Gbpchfshort
GBPCHF: Rallies bound to fail?!GBPCHF
Intraday - We look to Sell at 1.2216 (stop at 1.2304)
Bespoke resistance is located at 1.2225. We look to sell rallies. Selling posted in Asia. Expect trading to remain mixed and volatile. This provides an excellent risk/reward opportunity to fade the current bullish move.
Our profit targets will be 1.2003 and 1.1910
Resistance: 1.2200 / 1.2440 / 1.2609
Support: 1.20600 / 1.1918 / 1.1630
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Trade of the Week: 2nd Position GBPCHFAfter noticing strong HTF resistance level, and LTF ascending trend line downside break I called this trade ( previous analysis linked down below), and much to my own surprise the trade hit take profit in just one impulsive 4H bearish candle.... Nice Catch.
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GBP/CHF BearishThis resistance was the price support that failed to break for a whole year, and now it has been broken, it is difficult to rise above it again before reaching a stronger area than it, which is the monthly support, expect rise price to touch 0.38 fibo and bearish trendline then a fall
Gbpchf short?The pair is approaching an important HTF resistance, thus setting the stage for shorts.
An impulsive downward breach of the LTF ascending trend line will give added probability for downside momentum.
Observe good risk management.
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GBPCHF:Brief rally before dip?!GBPCHF
Intraday - We look to Sell at 1.2148 (stop at 1.2192)
Preferred trade is to sell into rallies. The immediate bias is skewed to the upside but, with this move assessed as being corrective, we would prefer to sell into the rally. The medium term bias remains bearish. Mixed but positive price action has resulted in consecutive, narrow-ranged, sideways trading days.
Our profit targets will be 1.2016 and 1.1910
Resistance: 1.2110 / 1.2215 / 1.2609
Support: 1.2000 / 1.1918 / 1.1630
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
GBPCHF ShortGBP|CHF - Personal Analysis. Break and Re-test.
RR 1:2
Keeping charts simple.
There was a consolidation phase and now price broke below the consolidation phase expecting a continuation of downtrend but expecting correction tomorrow or next day this week.
If Price goes back into the consolidation zone, then expecting for price to hit the high of consolidation phase again to re-test for break of bullish trend.
GBPCHF:Flight to swiss safety?!GBPCHF
Intraday - We look to Sell at 1.2251 (stop at 1.2324)
Preferred trade is to sell into rallies. There is scope of mild buying but gains should be limited. A move higher faces tough resistance and we remain cautious on the upside potential Short term bias is mildly bearish.
Our profit targets will be 1.2100 and 1.2050
Resistance: 1.2250 / 1.2300 / 1.2350
Support: 1.2150 / 1.2100 / 1.2050
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
GBPCHF | CONSOLIDATION AT SUPPORTGBPCHF is consolidation at important support level where reaction have been seen in the past.
Price action suggest weakness in bearish trend after broken of trendline and restesting it.
If support honored and price break the box, one can attempt bullish trend from here.
Trade and manage your levels accordingly.