Gbpchfsetup
GBPCHF Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of GBPCHF (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 05 Oct
M > Price dropped till monthly support level that has pushed market to the upside in past.
W > Price moved up to test the neck and complete M formation.
D > We can see an M formation in Daily Chart providing next target.
As per COT GBP saw closure of Long and addition of major short positions bringing net position to -ve, whereas N-R saw closure of both Long and Short, Commercials saw addition of Long and closure of Short. BXY was weak for the said week but it improved its position last week. CHF saw closure of Long and addition of few Short positions reducing net positions. SXY was very weak for the said week. SXY was strong last week.
4H > While moving up price broke neck and moved ahead but price pulled back to complete recently created W formation and is now moving upwards to our next target.
Pair Correlation: GBPCHF has positive correlation with GBPUSD, GBPJPY, GBPCAD, GBPAUD and GBPNZD and negative correlation with EURGBP.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
GBPCHF ANALYSISPRICE JUST BOUNCED OFF A VERY RESPECTED AND STRONG SUPPORT ZONE AND IS PROCEEDING UPWARDS. LOOKS LIKE A 300 PIPS MOVE. WILL TAKE 1 OR 2 DAYS TO REACH TP.
GBPCHF: forecast 20-24 July 2020Hi,
this is GBPCHF as you can see i have made my analyses on this pair, i am expecting it to go in correction phase after that continuation phase.
let me show you the before and after screenshots of this pair:
Before
GBPCHF H1 :
GBPCHF 15M:
This is is the bigger picture of the pair:
Please remember this is my opinion
Kind Regards
Abdirizak
GBP/CHF New Update +90 Pips And New Entry Is Available GBP/CHF New Update +90 Pips And New Entry Is Available
New Setup On GBP/CHF BUY/SELL To Catch More Than 250 PIps New Setup On GBP/CHF BUY/SELL To Catch More Than 250 PIps
GBPCHF: Continuation trend.Thanks for Taking Interested in my Trading Idea.
GBPCHF: Continuation trend.
Note: This is only for Educational purposes; this is not investment advice.
Thanks for your support!
GBPCHF LONG A trade which is one of my favourites at the moment, if we see rejection from the trend line as well as the 78.6 level will be taking a long up to the -68.7 fib level.
250 PIP GAIN 8/1 RR
GBP/CHF SHORT SET UPSell GBP/CHF
Entry 1 1.28040
Entry 2 1.28280
Sl 1.28600
Tp.1 1.27740
Tp.2 1.27540
Tp.3 1.27340
Tp.4 1.26980
GBPCHF 60MA little in profit, holding to see if it will lead to a real big breakout and drop. Triangle action.
GBPCHF Analysis: Bullish flag breakoutHi traders, this pair has consolidated for quite some time and has formed a clear flag pattern.
The next move will probably be a strong one. It had made a fake breakout earlier so we need to see a more clear breakout to confirm buy entry.
FOLLOW ME: GBP/CHF SHORT OpportunityGBP/CHF is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry.
Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing!
COLOR KEY (which time frame each markup is based on):
RED - Monthly
ORANGE - Weeky
GREEN - Daily
AQUA BLUE - 4H
PINK - 1H LIGHT BLUE - 15M
PURPLE - 5M
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