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Gbpchftradingsetup

GBP/CHF 1D Chart: Heads towards 55-day SMAGBP/CHF 1D Chart: Heads towards 55-day SMA The British Pound is simultaneously fluctuating against the Swiss Franc in three different patterns. The largest ascending channel started to form a year ago and nowadays consists of three reaction highs and two reaction lows. The medium ascending channel represents a fragment of the dominant formation and is lying along the rising 55-, 100- and 200-day SMAs. Accordingly, the third ascending channel began to form within the secondary pattern. As the currency rate has recently made a rebound, the Sterling is expected to enter into the new depreciation phase. In this sense, combined support set up by the 55-day SMA as well as the bottom boundaries of two secondary might temporarily withhold the pair above the 1.30 mark. But eventually the new medium-term downtrend is expected to prevail.
by UnknownUnicorn890690
GBPCHFWith the release of the Rightmove House Price Index this morning showing falling house prices in the UK we still have no reason to be bullish on the Pound. GBPCHF has been in a strong downtrend of late, indicated by the lower lows and lower highs on our chart. We are looking at a very simple swing trading opportunity here by selling at the Weekly Central Pivot Point, IF an opportunity to enter a trade presents itself. If not, we will re-assess at the 61.8& Fibonacci retracement level.
Short
by Mase_00_7
Potential Long on GBPCHF Based on 4H Chart H&S FormationHi Guys So I think we've got an upside down H&S pattern forming, whch looks clear to me on the 2H + 4H charts. If someone can kindly check and confirm the same, I would appreciate any comments. I've measured and marked out with pink arrow + green target zone based on length of Head from neckline. This research is for informational purposes and should not be construed as personal advice. Trading any financial market involves risk. Trading on leverage involves risk of losses greater than deposits. Please comment below and Like if you agree with my analysis.
Long
by AEFX786
4
Great Britain Pound-Swiss Franc's decline continuation? Part IITwo days ago, we've seen the Great Britain Pound rise towards all of its pairs due to the decline of the Dollar... except from the Swiss Franc. After my re-analysis of this pair (see my previous analysis at my Link to Related Ideas), I've seen another trend line on play at daily. Despite the ongoing ascending trend line , there is still a trend line on 4-hour suggesting a downside trajectory. I will be holding my short trade and will see where this will go. For safety of others, I will be putting the Investment Strategy on Neutral.
by bearvsbullmarket
GBPCHF - Support Texted and HoldingHi folks, I meant 'tested' but texted is more interesting? haha... I am long the GBPCHF (again) and for the same reason as yesterday (see the link post for details). Support for this pair continues to hold even after being tested. This 'should' mean higher prices. I hope we don't have to wait for GDP for a decent move. My level are on the chart. I'll update if I decide to close early (which has been the case lately). Trade safe and keep an eye on news!
Long
by riffster21