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Gbpchfshort

GBP/CHF - could move very quickly down after 1.1690!GBP/CHF price action broke out of an ascending daily trend channel on the 8th September. This triggered a bearish impulse taking price right the way back down to the 1.1690 level. Last week we saw price 'take a breather' and retrace back up to 1.1825 and then react from a 4H descending trend line, which is now forcing price lower. If we get another break of 1.1690 AND a definite close beneath it, we can only see price continuing down to the lows from March sitting at 1.1250. There is extremely little in the way of support that could act as a potential barrier for this move which may mean that it happens relatively quickly. Keep an eye on this pair! If price continues to close above 1.1690 this analysis would become invalid.
Short
by TheForexFellows
GBP/CHF - break-out from daily ascending trend channel on 4HThere has been significant volatility in the markets today and GBP/CHF has been no exception. Price has pushed to the downside and on the 4H timeframe has broken out of the daily ascending trend channel that has kept price in check since July. Price did break to the upside from the daily ascending channel last week, however, failed to post a higher high on the daily time frame. Combined with the overall weekly bearish trend, we will be looking to enter a short position from here, once we have confirmation that price will not re-enter the channel structure. We will wait for a retest of the channel or a further push to the downside potentially breaking support at 1.1905. If the channel is retested initial targets will be 1.1905 and a secondary target at 1.1885.
Short
by TheForexFellows
GBP/CHF SELL SIGNAL Hey tradomaniacs, welcome to a new free trading-setup. NOTICE: This is meant to be a preparation for you! As always we will have to wait fro a confirmation. GBP/CHF: Daytrade-Preparation Market-Sell-Order: 1,20630 Stop-Loss: 1,21285 Target 1: 1,20000 Target 2: 1,19690 Target 3: 1,18075 Stop-Loss: 65,5 pips Risk: 0,5% - 1% Risk-Reward: 2,50 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Short
by Trading2ez
1
Going Short On GBPCHF!!! Time to see a fall...As of now, we can see minimal bearish movement start to take place for GBPCHF. What I will be seeing now is a likely fall from this level to 2 important levels: 38.2 fib level and 61.8 fib level. Reason to point out this two level is firstly a bearish movement till 38.2 fib level followed by a rejection could mean that GBPCHF is still strong with it BULLISH climb. However, a 61.8 fib level retracement would signal to us that GBPCHF will be losing strength. As of now, I will short this pair with 2 level to keep in mind. 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