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Gbpchflong

GBPCHF - longOn the 15 minute chart, we can begin a conservative long from 1.25865 - 1.26247 (Trade A). For the more aggressive trader, 1.25865 to 1.26580 (Trade B) is the option - or why not try both? *1.25865 (approx) is also current support* With the average true range of 0.00059 taken into account, S.L. for the respective trades are at: A) 1.25574 B) 1.25374 Risk/Reward Ratio is 1.31 for Trade A, and 1.56 for Trade B. Have a great weekend and good luck trading from Monday! All comments are welcome.
Long
by JayStieren
2
Is the Top In For GBP/CHF?PrimeXBT is here again with another professional analysis breakdown, and today we are taking a look at GBPCHF. Last week’s bearish engulfing candle suggests we may have seen a significant-top on the GBP/CHF . Which is interesting, as is suggests that we’re headed towards a hard Brexit. During an atmosphere of intense trade tension, Brexit, Presidential impeachment and slowing global growth, investors can’t be blamed for wanting a lifeboat. The Swiss Franc is usually it. Even with some of the lowest interest rates in the world, the currency has strengthened consistently against all of the currencies in Europe during difficult times. With the election now out of the way, Sterling should continue to find dip buyers in the short-term, although the medium to long-term outlook for the British Pound remains cloudy. Still, GBPCHF's success to hold above the trendline is worth noting. In the near term, the Relative Strength Index on the GBPCHF chart is flashing signs of bullish divergence, and some growth is expected from the support zone or 0.5 Fibonacci level with the target of 0.236 level or its ex-support zone. If the price breaks this subjective key resistance level, a continuation of the uptrend will be confirmed and we’ll have to search for new buying opportunities based on the same level. Alternatively, in case it breaks below a key support level, the downtrend will be confirmed. Key Support Level: 1.2677 Key Resistance Level: 1.2929 Share your thoughts about this trade idea in the comments section below, and remember to stay tuned for future technical analysis, news, updates, and more from PrimeXBT.
by UnknownUnicorn3931771
3
GBPCHF - FOREX - 17. DECE. 2019Welcome to our weekly trade setup ( GBPCHF )! - 1 HOUR Very bearish drop towards previous support zone. 4 HOUR Overall bullish waving market with strong price action. DAILY Bullish market at its support, great long entries! - FOREX SETUP BUY GBPCHF 1ST ENTRY @ 1.30410 2ND ENTRY @ 1.29680 SL @ 1.28390 TP @ 1.32620 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (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
Long
by DACapitalTrading
GBP to Strike Again? - GBP/CHF Ichimoku Long TradeWe're going back to the GBP for this setup as well. Very similar to my GBP/USD setup, we saw a big spike with the election news last week and are back down near a flat kijun sen support here. I am looking for a chance to get long to try and get back up to price structure. We're already near a possible entry, but I would like to see a good support candle form to help confirm we are going to head back up. If we fail to hold our support or if our bullish confirmations change, this setup may become invalidated.
Long
by The808Trader
GBPCHF - FOREX - 12. DECE. 2019Welcome to our weekly trade setup ( GBPCHF )! - 1 HOUR Very bearish drop towards our support zone. 4 HOUR Prices taking out long holders before forming new highs or a double top. DAILY Bullish trend with a pullback, good long entries! - FOREX SETUP BUY GBPCHF 1ST ENTRY @ 1.28850 2ND ENTRY @ 1.28500 (wait for trigger) SL @ 1.27880 TP @ 1.29910 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (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
Long
by DACapitalTrading
7
GBPCHF - FOREX - 03. DECE. 2019Welcome to our weekly trade setup ( GBPCHF )! - 1 HOUR Bearish drop and price movement towards previous support. 4 HOUR Prices at support zone and price average trend. DAILY Overall bullish market with a strong pullback. - FOREX SETUP BUY GBPCHF 1ST ENTRY @ 1.28340 2ND ENTRY @ 1.28050 (wait for trigger) SL @ 1.27540 TP @ 1.29210 RR: 1.1 / 2.35 Use 0.5% risk per Entry! (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
Long
by DACapitalTrading
4
British pound to continue going higher against Swiss francThe British pound rallied significantly during the trading session on Friday, testing the top of a shooting star from the Thursday session. While this would typically be a very bearish sign, the reality is that the Thursday session also featured Thanksgiving, which of course took a lot of the volume out of the market. Because of this, you can’t read too much into the candlestick. Ultimately, this market looks as if it is going to go looking towards the 1.30 level, and then eventually the 1.34 level after that which is the top of the overall market. Looking at this chart, it seems as if the 1.27 level will offer significant support, just as well as the 50 day EMA breaking above the 200 day EMA is very bullish. With that in mind, keep in the back of your head that pullbacks will offer support, and of course we have a lot of concerns when it comes to the British elections. The latest election polls suggest that the Tories are going to take over, and that of course is a very bullish sign because it means that Boris Johnson might be able to finally get the Brexit deal done. With that, it brings a bit of certainty into the marketplace. Beyond that, we also have a “risk on/risk off attitude to this pair, and as risk picks up in the form of the US/China trade negotiations, that also dries money away from the Swiss franc. At this point, it looks as if the resistance is being chewed away at, and that it is probably only a matter of time before we continue much higher. Safety currencies are getting hammer, not just the Swiss franc but also the Japanese yen of the last couple of days, and that is a trend that should continue barring some type of negative headline.
by Forex4you