Gbpchfshort
GBPCHF 1HR Short IdeaMarket structure has shifted to bearish (breaking below the most recent swing low). Entry at bearish order block targeting the volume imbalance on daily. My trading is mostly based on ICT teachings. Still learning, studying and practicing.
Feel free to share your ideas!
Good trading!
#GBPCHF, Is there an end to the declines or not yet?Important weekly support has been breached.
The red line above the green line within the Ichimoku cloud marks continued declines.
The gbpchf is below all the important moving averages.
Uncertainty in the UK weakens the pound.
Uncertainty in the global economy strengthens the chf
Target: 1.1480
GBPCHF / H1 / Daily Forex Technical Analysis / 8.12.2019Hello Traders, welcome to the Daily Forex technical analysis. Today is August 12th, 2019 and we will be taking a look at the British Pound against the Swiss Franc. Looking at the 1 hour time frame, price action is currently heading upwards towards the previous area of resistance at the 1.79 region. If price action can hold at this level and not flip bullish by regaining this area as support we will look for an entry short. Entry for a Short position near the 1.7897 area, with a Stop Loss near the 1.18361 region, and a target level area of 1.17003 to possibly ensure a profitable trade with a 1.93 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!
GBPCHF STILL GOT A LONG WAY DOWN TO GOLooking at this pair we can see a descending triangle pattern on the 4hr time frame suggesting further continuation to the downside, targeting the bottom trendline which is also a low from a couple years back. Waiting for a correction to be formed before entering on the breakout.