Gbpchfshort
GBPCHF SELL PLANGBPCHF H4 CHART.
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GBPCHF, 4hr tf, sell wave-C breakdownHello my friends,
Today we are going to sell GBPCHF.
As you can see, i already marked our horizontal support and resistance level.
I also do the Elliott waves analysis and found that we got a nice opportunity to try selling GBPCHF.
We're now on ABC correction in my opinion and we could break wave-C into 5 waves.
Waves-iv now completed and we will soon see price rotate lower to complete wave-v.
We use elliott waves rules where 4th wave can't touch 1st wave area as protectice stop loss.
Sell GBPCHF 1.2000
Stop loss 1.2040
Take profit 1.1880 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
📢GBP/CHF Short opportunity Simple impulsive move break and retest setup. Just waiting on the pull back now 👍
GBPCHF SHORT - PRICE HAS REACHED DAILY LEVELPrice has reached key daily level and is moving very correctively on the H4 timeframe showing signs of weakness and a potential reversal and a swing to the downside is becoming more probable. Price has tried to break through this level 2 times before and is now on its 3rd attempt, so if we see price hold we can expect to see a bearish swing to the daily level below which was resistance but will now be acting as support.
Comment below what you think will happen to GBPCHF
HAS BEEN REACH TO RESISTANCE, NOW TIME BACK TO SUPPORTHAS BEEN REACH TO RESISTANCE, NOW TIME BACK TO SUPPORT WITH TARGET TP 1.18500, SL 1.21550. MORE SIGNAL MESSAGE ME
GBPCHF downtrend setupprice direction: DOWNTREND
potential target price: 1.2090
**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.
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Thank you for your support ;)
GWBFX
gbpchf sellhi traders,
Price has created a double top which suggests bearish movement as an added confluence
price will push down to test the structure.
If price breaks structure, i expect more of a bearish movement down to the 0.618 fib region
GBPCHF Reaching A Level Of Strong Resistance!!!Currently, we managed to see GBPCHF moving towards a level of great resistance where we saw multiple rejections. After moving to this area, I will expect a BEARISH retracement back to 23.6 fib level also where a support level lies @1.2120. This will be an important level to lookout for if there are still BULLISH strength to this pair as a potential rejection from there could potentially means more to the upside and a breakout of 1.2192 resistance level. As of now, I see a great short opportunity to the support level at the same time observing for a breakout of the support to hold my trade to the next support level @1.9120. Do remember to watch out for potential rejection at 1.2120 if you plan to TP at a lower price.
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GBPCHF IS SELL#gbpchf #gbpchfshort #gbpchfsell
As price is on the resistance level and also showing price action for sell so i am expecting that market will fall i am Trading that pair with a nice risk to reward ratio so you can sell that.
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Time to short GBPCHF?GBPCHF has alligned perfectly for a correction here. We saw impulsive movements earlier in the month, which are now followed up by a corrective phase. As of now, we are bearish as GBPCHF rejects off the 61,8% fib level and is signaling a drop soon. Should we see price exit the rising wedge, we could safely enter, but for those interested in an aggressive entry method, like me, we go in now with a stop loss above the previous High. Let's see what this pair can bring us in.
GBPCHF SHORTOn the daily chart the price began its decline after it touched the daily key level. The price has pulled back to the 50% fib level and has formed a bearish flag on the 4h chart. I will take another short right here.
Good luck !
GBPCHF Sell Opportunity!!! Bullish Retracement Completed!!!We can see that BULLISH strength is starting to weaken as it recently moves near the 50.0 fib level. For now, I will be seeing great BEARISH pressure from 50.0 fib - 61.8fib level max. Having said that, 61.8 fib price level is also where a strong resistance level lies (@1.2120). You can choose to enter a few trades for this pair at the various level or if you will want to take the risk you can enter at 50.0 fib level. I will see this pair moving to the support level @1.1918 also where the ichi cloud is. Further movement will be updated again.
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Bearish movement in GBPCHF or Consolidation continuationStrong suggestion of a bearish continuation for now. Low volume means a possible prolonged consolidation period that could see ranging until Tuesday.
Rejection at the violation zone (box below) would validate the ranging warranting a break and retest of it with some big engulfing moves.
Two Options for GBPCHF Movement. Feel free to commentGBPCHF has been moving as expected thus far. Big movers (banks) appear to be taking profit on their buy orders and have potentially begun acquiring buy orders. To verify this info I would look for a push down due to a lack in volume and too high orders that force market down. From here we will see what they plan to do.
A move further down would below lower level would hint at an accumulation of more buy orders and thus could expect a push up later in the week or the start of next.
A brief (few hours or day) move down to the lower level then back up to the current level or above would validate my suspicion of the Big Movers taking position for the Sale to come.
The volume of willing participant will effect the time-frame of these movements so I will be hoping that Volume is above the 20 avg. to make this movement go smoothly. Otherwise, some prolonged ranging in the markets as they try to accumulate and dump as many positions as volume will allow.
FX:GBPCHF
