Gbpchfsetup
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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Very possible long trade opportunity GBPCHF...Price have shown a nice move back up through various resistance lines. Now we see a clear level of support @1.195 and I expect a move up to @1.212
Just be patient and let's see what happens.
GBPCHF LONGLower time frames directional biases is strong buy. Higher time frames show sell. I believe we are headed up to the 61.8% weekly retracement level to the weekly downward trendline. Highest level for 2019 1.34220. Pullback to 38.2 1.31098. Downward trend line broken by price. Looking for pull back for buy entries at 1.27200 & 1.28024.
GBPCHF 1D and 4H short !as we see gbpchf has broken the bottom trend line and the support line.
and now the position of the candle is currently retest in the Fibonacci area.
so we have to find the right moment to enter the sell position
Possible Bull Shark GBPCHF Might take a week or two for this but it is great to be aware of going into 2019.
As usual, I will look for bullish reversals or setups on the 4HR for my entry
GBPCHF - LARGER STRUCTURE FORMATIONHey folks,
Today we're looking at GBPCHF as it is forming a pretty ugly larger structure.
Yet we can't deny that if this pair shows a nice pattern, that we enter the trade.
So basically we have a larger structure on the H4, and we're looking for a failed pattern off the 50 EMA on the H1.
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Happy Trading!
GBP/CHF - 100+ Pips Bullish OpportunityGBP/CHF has broken the 50 EMA on the 4H chart and is currently finding support on top of it.
We can wait a bit more for the confirmation of the up move and enter in the move.
Trade safe.
GBPCHF LONG IDEAPRICE IS IN AN ASCENDING WEDGE ON THE WEEKLY
PRICE PREVIOUSLY BROKE THE 134500 LEVEL TO TEST THE TREND LINE AND NOW ITS HEADING IN THAT DIRECTION AGAIN
THERE ISA MINOR RESISTANCE IN THE 132500 AREA THAT HAS BEEN TESTED 4 TIMES.
i WILL BE WAITING FOR PRICE TO BREAK OUT OF THE RESISTANCE AND HIT THE 132800 LEVEL BEFORE GOING LONG ON THIS PAIR
OR I WILL JUST WAIT FOR PRICE TO RETEST THE LOWER TREND LINE THEN GO LONG.
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 :)
Buy GBPCHF Breakout Long Term Based on Multiple TimeframesThis research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits.
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GBPCHFWith the release of the Rightmove House Price Index this morning showing falling house prices in the UK we still have no reason to be bullish on the Pound.
GBPCHF has been in a strong downtrend of late, indicated by the lower lows and lower highs on our chart. We are looking at a very simple swing trading opportunity here by selling at the Weekly Central Pivot Point, IF an opportunity to enter a trade presents itself.
If not, we will re-assess at the 61.8& Fibonacci retracement level.
GBPCHFOur preference: rebound towards 1.2402 before a resumption of the decline.
Alternative scenario: in excess of 1.2402, the GBP / CHF could go on 1.2439 and 1.2462.
Comment: The RSI is greater than 50. The MACD is greater than its signal line and positive. In addition, prices are below their moving average 50 (1.2357) but above their moving average 20 (1.2343
GBPCHF Short OpportunityBearish Flag to retest support turned resistance levels.
Notice that volume is decreasing as price rallies higher.
Also, you can see that there was a stop hunt as indicated by the yellow oval to shake out retail traders.
1 to 1 target sits nicely within our 4H chart profit taking levels.
See my 4H chart analysis to see where we are on a bigger picture.
