Gbpchfshort
GbpChf- Double top in place?Since the beginning of the month, GbpChf has risen nicely and has reached 1.28 resistance.
However, the pair looks like has carved a double top on our chart and is ready to fall.
At this moment GbpChf is sitting on the trend line support and a break here could accelerate losses.
Bearish scenario is intact under 1.28
GBPCHF [H4] The price has close to the important resistance ✅✅GBPCHF The price has moved up close to the important resistance level
because at this point the resistance is hit and falls often,
so this time, if the price crashes, it is expected that the price will fall again. time
Key resistance around 1.280XX - 1.283XX (Sell Position)
SL above resistance or based on risk tolerance
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GBPCHF TO CONTINUE BULLISHWith the current momentum of this market, we are safe to say that there are bullish sides to this pair.
We could see a pullback before this uptrend continues. The level of 1.27000 is keen to our eyes as we'll watch how price reacts to this level.
Targets would be a new high along this trend. Trade the trend with us. Trade Safe.
potential short opportunityGBPCHF has reached to its resistance level from which I expect it to go down a bit.
It's RSI on lower time frames are also overbought, which gives potential day-trading shorting opportunities.
If you have missed only enter if it bounces back but below 1.27, anything below 1.27 as sell entry from my point of view is risky.
SL: above daily 100MA
TP: fib based, can be daily 20MA. I will be using trailing stop once it reaches 1.268
GL and happy Monday. :)
Wait for confirm and sell signal with GBPCHFH1 time frame.
Structure: Downtrend
Break Key level of Correction wave and retest at 1.26200.
Wait for confirm downtrend at a smaller time frame and sell signal to trigger order.
Target is next support at 1.25000.
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Wish you all have a good trading day!
GBPCHF Preparing for SHORT ✅Lovely order on GBPCHF R:R 1:5
‼️Attention‼️ As soon as we get 50%✅ in profit, SL❌ to entry point & Save profit
Clear setup
@FxShzd trading style doesn't care about win rate only thing cares is Risk to Reward
Lets make trading simple W/ @FxShzd
Any question comment bellow
Wait for retest and sell signal with GBPCHFH1 time frame.
Structure: Downtrend.
Correction wave with Ascending channel.
Breakout Ascending channel at resistance 1.26400.
Wait for retest at this point and sell signal.
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Wish you all have a good trading day!
GBPCHF : 4H PRICE ACTION SHORT SETUPHi to all,
GBP/CHF is moving in a descending trend and came to test resistance again. This zone is so important i think, for breakout the trend and go long or come back and keep fall.
If it comes back and breakout the rising minor trend down, we can short it till 1.2450
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GBPCHF H4 TIMEFRAME ANALYSIS (SELL)We expect to sell this pair because it is experiencing a strong resistance upward and the New Jerusalem Indicator is turning red so we sell while hoping to make profit of 5R (risk to reward ratio). We KNOW WHAT WE ARE DOING AND WE DO WHAT THE MARKET IS DOING. This is more than an institutional analysis. Invest at your own risk. Hope you will come back with happy face on this one also. More success for you. All the best.