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Gbpchfsignal

GBPCHF | Perspective for the new weekThe British Pound appears to be staging a recovery since finding a bottom at Fr1.25000. The appearance of a Double Bottom within a strong Demand zone (Fr1.25000) which have a holding memory since July 2021 signals a rally should price Breakout/retest our Neckline (Key level @ Fr1.26000) in the coming week(s). Tendency: Uptrend (Bullish) Structure: Supply & Demand | Trendline | Reversal pattern (Double Bottom) Observation: i. It has been a Bearish run for the Pound since mid-September 2021. ii. The trend can easily be recognized after connecting a series of pivot highs together since the 20th of September 2021. iii. Trendline: The visual representation of a line drawn over pivot highs reveals the prevailing direction and speed of price action in the last couple of weeks. However, the price inability to break below Fr1.25000 during last week trading sessions says a lot about the preference of the majority in the market as indecision increases regarding selling the Pound for the Swissy. iii. Double Bottom: The appearance of an extremely bullish technical reversal pattern within a zone that has continue to be a critical spot for the high demand of the Pound (since July 2021) gives more credibility to my Bullish bias. iv. Completion of the reversal pattern is confirmed at Breakout/Retest of Neckline, a zone that also serves as a Key level. v. The early hours/days of the new week might see a plunge into the Fr1.25600 zone (represented on the chart in blue) before the rally continues. vi. This been said and as I continue to look forward to a successful breakout of Bearish trendline, above Key level @ Fr1.26000 remains a window to take advantage of the potential rally in the coming week(s)... Trade consciously!😊 Trading plan: BUY confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4 Potential Duration: 7 to 14days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPCHF Technical Analysis ⏳ Forex 💎 GBPCHF has got rejected several times from a significant resistance. It has also formed an Ascending Triangle which is expected to break below the Support and goes lower. 🏁 Short & Medium Term 💵 Invest Only 2% of your Portfolio 🎳 Entry at market or 1.27600 ☕️ TP1 1.26020 🍺 TP2 1.24500 🍻 TP3 ________ 🍾 TP4 ________ 🍷 TP5 ________ 🍸 TP6 ________ 🍹 TP7 ________ 🎁 TP8 ________ 🚫 SL 1.28200 Good Luck 🎲 Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button. ❤️ Your Support is really appreciated! ❤️ Traders, if you have your own opinion about it, please write your own in the comment box. We will be glad for this. Feel free to request any pair/instrument analysis or ask any questions in the comment section below. We will have more FREE forecasts in TradingView soon Have a Profitable Day
Short
by Fibonacci-Signals
2
GBPCHF H4 TIMEFRAME ANALYSIS (SELL)We expect to sell this pair because it is experiencing a strong resistance upward and the New Jerusalem Indicator is turning red so we sell while hoping to make profit of 5R (risk to reward ratio). We KNOW WHAT WE ARE DOING AND WE DO WHAT THE MARKET IS DOING. This is more than an institutional analysis. Invest at your own risk. Hope you will come back with happy face on this one also. More success for you. All the best.
Short
by Piptera-Digital-Solutions
7
GBPCHF | Perspective for the new week | Follow-upA total of 300pips move in our direction since my last publication on this pair (150pips move twice from Supply zone - see link below for reference purposes) and It is interesting how the Key level @ Fr1.27000 transposes into a major determinant of price action since February 2021 (check weekly/daily chart) as a Break above/below of this level incited a trend continuation. Following the latest development in the character of market structure coupled with the strength of the Breakout of Key level (Fr1.27000) that happened during last week trading session, I am about to switch bias from my previous speculation. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Reversal pattern (Double Bottom) Observation: i. Double Bottom: Structure reveals a change in trend and a momentum reversal from prior Bearish price action; The twice-touched low is considered a significant support level. ii. The appearance of a Double Bottom pattern culminated in a successful Breakout of the Neckline (Fr1.27000) during the course of last week trading session to set the pace for a potential Bullish momentum. iii. The Fr1.71000 area that "resisted" price for 9 days was finally broken on the 16th of June 2021 with an engulfing candle thereby expressing the Buyer's strength at this juncture in the market. iv. I am of the opinion that the Breakout is currently going through a Correction phase ("quick sells" from participants who took advantage of the Bull run) that will complete and find support at the Neckline area with the anticipation of a rally in the coming week(s). v. In this regard, I have identified a new demand level for future buying opportunity within the vicinity of the Fr1.27000/1.267000 area (see chart). vi. Should price continue as predicted, a break above Fr1.27650 might welcome addition to our existing position... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:5 Potential Duration: 1 to 5days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the financial market (including foreign exchange, commodity trading, CFDs, stocks etc.) involve high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
GBPCHF | Perspective for the new week | Follow-UpWith over a thousand pips since my last publication on this pair (see link below for reference purposes); The Pound has enjoyed dominance over the Swiss franc in the last couple of months and we are presently witnessing a drop in Bullish momentum as price action appears to have transitioned into a corrective phase since the successful Breakdown of Fr1.28000 (Key level) on the 7th of April 2021. Even though we are on an overall Bullish trend (see weekly chart); I am planning to take a counter-trade opportunity on this pair, why? We might be experiencing a risk of further decline in the coming week(s) as participants who took advantage of the Bull do quick profit-taking with high hopes of a rally in the nearest future. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand Observation: i. Breakdown of Key level @ Fr1.28000 has been followed with the multiple rejections of this level as price continues to trade under in the last one month. ii. From a Bearish perspective, trading below Fr1.28000/1.27000 seems to be a safe juncture to place sell orders in the coming week(s). iii. Even as Bearish momentum appears imminent, it is important that we take into consideration the major Demand zone @ Fr1.26000/1.25500 area which has held price "supported" since Feb 2021. iv. With such a strong Demand level ahead of us on this Bearish journey, it is advisable that we remain conscious as any significant rejection of this level might incite a rally continuation. v. However, should a Breakdown of Demand level happens in the coming week(s); an opportunity to add a position at retest appears to be most appropriate. vi. CAUTION: a. Break above and retest of Fr1.280000 incites rally continuation b. Long term perspective is Bullish hence the need to be conscious throughout the course of this trade is VERY VERY important... Trade consciously! :) Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4 Potential Duration: 6 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
2