GBPCHF Potential Long Trade OpportunityCHART TIMEFRAME: H1
TREND ON THE CHART TIMEFRAME: BEARISH
FACTS AND PATTERNS: Bullish Crab Pattern Formation
POSSIBLE “PREDICTED” PRICE ACTION: GBPCHF may test FIBO 161.80 retracement and react upwards.
ACCURACY: 86%
EURCHF TRADE IDEA: ( SHORT TERM – INTRADAY )
TRADE: LONG
AREA OF ENTRY: 1.31100 – 1.30900
STOP LOSS: 1.30400
TAKE PROFIT 1: 1.31500
TAKE PROFIT 2: 1.31800
EXTENDED TARGET: 1.32300
WHAT TO PAY ATTENTION: If the price reaches the area of entry, wait for an hourly closing above the entry level. Trades set up is valid for 4 H1 candlesticks.
Gbpchflong
GBP/CHF Long Ichimoku Trade IdeaThis may seen a bit strange since we're below the cloud, but we have a lot of bullish signs so I'm looking for a breakout trade here. If we can get that bullish kumo breakout it will be a perfect time to enter as long as our other bullish signs remain. Keep an eye on chikou span, as long as it stays above price, I would expect this move to happen. we can keep a tight stop loss at the bottom of the cloud.
GBPCHF Technical analysis-Long November 08Hey guys,
In the daily chart, there is a buy signal though not at the oversold territory. I will place a buy stop at September 20 highs of £1.32. If price action fails to correct lower towards the 20 period MA and at the 61.8% Fibonacci level then our sell stop will most likely be activated.
This trade will be as follows:
Buy stop: £1.32
Stop Loss: £1.3
Take Profit: £1.37-£1.4
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Bests.
GBPCHF long opportunityHi guys,
if you know my trading style you would know why am i looking at this pair: we're bouncing back from a previous daily structure and in doing so price created a sequence of higher highs higher lows giving us an additional signal upon our long bias. If you zoom in the chart you would notice a double bottom formation happened right inside that blue box that you see in front of you. Its second bottom is followed by a little engulfing candle that gave us the final confirmation. Stops below the lows, targets as shown.
If you have questions/ideas, feel free to comment below.
Otherwise, see you in the next chart!
Long on GBPCHFHi guys,
if you know my trading style you would know why am i looking at this pair: we're bouncing back from a previous daily structure and in doing so price created a sequence of higher highs higher lows giving us an additional signal upon our long bias. If you zoom in the chart you would notice a double bottom formation happened right inside that blue box that you see in front of you. Its second bottom is followed by a little engulfing candle that gave us the final confirmation. Stops below the lows, targets as shown.
If you have questions/ideas, feel free to comment below.
Otherwise, see you in the next chart!