a BUY bias for the pair.
Daily chart analysis has the pair price approaching significant Resistance.
A good technical approach on this pair provides awesome Long opportunity to Resistance with potential continuation to upside or counter-trend to downside targets depending on price action and/or currency strengths.
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Thank you and happy trading.