GBPCHF – attempting a bearish breakout – the week of 13 Mar 2023Since Nov 2022, this pair has been attempting a resumption of the prior bearish trend although progress has been very slow and difficult. Price has been ranging between a trendline at the top and the horizontal s/r area at 1.070. However, PA within this triangle formation has been quite clean and the pair has consistently made lower highs. I am not convinced that a breakout is imminent, it is likely that the bulls have not given up entirely. Price may continue its movement within the triangle but I expect the 50 ema to start containing price below it during the coming week and eventually break down below the support area.
I will be monitoring PA on a lower timeframe during the week to find more evidence of bearish continuation. Entry short can be at breakout or upon a retest after the breakout occurs.
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Gbpchfshort
📌 Potential SELL setup for: GBP/CHF👩🏽💻Technical: The current trend in the market is bearish, and it's moving within a defined channel. Nevertheless, this setup is demanding a pullback. Without it, it's likely that your stop loss will be hit if you enter the market now.
🎯 For an ideal entry: If you wait for a pullback, you might be able to achieve a better risk-reward ratio since the moving averages can help protect your stop loss, so aiming to enter on a bearish candlestick formation would be even better.
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 1.1537. Also, according to the GBPCHF STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 1.1153 to the SUPPORT LEVEL.
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Pay attention to the CURRENT MARKET SENTIMENT..
GBPCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block + institutional big figure 1.14000.
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Sell GBPCHF SW 230223 12.45📌📌iDea Share Sell GBPCHF 📌📌
Link :
📍📍Open order 1.12100
Sell lim 1 1.12500
Sell lim 2 1.12900
Sell lim 3 1.34000
Sell lim 4 1.13800
Sell lim 5 1.14200
Tp 1.10800
Sl 1.14850
Warning !!! (Swing trade must be use pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Sell lim 1 0.15 lot
Sell lim 2 0.20 lot
Sell lim 3 0.25 lot
Sell lim 4 0.30 lot
Sell lim 5 0. 40 lot
Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Sell lim 1 0.05 lot
Sell lim 2 0.06 lot
Sell lim 3 0.07 lot
Sell lim 4 0.08 lot
Sell lim 5 0.10 lot
Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
GBPCHF SHORTWe are registering long term bearish momentum against the pound. Looking at the GBPCHF we are seeing a demand zone already tested several times with lower highs forming. This indicates the possibility of the demand zone being broken as bears strongly get into the market. In the short run, we have a CHOCH and BOS indicating a bullish correction targeting the 1.14 region. W e have our sell orders in the liquidity region targeting 1.1-1.08 region.
GBPCHF to find resistance at 0.618 pullback level?GBPCHF - Intraday - We look to Sell at 1.1300 (stop at 1.1335)
Buying pressure from 1.1195 resulted in prices rejecting the dip.
We have a 61.8% Fibonacci pullback level of 1.1298 from 1.1435 to 1.1075.
The 200 day moving average should provide resistance at 1.1250.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Further downside is expected although we prefer to sell into rallies close to the 1.1300 level.
Our profit targets will be 1.1195 and 1.1175
Resistance: 1.1580 / 1.1905 / 1.2115
Support: 1.1035 / 1.0870 / 1.0705
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GBPCHF is exactly moving according my analysis GBPCHF is exactly moving according my previous analysis and nicely given us almost 180 pips ( tagged ).
Now here we have two scenarios
Market is at strong middle resistance structure if market close above and hold it as a support then buy with small SL and target is upper resistance structure mentioned on chart.
If market hold the middle resistance structure and reject from the area then sell target is last lower area.
Always trade safe and must use stop loss.
If you like this idea kindly appreciate with like button.
GBPCHFA new pair is on our watchlist for this coming week… Here we have GBPCHF!
A bearish flag formation plus a breakout occurred last Friday so we expect the continuation this coming week.
We enter the market after we see a bearish price action confirmation around the retest of the breakout for a sell.
Trade safely guys!
GBPCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on GBPCHF .
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement after taking out sell stop liquidity and then to reject from bearish order block.
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GBPCHF - Daily Trade Idea - 13-Feb-23GBPCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
GBPCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect price to continue the retracement to fill the imbalance higher and then to reject from bearish order block + institutional big figure 1.14000.
Like, comment and subscribe to be in touch with my content!
GBPCHF - Daily Trade Idea - 9-Feb-23GBPCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
GBPCHF - Daily Trade Idea - 8-Feb-23GBPCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
GBPCHF - Daily Trade Idea - 7-Feb-23GBPCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
GBPCHF - Daily Trade Idea - 6-Feb-23GBPCHF (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.