CHFGBP trade ideas
GBPCHF Is Approaching The Daily TrendHey Traders, in today's trading session we are monitoring GBPCHF for a buying opportunity around 1.11400 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 1.11400 support and resistance area.
Trade safe, Joe.
GBPCHF On The Rise! BUY!
My dear subscribers,
This is my opinion on the GBPCHF next move:
The instrument tests an important psychological level 1.1191
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1260
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBP/CHFOn Monthly, it's going sideway in the past 4 months or so. Price is dancing around 1.1200 Psychological SUpport as the long term shows Bearish movement for the past years.
Weekly chart doesn't add any more data.
On Daily, seems ther is a uptrend towards Monthly Upper Bearish trendline (Red line) .
On 1H chart, 200, 50 and 20 EMA are above the price and showing Bearish move, towards the bottom Bullish trendline (Blue).
It seems overall at the high level, movement is Bearish, but short term Bullish and perhaps it may be consolidating to continue Bearish move.
GBP/CHF SENDS CLEAR BULLISH SIGNALS|LONG
Hello, Friends!
Previous week’s red candle means that for us the GBP/CHF pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.133.
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GBPCHF: Double Top Formation at Key Resistance Level
The price action in GBPCHF has recently unfolded in a way that aligns with the bearish scenario I outlined previously. A noticeable shift in market sentiment occurred when the pair decisively broke and closed beneath the ascending trendline that had been guiding the bullish momentum for some time. This break below the trendline is a key indication that the prior upward pressure has weakened significantly, shifting the overall market dynamics towards a more cautious, if not outright bearish, outlook.
Adding to this bearish case is the formation of a double top at a critical resistance level. This technical pattern is often a strong signal of an impending reversal, and in this case, it has further undermined the bullish structure that had been in place. The resistance zone around the recent peaks has proven to be a major hurdle, and with the double top now confirmed, it strengthens the case for a potential decline in price.
After testing and consolidating near the psychological level of 1.13000, the market has shown signs of weakness, dropping lower and suggesting that the bears are starting to assert control. This price action suggests that the bulls, despite some attempts to hold above this level, are losing steam. The recent price movements point towards a weakening of upward momentum and an increasing likelihood that the market will continue its retreat.
On the daily chart, we can clearly observe a phase of consolidation, where the price has been ranging within a well-defined zone. This period of consolidation appears to be coming to an end, with the price recently reacting off the upper boundary of this range. The bounce off this level seems to indicate a renewed bearish sentiment, and it is plausible that the price will now start to move downward, potentially heading back toward the lower boundary of the consolidation zone. The next logical target for the market would be a retest of this lower boundary, which is likely to provide some support, although it could also be a point of further breakdown.
What is particularly noteworthy is the behavior of the most recent daily candle. This candle closed firmly in the red, displaying a strong bearish move and reinforcing the idea that selling pressure is taking control. If this momentum continues, it is highly probable that the price will test the low of the previous day, potentially leading to further downward movement.
In the near term, my primary focus is on the support zone around the 1.11850 level. This area has the potential to act as a key level of support, where we could see some price action stabilization or even a possible bounce. However, the general market structure, particularly with the double top and the bearish daily close, suggests that the path of least resistance is to the downside, and 1.11850 could act as an important point of interest for further bearish continuation.
Given all these factors, I’m leaning toward a bearish outlook for GBPCHF, with eyes on the support around 1.11850 as the next critical level. If the market fails to hold above this area, we could see further acceleration to the downside, with potential targets coming into play lower down the chart.
GBPCHF Poised to Reach 1.1100: Here's WhyGBPCHF Poised to Reach 1.1100: Here's Why
From our previous analysis, GBPCHF completed a bearish harmonic pattern and has already reached the first target perfectly. What may happen next, and why could GBPCHF move down more in the coming weeks?
You may watch the analysis for further details!
Thank you:)
GBPCHF Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The price is coiling around a solid key level - 1.1296
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.1245
Safe Stop Loss - 1.1328
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPCHF SHORTMarket structure Bearish on HTFs 30
Entry at Weekly and Daily AOi
Weekly Rejection at AOi
Daily Rejection At AOi
Previous Structure point Daily
Arouund Psych Level 1.13000
H4 EMA retest
H4 Candlestick rejection
Rejection from Previous structure
Levels 9.74
Entry 110%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King
Lingrid | GBPCHF double TOP at the RESISTANCE zoneThe price perfectly fulfilled my last idea. FX:GBPCHF has recently showed a shift in market dynamics by breaking and closing below the upward trendline, which previously indicated bullish momentum. Additionally, the double top at the resistance zone signals a potential reversal and weakens the bullish outlook. After consolidating around the psychological level at 1.13000, the market has moved lower, reinforcing the bearish sentiment. The daily timeframe also shows that the market is in a consolidation phase. The recent bounce off the top of the consolidation zone suggests that the price may move downward to retest the lower boundary of this zone. Given that the last daily candle was notably bearish, there is a strong possibility that the price may test the previous day’s low before continuing its downward trajectory. My goal is support zone around 1.11850
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
GBPCHF Amid BOE Interest Rate DecisionGBPCHF Amid BOE Interest Rate Decision
GBPCHF is about to complete a large harmonic pattern on the 4-hour time frame.
The chances are that GBPCHF can begin a bearish correction from a strong zone that it couldn't manage to break in the past. The price can move down again near 1.1250 and 1.1200.
Today, we also have the BOE interest rate decision, and the market is expecting the BOE to cut rates by 25 basis points from 5% to 4.75%. This may create a small sell-off for GBPCHF.
You may find more details in the chart!
Thank you and Good Luck!
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GBPCHF Massive Long! BUY!
My dear friends,
My technical analysis for GBPCHF is below:
The market is trading on 1.1290 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1305
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
Potential bullish rise?GBP/CHF has reacted off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 1.12997
Why we like it:
There is a pullback support level.
Stop loss: 1.12613
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Take profit: 1.13599
Why we like it:
There is a pullback resistance level.
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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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