GBPCHF - Daytrade - Short OpportunityPrice made a double top on a daily chart resistance. Going short!
Gbpchfsell
GBPCHF - Short at Daily Group waveGBPCHF reached Daily Group wave (80-100% magnitude of the wave II) and down. Thus, I predict he will down from wave IV to V.
POUND WEAK AGAINST SWISS FRANCKA SECOND OPPORTUNITY ON THIS PAIR, AND HERE'S WHAT IT LOOKS LIKE TO ME.
PRICE IS CURRENTLY IN AN EXHAUSTIVE OR CORRECTIVE PHASE MEANING THAT WE'RE LOOKING TO TAKE ADVANTAGE OF POSSIBLE CONTINUATION AFTER THIS WEEKLY RETRACEMENT. I'M WAITING FOR THE BREAK OF DAILY SUPPORT LEVEL 1.29200. I'D PREFERABLY LIKE TO SEE A STRONG BEARISH CANDLE TO SHOW A NICE BREAK OF THAT LEVEL, FOLLOWED BY A RETEST. AND WE CAN RIDE PRICE TO 1.4600
POUND IS ALSO WEAK ACROSS THE BOARD, WITH GBPUSD,GBPCAD, GBPJPY AND GBPAUD ALL SELLING.
GBPCHF - SETUP - WEEKLY CONTINUATION - 28 JUNEWELCOME TO DACAPITAL TRADING!!
GBPCHF just started moving as expected, quick Timeframe breakdown for free and everybody.
4 HOUR
Slow bearish movement for now but we formed new lows.
DAILY
Market was considering last two weeks but is on right direction now.
WEEKLY
Overall very bearish with only 2 small bullish Candle overall in the last whole Wave
LEVELS
SHORT @ 1.30620
SL @ 1.30855
TP1 @ 1.30370
TP2 @ 1.30250
TP3 @ 1.30144
Weekly trend continuation, move SL to BE if TP1 hit and close partial Profits at every TP Level.!
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DACAPITAL TRADING
GBPCHF makes nice break OutGBPCHF makes nice break Out so possible to goes down and touch then next Support level.
GBP/CHF Sell Trade AnalysisIt seems GBP/CHF reached it's resistance price @ 1.32200. Now it's possibility to breakout to bearish trend if the candle closes the moving average 50 line.
GBPCHF - Longterm BearishGot a parallel set of trend lines that reveal a zone where the pair is screaming for a longterm Bearish trend
GBPCHFGBPCHF have been in a strong trend, but momentum indicators are suggesting scope for a pullback to come in now. So i am preferring shorts around 1.3539, with stop above 1.3557, looking for target 1.3466 for now.
Short Trading on GBPCHFHi guys,
i've looking at this pair since we've reached the yellow zone highlighted on the left hand side of your screen. And i'm now getting involved because of the false breakout that you see on the right hand side of your screen. But let me be clear: first, we are at a major structure level on the daily timeframe, second, we've reached overbought condition on the daily timeframe and we're creating a divergence on both the daily and the 4hr tf. As we go down on lower timeframes, such as the hourly, you can also see a triple top with RSI overbought with a false breakout. As soon as the price has closed above the prev highs, it fell immediately and got rejected with a big red engulfing candle.
Going short now with stop above the highs, and targets as displayed.
If you have any idea/question, feel free to comment below.
Otherwise, see you in the next chart!
GBP-CHF ( Short )Touched Strong Resistance and wait for the broken trendline and also a reversal candle
Good Luck! :)
GBP/CHF Sell OpportunityIt seems GBP/CHF reached it's strong resistance price @ 1.34689. There is a good opportunity to retrace price until nearby support@ 1.32519.
GBPCHF Testing Major Resistance, Time To SellGBPCHF is testing strong resistance presenting us with a good selling opportunity.
Sell below 1.3466. Stop loss at 1.3527. Take profit at 1.3335.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.3466 (Fibonacci retracement, horizontal swing high resistance, bearish harmonic formation) and a strong reaction could occur from this level to push prices down to major support at 1.3335 (Fibonacci retracement, horizontal swing low support).
Stochastic (34,5,3) is seeing major resistance below 97% and a corresponding reaction could occur from this level.
GBPCHF Potential Sell Trading PlanGPBCHF is Standing on D1 Resistance zone
There are several reasons to short this pair
Reason 1: D1 Resistance Zone
Reason 2: Triple Top ? (If Current D1 candle closes as Bearish "Engulfing"
Reason 3: H1 Ascending channel downside Breakout
Reason 4: Bearish RSI divergence
Reason 5: If Price pulls back to 1.3390-1.3410 and forms Bearish Price action candlestick pattern confirmation this will be 5th reason
GBPCHF on a Bearish divergenceHi Guys,
Lets look at this chart and see that there is a double top formation from the previous top.
Also, we can see that there is a bearish divergence between the previous high and the peak with the RSI showing a downtrend.
From here, i believe that GBPCHF will reverse to a downtrend.
T/P1 at 1.3221
T/P2 at 1.3084
S/L above the 1.3500
Please don't trade more than 2% of your capital
Cheers!
GBPCHF Is Testing Major Resistance, Time To SellGBPCHF is presenting us with a really good selling opportunity.
Sell below 1.3434. Stop loss at 1.3522. Take profit at 1.3145.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.3434 (Fibonacci extension, bearish harmonic formation) and a strong drop could occur from here to push prices all the way down to 1.3145 (Fibonacci retracement, horizontal pullback support). We have our stop loss at 1.3522 (Fibonacci extension, above major swing high resistance) to give our trade some breathing space.
Stochastic (89,5,3) is seeing major resistance below 96% and a corresponding reaction could occur at this level.
GBPCHF Is Testing Major Resistance, Time To SellGBPCHF is presenting us with a really good selling opportunity.
Sell below 1.3434. Stop loss at 1.3522. Take profit at 1.3145.
Reason for the trading strategy (technically):
Price is testing major resistance at 1.3434 (Fibonacci extension, bearish harmonic formation) and a strong drop could occur from here to push prices all the way down to 1.3145 (Fibonacci retracement, horizontal pullback support). We have our stop loss at 1.3522 (Fibonacci extension, above major swing high resistance) to give our trade some breathing space.
Stochastic (89,5,3) is seeing major resistance below 96% and a corresponding reaction could occur at this level.
GBP/CHF Sell Opportunity It seems GBP/CHF reached it's resistance price @ 1.31217. Now there is a good opportunity to go Bearish until price @ 1.29898
GBP/CHF 1D Chart: Heads towards 55-day SMAGBP/CHF 1D Chart: Heads towards 55-day SMA
The British Pound is simultaneously fluctuating against the Swiss Franc in three different patterns. The largest ascending channel started to form a year ago and nowadays consists of three reaction highs and two reaction lows. The medium ascending channel represents a fragment of the dominant formation and is lying along the rising 55-, 100- and 200-day SMAs. Accordingly, the third ascending channel began to form within the secondary pattern. As the currency rate has recently made a rebound, the Sterling is expected to enter into the new depreciation phase. In this sense, combined support set up by the 55-day SMA as well as the bottom boundaries of two secondary might temporarily withhold the pair above the 1.30 mark. But eventually the new medium-term downtrend is expected to prevail.
GBPCHF, 4H, Entry after market open?Hi traders,
The GBPCHF on the 4H chart is showing a beautiful Head and Shoulders pattern whereas the neckline has been broken. Now we are at a strong flipzone area that needs to be broken next. Let's see if we are going to break it or bounce back into the neckline.
As always, stay patient :)
