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Gbpchfsetup

GBPCHF : Current Situation & Technical , Fundamental View- VIX is slightly UP, so CHF has become somewhat STRONG with the SNB RATE HIKE. Due to this STOCKS and XXXCHF CURRENCY were slightly SELL. GBPCHF was also SELL because of that. Currently there is a RISK OFF BIAS. Therefore, GBPCHF may sell slightly in the future. - Currently GBPCHF LONG TERM can move up to the LEVEL 1.7000. Also, according to the GBPCHF STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 1.1218 to the SUPPORT LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Pay attention to the CURRENT MARKET SENTIMENT..
by benny_marshall
GBPCHF Trading Plan - 7/Feb/2023Hello Traders, Hope you all are doing good!! I expect GBPCHF to go Up after finishing the current wave. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
20 Reason for sell GBPCHF 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1 ✨Eagle eye: Strong Down Trend since 45 Years Two 📆Monthly: Monthly Impuls move Just Hit their target, and now the current activity is corrective Three 📅Weekly: Corrective move tap most recent OB and Resistance. From my point of view, the correction is finished now, and the current candle is also inside the bar. Four 🕛Daily: After a weekly rejection, induce their previous low and correction right the level price to make Doji and gap down 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: Sideways to Down 6: 2 Pattern Candle Chart: /Double top Volume divergent 7: 3 Volume: deficient here 8: 4 Momentum UNCONVENTIONAL Rsi: Resistance at 60 sideways since the month 9: 5 Volatility measure Bollinger bands: head fake a squeeze 10: 6 Strength ADX: bullish to sideways shift 11: 7 Sentiment ROC: GBP Weaker than CHF ✔️ Entry Time Frame: H4 12: Entry TF Structure: bullish 13: entry move: Because Resistance at weekly, so we seek only sell opportunities here until the price does not confirm themselves 14: Support resistance base: Double top 15: FIB: Not confirmed yet ☑️ final comments: Wait 16: 💡decision: sell at 17: 🚀Entry: 1.14310 18: ✋Stop losel:1.1550 19: 🎯Take profit:1.0427 20: 😊Risk to reward Ratio:1:8 🕛 Excepted Duration :30
Short
by Optimum369
GBPCHF: Market Reversal followed by BEARISH Price ActionHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the GBPCHF, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: In October 2022, we could see a strong bullish impulse and in that time out bias was quite bullish considering about 800 pip of move. We were looking for a correction phase before the potential next movement, which it never happened. Eventually the market approached on the level around 1.1400, correctively, forming a rising wedge, which usually is a potential reversal pattern, if it make sense with the overall price action. At the end of October, a strong reversal impulse changed and confirmed the new bearish bias! The price currently is correcting the previous move, and it could proceed its downward movement targeting the level 1.1200 and 1.0900. When, where and why would we step into the market? We missed the first entry on the breakout of the LTF structure, so we will be looking for a second entry if a bearish price action will form during the current day. The overall bias is bearish, enough HTF and LTF confluences are a confirmation to short this market! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
14