GBPCHF is in BEARISHThe market has rejected its major resistance and from that level market is started to fall to its very near support.
Gbpchfshort
GBPCHF shorts into 1.2680GBPCHF is at weekly resistance and has just formed a bearish engulfing formation pattern. I believe it is overstretched to the upside and that a retracement is inbound. 90 pip target. Let's see how it goes!
GBPCHF Set to Run the Last Bearish Leg Before Rally ResumptionGreetings fellow risk-takers!
The pair is GBPCHF, and buyers are getting exhausted around this strong resistance line. Two things are needed to break through this resistance: High-impact news or another bear run to collect momentum need to violate this resistance: the latter is likely.
It may be safe to ignore any buy opportunities at the moment until decisive breakout to the upside or after price has extended its bear run.
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*This is for entertainment purposes only and shouldn't be construed as investment advice.
Happy Trading!
GBPCHF facing bearish pressure, potential for further downside!Prices are facing bearish pressure from descending trendline resistance, horizontal swing high resistance, 127.2% Fibonacci retracement and 50% Fibonacci extension. Prices might push down towards horizontal swing low support in line with 50% Fibonacci extension. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. EMA is also above prices, showing a bearish pressure for prices.
GBPCHF - Bearish BiasGBP - Strong Bearish
1️⃣ Rising tensions between the UK and EU over the Northern Ireland protocol pressured the GBP.
2️⃣ Ongoing concerns that the opening of the UK economy could still be delayed due to the implication of the Delta variant of the coronavirus, which reported to be around 40% more transmissible.
CHF - Weak Bullish
1️⃣ The strength in CHF has supported by the dollar weakness and mixed market sentiment.
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Technical
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We are selling the GBPCHF at RBS + pivot point on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
Gbpchf short Daily close under upward trendline =Confirms break in structure.
Golden zone retest and fails to break = strong resistance
Double top pattern looking most likely for one more retracement to complete head and shoulders. And complete criteria for long term sell. TP and SL indicated in the chart.
Sell Setup on GBP/CHFIt made equal highs , stop run , Clear Break of structure and price came down the entry level. Risk reward 1:3.
GBPCHF HEADING BACK DOWN 4HRGBPCHF HEADING BACK TO .5 FIB, MAY SEE RESISTANCE ON 200EMA
LEAVE RUNNER OPEN TO TARGET NEXT FIB LEVEL
GBPCHF facing bearish pressure, potential for further downside!Prices are facing bearish pressure from 1st resistance in line with 61.8% Fibonacci retracement and 61.8% Fibonacci extension. Prices might push down towards horizontal swing low support in line with -27.2% Fibonacci retracement and 100% Fibonacci extension. If prices push up further, prices might face resistance from horizontal swing high resistance in line with 100% Fibonacci extension. EMA is also above prices, showing a bearish pressure for prices.
GBPCHF: short opportunityHi Traders,
This is my view on this pair for the next few days.
#GBPCHF
SELL 1.2756
SL 1.27838
TP 1.262
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
GbpChf Sell 5/14/21GbpChf Analysis: Expecting price to sell off to 1.23668. Price rejected off of resistance 1.27968. Price formed a evening star too. It is possible price can continue up use to the corrective nature price is in
GBPCHF SHORT IDEAas we can see price forming a double top pattern. we can look for a sell here as price respected the resistance before and we can see a big falling till around 200+ pips and going with a 1:3 .lets see what market gives us
GBPCHF Will Go Down! Sell!#GBPCHF is retesting the horizontal resistance
And I think that we will see a pullback from this level
To at least the mid-range local demand level
With the potential to go much lower
Sell!
GBPCHF Shorts with 4 Listed confluences List of confluences:
1: Double Top Pattern Formation
2: Trendline Breakout
3: New Low Creating Showing a Change in Market Structure (Bearish)
4: Retest of Previous Higher Low and Double Top Neckline.
Trade duration: 2.5 to 3 weeks
GBPCHF: short opportunity on DailyHi Traders,
This is my view on this cross for the next few days.
#GBPCHF
SELL 1.27645
SL 1.30053
TP 1.2285
I remind you that this is only a forecast based on what current data are.
Therefore the following signal will be activated only if specific rules are strictly respected.
If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals.
I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view.
Thank You
———————————
Pietro from Trading Kitchen
GBPCHF - SHORT (4/5/2021)Reason to Entry :
1. resistance at 200 MA
2. Resistance at Bearish Trendline Resistance
3. Bearish Trend
4. Divergence
5. Wait for confirmation (go through the sell stop position)
Trade it at your own risk, make it 1% from your capital. this set up only for my study purpose only
** GBPCHF** heading towards TP, will it reach the finish line?Hi all, hope your having a great week, really happy with current performance for the strategy, forward testing is showing solid results across the board.
The entry price, stop loss (in pipettes) and take profit are shown on the chart itself.
Just something I'm working on in Pine script, I'll share as many trading ideas as and when I can, so I can document my progress.
My name is Al, I'm 40 and from the UK.
I've been trading for a few years, my key goal is to automate my strategies and remove as many decisions as I can.
Any questions, feel free to drop me a direct message if I can help.
These ideas, aren't specific advice from me - so if you enter, of course do your own due diligence - always manage your risk like a pro too.
This is all for information and education.
Have a great day,
Al.
🙂
PS. Check my other 'Related Ideas' too.
GBPCHF IdeaG'day Guys.
Here another pair that might offer good profit.
Here my idea on this pair. We looking for the pair to create resistance level before expecting another drop..
Let's see what happen next.. cheers
