Gbpchfshort
Possible trend reversal on GBP/CHFHi Traders
GBP/CHF (H4 Timeframe)
A medium to high probability, to go SHORT is forming @ 1.28716 after the market found resistance @ 1.29717. Only the upward break of 1.29717 would cancel this bearish scenario.
Trade details:
Entry: 1.28716
Stop loss: 1.29717
Take profit 1: 1.28186
Take profit 2: 1.27241
Take profit 3: 1.25701
Score: 7
Strategy: Bearish Trend Reversal
GBPCHF Sell Trade (My View)wE aRE FinaLLy $TarTing To See Sellers Coming In wItH CHF PaIr$ Plus This Pair Just Retested Major Daily Resistance & Failed::: Anticipating Either A Trend Change Or A PullBack. Either Way We Should Be Able To Take A fEW pIPS fROm tHE mARKET.. Expect A Slight Pu$H Up, tHen DoWn We Go
TP & SL All On the Chart!!!
GBP/CHF New Analysis To Catch More Than 400 PipsThis is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBP/CHF, important zone!🧙🏻♂️Remember our previous GBP/CHF setup? That's right, it hit our Target Profit and we made some good money. It is currently standing at a major descending trendline. We are currently waiting for the market to print some strong bearish candles before opening SHORT positions and aiming for the tectonic plates🙌🏻
GBPCHF POSSIBLE SHORT BEARISHThis is one of the pair I'm going to watch this week. GBPCHF almost reach to strong supply zone. If we get a nice rejection I will be in short. The first target is 1.24500 If we broke this level the second target is 1.23200. Also If We don't get a nice rejection from supply zone It's possible to reach 1.30800.
GBPCHF: The price Back to ITS TRENDLINEHi traders and welcome to my channel, if you enjoy my FREE Technical Analysis 📈 and Trading Tips 📉, support the idea hitting the LIKE 👍 button and don't forget to SUBSCRIBE ✔️ my channel, you won't miss anything !
🟢 Forex Pair :
GBP/CHF
⚪ Technical Analysis :
Since the end of January 2021, the price has been following an interesting uptrend following its main trendline.
On the 12th of February, a strong bullish impulse on the trendline, moved the price up breaking through the S/R zone at about 1.23700, reaching a strong weekly area at about 1.25500.
The price is currently re-testing the same level and considering that this level rejected the price many times in the past, there is a possibility to see a clear bearish retracement.
🔴 Conclusion :
The price has been moving with a strong uptrend since the end of December 2020, and now that it reached a really strong S/R zone, I'm confident to see an upcoming market reversal.
I'll be waiting for a proper rejection on the current level before planning my short position on this trade and my target would be the next support zone or any point on the trendline at about the 0.50% of Fibonacci retracement.
Stay tuned for Updates and Trading Signals !
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⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️
Trade Safe and Responsibly ,
Gianni