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Gbpchfshort

GBPCHF - Bearish Trend - ShortBased on the chart, it appears that there is a bearish trend forming as evidenced by Lower highs (LHs) and lower lows (HLs). Further analysis using the Relative Strength Index (RSI) indicates that there is currently no divergence present. I recommend taking a short trade with a risk/reward ratio of 1:1. Please note that this is my personal analysis and trade plan, and it is important for you to conduct your own research and risk management strategies before making any trading decisions.
Short
by mansooryousafzai
GBPCHF to turnaround at 61.8% retracement?GBPCHF - Intraday Buying pressure from 1.1108 resulted in prices rejecting the dip. The current move higher is expected to continue. Although this gives the medium term bias a mild bullish edge, we expect intraday trading to continue to be mixed and volatile. Preferred trade is to sell into rallies. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 1.1270, resulting in improved risk/reward. We look to Sell at 1.1255 (stop at 1.1295) Our profit targets will be 1.1150 and 1.1130 Resistance: 1.1250 / 1.1315 / 1.1415 Support: 1.1150 / 1.1080 / 1.0990 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
1
GBPCHF SHORTGBPCHF On the one-month timeframe, GBPCHF displays a strong bearish trend, creating new lows. The long-term outlook on the monthly timeframe is largely bearish, though the pair was in a bullish mitigation or correction. Dropping down to the weekly timeframe, we see a break in structure that created the new low at 1.0 price handle. Thereafter, there was a strong bullish correction targeting supply at the 1.16 price handle. Since then, we have seen this pair create lower lows, indicating a bearish correction targeting the unmitigated demand (yellow order block). Presently, we are monitoring the pair as we anticipate it to push lower and break the key structure (KSD). Thereafter, we will have two options: a. A minor bullish correction targeting the unmitigated supply at the 1.14 region where it will pick orders and slide further targeting the unmitigated region (orange arrow). b. The break in daily volume will result in a further bearish slide targeting unmitigated demand. This option, represented by the red arrow, may not give sellers an opportunity to enter the market. However, buyers can look to enter once demand is mitigated. How do we intend to trade this pair? We have a bearish bias in the interim, therefore, we are anticipating Option (a) to play out and pick our sell limit orders sitting at 1.1435 (liquidity) targeting 1.073. NB: Our analysis is strictly based on supply and demand, suitable for swing traders. Risk Warning: CFDs carry a high level of risk to your capital, and you should only trade with money you can afford to lose. Trading may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: I am not a financial advisor, and I am not telling you where or when to take a trade. I express my personal opinion only. Trading in financial markets involves risk. I am not responsible for any losses incurred due to your trading. I do not recommend any specific trade or action, and any trades you decide to take are your own.
Short
by morrisgitau
Is GBPCHF – running out of steam ?? – the week of 06 April 2023As my H8 chart shows, this pair has been struggling to keep making higher highs. In fact, we are now seeing marginally lower highs. The recent high at 1.9797 is worth keeping an eye on. If the next high is lower than that and the recent low at 1.9610 gets taken out, this pair will be bearish. If however, we get a higher high, this will negate my analysis. There is a big advantage in getting into a trend early, and we could get it here. If this works out as I expect, this trade will have an open target. My stop just above the recent high will be gradually moved lower, taking care to give enough room for spikes and for other movements that price always makes. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
2
GBPCHF ANALYSISLet's see how this goes for GBPCHF... Disclaimer: The information provided in this analysis is for educational and informational purposes only. It is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice. The analysis is based on the author's personal opinion and should not be interpreted as a guarantee of any specific outcome or profit. The author is not a financial advisor, broker, or dealer, and shall not be held responsible for any losses incurred as a result of using this analysis. Trading and investing involve a high degree of risk, and individuals should carefully consider their investment objectives and risk tolerance before making any investment decisions. The author does not guarantee the accuracy, completeness, or timeliness of the analysis. Any examples presented are for illustration purposes only and do not represent actual investments or trades. The Coffee Trader
Short
by thecoffeetraderofficial
2
GBPCHF : Current Situation & Technical , Fundamental View- VIX is slightly UP, so CHF has become somewhat STRONG with the SNB RATE HIKE. Due to this STOCKS and XXXCHF CURRENCY were slightly SELL. GBPCHF was also SELL because of that. Currently there is a RISK OFF BIAS. Therefore, GBPCHF may sell slightly in the future. - Currently GBPCHF LONG TERM can move up to the LEVEL 1.7000. Also, according to the GBPCHF STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 1.1218 to the SUPPORT LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Pay attention to the CURRENT MARKET SENTIMENT..
by benny_marshall
Selling $GBPJPY hereTrade type AAA Reasons for taking this trade: We have just cleared buyside liquidity. This was aided by FOMC rates. GBP rates (0.25% increase) were the same as dollar hence bearish. 4hr tf has closed bearish Daily chart looks bearish as well after filling the daily FVG yesterday on this trade👇🏾 Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐 I usually use trade types to determine the amount of risk to use: In AAA - 1, 1.5 and 2% In BBB - 0.5% IN CCC - 0.25%
Short
by Sherman_Trades
2