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Gbpchfshort

GBPCHF 161.8% Rejection...BEARISH Outlook!!!Last Friday's candle showed us a clean rejection off the 161.8% fib level. However, we have yet to see any form of confirming candle. Today's candle is a neutral candle for us as we managed to see a lower opening but BULLISH movement today. Although there is not much confirmation on this pair, I will be eyeing on a fakeout from 1.2323 resistance level. Today's neutral candle might also signifies that a fakeout is valid as we did not managed to see a clear breakout to the upside. As of now, I am leaning towards a BEARISH retracement for this pair. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
3
GBPCHF: The price is going back to its MAIN 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 10th of January 2021, the price has been moving following an interesting trendline, bouncing on it many times. Once it reached the S/R zone at about 1.21700, it got several rejections on that level, finally breaking through it on the 29th of January. It re-tested few times a strong weekly resistance zone at about 1.22800, creating every time a higher low. It is currently re-testing the same level and the next price action around this zone will be essential to understand the next market movement. 🔴 Conclusion : The price seems to be not really strong enough to break through the current resistance zone and considering that the level 1.22800 rejected the price many times in the past and few pinbars in the daily perspective, I'm confident to see it collapsing down until its main trend line and eventually the next support zone at about 1.21700 Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
12
Pending short GBPCHF 21 Jan, 2021This pair has found it difficult to overcome the resistance zone located between 1.2220 and 1.2140 since March 2020 and it is stalling here again. Since that time, we have a range and I expect price to start moving down again soon, even though GBP is strong ATM. I used the H8 chart (not shown) to locate my entry at 1.21400, if indeed price moves down. I am using the round number 1.200 as my initial target. That level has been active in the recent past too. With a 2.3R this target meets the criteria for a viable trade, while a move down to the 1.750 region is not impossible either. If you like my analysis please give it a “thumbs up” and follow me to get immediate notifications. As always, please use sound money and risk management in all your trades.
Short
by Trading_Vista
GBPCHF: An upcoming MARKET REVERSAL!Hi 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 December 2020, the price has been following a strong bullish movement, bouncing and keeping the price over the main daily trendline. One week ago it reached an important weekly resistance zone, that rejected the price many times in the past and it has currently re-testing the same area. 🔴 Conclusion : Considering the daily and weekly time frame, the current level rejected the price many times and there is good chance to get another rejection. Aggressive traders would probably entry short soon, but I feel more conservative and I'll be waiting the breakout of the main trendline before planning my short position. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
12
[Market Breakdown 1] GBPCHF 4HOn the 4H chart we possibly can receive a Head & Shoulders pattern as confirmation. We want to see very corrective nature approaching our zone of interest or clear deceleration before considering a trade. Our zone of interest would be the 78.60 Fib. Clear Supply & Demand zone sitting around that region also. As i have mentioned before this would be a 0,5% trade as we are still in an uptrend on the Daily chart. We want to stay neutral of course and we want to anticipate on the situation. A long set-up is possible also as nobody can predict the market. If that's the case we want to see an impulsive break and corrective nature retest.
by Pipjager
GBPCHF short trade ideaPlan: wait for the price to bounce off from trendline or resistance level --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar, etc --> SELL **Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. Traders!! if you like my ideas and do take the same trade as I do, please write it in the comment so we can manage the trade together. _____________________________________________________________________________________________________________________ Thank you for your support ;) GWBFX
Short
by GWBFX
GBPCHF: Is the Price BREAKING its TRENDLINE? Hi 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 : In the weekly time frame, since March 2020, the price has been following a clear side trend, reaching many times its support and resistance level. It has currently reached a strong resistance zone at about 1.21281 and there is a possibility of market reversal. In the daily time frame, at the beginning of December 2020, the price got a strong positive impulse, moving up reaching the main weekly resistance level. It is currently retesting its dynamic support. In the h4 time frame, the price is clearly following a strong uptrend, bouncing many times on its dynamic support. It got few rejections on the resistance zone at about 1.21500 and it's now retesting the dynamic support of its trendline. The next price action around that level will be essential to understand the next market movement. 🔴 Conclusion : The price has just reached an important weekly resistance zone that rejected the price many times and we can definiltely see that it is losing strenght to grow. I'm confident to see the price breaking its dynamic support line and falling down until the next support zone at about 1.19250. I'll start planning my short trade only once the price will break and retest the dynamic S/R level. Stay tuned for Updates and Trading Signals ! What's your opinion? Share your idea writing a comment! ⚠️ Please note the views are not investment advice and should be used only for educational purposes ⚠️ Trade Safe and Responsibly , Gianni
Short
by FXtrades-gp
8