Gbpchfshort
Wait for Key level breakout and sell signal with GBPCHFH2 time frame.
Structure: The uptrend was broken when the down move broke the Key level at 1.26600.
There is now a smaller uptrend forming within the range of the previous down move and a new key level appears at 1.26200.
Wait for the price to break this Key level and have a retest move, then look for selling opportunities with price targets of 1.25600 and 1.24800.
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Wish you all have a good trading day!
GBPCHF MORE BLOOD TO COME• Price broke out of its bigger channel – 90% chance of it coming all the way to the downside
• Bearish impulsive move and a correction – next impulse is likely to bearish
• Correctly in corrective state which creates a bearish flag (a small channel)
• Price is at the top of the smaller channel
Tue 21st Sep 2021 GBPCHF Daily Forex Chart Sell SetupThis is a tough and you can see my notes on the chart. It is very range bound and price is right at the MAs. If you didn't take it, then that would be quite understandable. I'm actually standing aside on a sell on the GBP/JPY as it is. If you do take the sell, just watch your risk, and if you can, I'd be leaving that partial buy trade on with the stop inside the entry. Cheers.
GBPCHFlast day's price was strongly moving up and already touching the strong daily resistance area, there's no break the resistance and I assume it will bounce back and broke the uptrend structure, for the uptrend maybe the price will strongly break the resistance area. remember always waiting for breakout + retest + confirmation + money management + psychology. GOOD LUCK
TWO REASONS TO SELL GBPCHFTWO REASONS TO SELL GBPCHF
1. Price hit the daily resistance level
2. Formation of the rising wedge on 4H
To short with confirmation and confidence wait for the breakout of the wedge and sell on a retest.
Once the price breaks to the upside then we will look for another setup.
What is your idea on GBPCHF? Bullish or Bearish?