GBP/CHFMy current bias for next week is bearish already caught 1/2 RR on it this week and thought I should start sharing my ideas and see if others see what I see
CHFGBP trade ideas
Bearish drop?GBP/CHF is rising towards the pivot which is a pullback resistance and could drop to the pullback support.
Pivot: 1.11743
1st Support: 1.11090
1st Resistance: 1.12120
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GBPCHF Nearing Completion of Bearish Harmonic PatternGBPCHF Nearing Completion of Bearish Harmonic Pattern
Today, the economic calendar was empty, yet GBP displayed unusual bullish moves.
Considering that the price is near a strong zone where it has been rejected several times, the odds are that GBPCHF may move down again.
If the pattern completes, the price could drop from 1.1300.
However, given CHF's long-term strength, it's possible the price might decline even before the pattern's completion.
You may find more details in the chart!
Thank you and Good Luck!
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SELL ORDER - GBPCHF SELL ORDER FROM 1.3050
SL - 1.13950
TP -1.11900
TRADE AT YOUR OWN RISK - NOT FINANCIAL ADVICE
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GBP/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
GBP/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 12H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.121 area.
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GBP_CHF RISKY LONG|
✅GBP_CHF made a retest
Of the falling support line
And we are already seeing
A bullish rebound so we are
Locally bullish biased and
We will be expecting a
Further move up
LONG🚀
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GBP/CHF Surges as Bank of England Hikes Rates, Eyes 1.14000 Targ
Following the Bank of England's decision to raise the Official Bank Rate from 4.75% to 5.00%, GBP/CHF is expected to see bullish momentum. The rate hike reflects a more hawkish stance from the BoE, which could attract investors to the Pound, strengthening it against the Swiss Franc. With this upward pressure, GBP/CHF may continue its bullish trend, targeting the 1.14000 level as a potential resistance. Traders should monitor any follow-up commentary from the BoE for further confirmation of this upward movement.
Scenario GBPCHF levels update The update of my analysis on this market is explained by specifying the level in which some interesting formations can be created, the most interesting place for me, if my scenario were to be fulfilled, the point is marked where the next continuation will be decided
GBPCHF | 04.11.2024BUY 1.11800 | STOP 1.11300 | 1.12300 | It is recommended to open long positions at the current price with a target at the level of local highs.
GBPCHFIf the analysis aligns with the market's actual direction, and the currency pair moves in the anticipated direction (up for a buy trade or down for a sell trade), the trade will likely yield a profit. The magnitude of the profit will depend on the size of the price movement, position size, and leverage used.
GBPCHF / SHORT / M15GBPCHF may fall from the Bearish Order Block
Bearish Order Block: 1.12562 and 1.12521
GBPCHF may move down from the bearish order block, with a high probability of ending in profit. The price has already touched the order block, signaling an opportunity to open a short position. I’ve used Smart Money Concepts (SMC) to analyze the charts. Let’s see how the price reacts here.
GBPCHF / SHORT / M15
LOT :- 0.1
Entry Price :- 1.12524
Take Profit :- 1.12177
Stop Loss :- 1.12871
GBPCHF LONGAlthough we've been experiencing rallies on this pair but the bias still remain the same, "LONG". A bit of patience is required to see this through.. I have my buy limit set already.. What do you think?
GBPCHF BEARISH FOR 80 PIPSTechnical Analysis Factors:
Support Level: The pair may have reached a strong support level where buyers saw value, creating a demand zone that halted the downtrend. Look at previous price action and identify historical support levels where price has rebounded in the past.
Oversold Conditions: Indicators like the RSI or Stochastic Oscillator could indicate oversold conditions, prompting buyers to step in as prices are deemed undervalued.
Fibonacci Retracement: If this is a pullback within a larger trend, an 80-pip bounce might align with Fibonacci levels (like 38.2% or 50%) from a prior move.
GBPCHF Potential UpsidesHey Traders, in today's trading session we are monitoring GBPCHF for a buying opportunity around 1.12200 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend 1.12200 support and resistance area.
Trade safe, Joe.
GBPCHF / M15 / SHORTGBPUSDT may fall from the Bearish Order Block
Bearish Order Block: 1.12928 and 1.12838
GBPUSDT could potentially decline from this bearish order block. I've used Smart Money Concepts (SMC) along with additional indicators for confirmation. There’s a strong probability that this trade may end in profit. Let's watch how the price reacts.
GBPCHF / M15 / SHORT
LOT :- 0.3
Entry Price :- 1.12836
Take Profit :- 1.12586
Stop Loss :- 1.13086
Scenario GBPCHFHere I see possible preparations for short positions, the analysis solves possible scenarios for the completion of the correction, the first scenario is that the price will reach the upper trendline, the second from the correction will eventually be formed as a head-shoulder formation
GBP/CHF on the 4 TF is neutral for nowThe chart price action and indicators seems to be bullish, probably because it's forming an Ascending Triangle. The overall trend appears cautiously bullish, as seen from the series of BOS and the sustained price action above key support zones. We must keep an idea at major resistance zones around 1.1300 and the 29% Fibonacci Premium level, as they may induce selling pressure.
Bullish bounce?GBP/CHF is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.1268
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.1217
Why we like it:
There is a pullback support level.
Take profit: 1.1326
Why we like it:
There is a pullback resistance level.
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GBPCHF Buy IdeaOANDA:GBPCHF has broken the last high indicating significant upside momentum. We can look for buying setup at discounted price range of fib 38-50%
GBPCHF - 4hrs ( Buy Trade Target Range 200 PIP ) 🟢 Pair Name : GBP/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Long )
———————————
Bullish Break
1.12850
Reasons
- Major Turn level / W
- Visible Range Lvn
- Choch
- inner Fibo Golden
- FIxed Range Hvn
- Day low
Bearish Reversal
1.14500 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Pattren Target
- Fibo Golden Zone
