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Gbpchfshort

GBPCHF Analysis: Price may fall towards the trendlinePrice has already broken the structure from the lower side on hourly time frame and is retesting the breakout. Price has previously respected a trendline a number of times. It may fall as a result of the breakout as well as it to test the trendline for another time. This setup will only be valid if the price does not manage to break back into the structure and retests the breakout successfully. I would appreciate your views on the pair. If you like the analysis hit the like to show support.
Short
by John_Mwaniki
1
Selling GBPCHFFrom a technical and trading perspective the GBPCHF has tested a resistance cluster 1.2850/1.29 containing symmetry,equidistance swing and fib significance. Yesterday’s bearish key reversal coincided with an exhaustion volume spike on the prior test of resistance, the tails on the daily candles combined with daily divergence suggest near term exhaustion. A breach of 1.27 today would confirm the reversal pattern and open a move to test prior resistance as support at 1.2490, a breach of 1.2785 would negate the pattern and give cause to reassess.
Short
by FXCareerSwap
FOLLOW ME: GBP/CHF SHORT OpportunityGBP/CHF is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry. Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing! COLOR KEY (which time frame each markup is based on): RED - Monthly ORANGE - Weeky GREEN - Daily AQUA BLUE - 4H PINK - 1H LIGHT BLUE - 15M PURPLE - 5M Feel free to leave your thoughts in the comments below! Make sure to BE RESPECTFUL OF ALL COMMENTS so that we can utilize this platform to help each other and to build each other up! After all, we're all here looking to build our wealth so let's do that with a unified spirit. :)
Short
by Jabest
1
GBPCHF Bearish PlanIn reference to this plan below, the pair didn't exactly stay inside the range but there was certainly a bull trap/stop hunt/liquidity run above those levels. I am anticipating the price would reach the 20-week AWR downside projection this coming week. Based on this anticipated move, I need the price to tap into one of the levels I marked on the charts, to warrant my short position of the pair The ongoing risk for bearish plans for any sterling pairs is any development on Brexit related news such as bad things happening to Borish Johnson expense and or bad news on no-deal Brexit. No risk event for Switzerland
Short
by sufiansaid
1