19-09-2024 _ Short Term Bullish Idea _ GBPCHF H4Bullush Flag Pattern
Look for Buy Setups in the Zone Marked.
SL below the last low and target zone as marked on the chart.
CHFGBP trade ideas
GBP/CHF: Support Level 1.1210 and Bullish ProspectsGBP/CHF pair is currently showing signs of bearish momentum, with prices expected to drop further until they reach the support level around 1.1210.
If the price reaches 1.1210 and exhibits bullish signals, such as a bullish engulfing candle or an increase in buying volume, this could indicate a potential reversal. A confirmation of strength at this level would be crucial for traders looking to enter long positions.
Should bulls regain control after a bounce from 1.1210, the next target for GBP/CHF could be around 1.1390. This level represents a potential resistance area where profit-taking might occur.
GBP_CHF LONG FROM SUPPORT|
✅GBP_CHF will soon retest a key support level of 1.1222
So I think that the pair will make a rebound
And go up to retest the supply level above at 1.1253
LONG🚀
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GBPCHFCurrently on GBPCHF on the monthly timeframe price has just taken out the previous candle range high and closed below it, so now during October we will be looking for a turtle soup on the weekly candle sticks to enter our sells at the high of October before distributing to the downside to take out the candle range low which is the low of August.
GBP-CHF Support Ahead! Buy!
Hello,Traders!
GBP-CHF is going down
Now but the pair will soon
Hit a horizontal support
Of 1.1221 from where
We will be expecting a
Local bullish rebound
Buy!
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GBP/CHF LONG FROM SUPPORT
Hello, Friends!
GBP/CHF is making a bearish pullback on the 1H TF and is nearing the support line below while we are generally bullish biased on the pair due to our previous 1W candle analysis, thus making a trend-following long a good option for us with the target being the 1.133 level.
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GBPCHF SHORT - Swing Trade IdeaIdeas for Next week, or if you are comfortable holding over the weekend you can enter now and hope for the best.
Confluences: Short
30% 1. Weekly: Bearish
Daily: Bearish
4H: Bearish
10% 2. Rejecting daily and weekly AOI
10% 3. Candle stick rejection
5% 4. rejecting psychological level 1.13500
10% 5 . Market Shifted to bearish on 30M, 1H, 2H, 4H
10% 6. Bearish engulfing on 30M, 1H, 2H, 4H.
10%. 7. Rejection from previous structure point on daily time frame
total: 85% chance its bearish
we'll see xD
Could price reverse from here?GBP/CHF is rising towards the resistance level which is an overlap resistance that is slightly below the 78.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 1.14127
Why we like it:
There is an overlap resistance level that is slightly below the 78.6% Fibonacci retracement.
Stop loss: 1.15233
Why we like it:
There is an overlap resistance level.
Take profit: 1.12379
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
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GBP--CHF İdeaThe Swiss National Bank (SNB) has just announced a 25 basis points reduction in its sight deposit rate, bringing it down to 1.0%, a move largely anticipated by market analysts. This marks a shift from the previous rate of 1.25%, but the immediate market reaction hasn’t exactly aligned with what one might expect from such a decision.
Typically, a rate cut like this would lead to a bullish rally across all CHF-cross currency pairs, given the dovish implications of a lower interest rate. However, the expected surge in XXXCHF pairs hasn’t materialized yet, suggesting the SNB may still be exerting influence to manage the currency’s valuation, effectively keeping prices in check.
This restrained market reaction raises some intriguing questions about the SNB's strategies moving forward. It’s worth noting that both the SNB and the Bank of Japan (BOJ) have demonstrated a clear willingness in recent years to intervene in the currency markets whenever it suited their broader economic goals. Over the last two years, both central banks have been known to strategically manipulate the strength of their currencies. Through targeted interventions, they’ve been able to maintain control and derive benefits in alignment with their policy objectives, sometimes defying market fundamentals.
As always, central bank policy decisions like this play a significant role in shaping market sentiment, but the full impact may not be clear until further commentary from officials sheds light on their broader economic outlook. So, while the rate cut has happened, the real action may just be about to begin.
Traders, if you found this idea helpful or have your own insights to share, feel free to drop a comment. I’d love to hear your thoughts!
GBPCHF - Waiting SNB Interest Rate DecisionGBPCHF - Waiting SNB Interest Rate Decision
In some minutes the market will know the decision from SNB.
It's widely expected that SNB may cut rates by 25 bps
Expected 1% vs 1.25% Previous month
We have seen many times that SNB's Governor doesn't like the situation of the current interest rates and probably they will continue to cut the rates also this time.
SNB is a strong economy and their inflation is already under control and taking in consideration also the actions take by other major economies the odds are higher that they may cut rates.
The bullish pattern we have on GBPCHF is showing for a bullish move indicating CHF weakness in the short term.
You may find more details in the chart!
Thank you and Good Luck!
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GBP/CHF POSSIBLE BREAKOUT!!!Stay tuned and monitor price closely as we’d be getting a possible breakout of the symmetrical triangle formed in the daily chart ahead of SNB interest rate cut. We may experience a bullish breakout.
GBPCHF Short (swing trade)I'm waiting for the 4hr to break & retest the 4hr HL with a lower TF shift & entry signal in order to take the sells (go short)
NB* no break of 4hr HL, no lower TF shift, no entry signal = no trader
Patience = Success
GBPCHF Buys after the news event tomorrow I looked on the daily time frame and I see we are coming from a reversal and what I would like to see is price rushing to the FVG coupled with the Order Block and ride back up to the highs going from internal range liquidity to external range!
GBPCHF - Right Angled Broadening PatternRight Angled Broadening pattern usually results in a dynamic move.
Unconfirmed as of now but good potential since price keeps getting rejected.
Enter early at your own discretion.
GBPCHF - Short TradeOn Tuesday (manipulation day) price swept the previous week high (PWH) with a great sign of weakness: a market structure break (MSB).
As a target, I prefer the opposite liquidity level
I'm excited to see your opinion in the comments, and I'd like it if you could boost this idea if it was helpful for you!
Keep it simple and consistent! =)
Bearish Idea for GBPCHFAccording to my analysis GBPCHF is bearish , Technically this pair showing
1: Divergence on 4 hr time frame
2: major Resistance
3: Fibo level above 0.6
And if we see Fundamentally
1: seasonality bearish
GBP/CHF Sentiment/Tech PlansSlight hawk tone out of BOE going into today.
Comes alongside a potentially further easing/dovish SNB.
Would hold off shorts until upper level area.
Potential bullish bounce off pullback support?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: 1.12220
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.11085
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 1.14026
Why we like it:
There is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPCHF-SHORTGBPCHF was trading in a bullish trend,it seems now the pair is about to start bearish trend on H4 so we will take a short trade
GBPCHF is forming sell setup GBPCHF is forming sell setup
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
gbpchf short week took last weeks high and now we are heading to its weekly low, target its 50% range or the low
GBP/CHF Finally Broke The Res , Long Setup Valid With Retest !We have a very good daily closure above our strong res , so now this pair only for buy , we will wait the price to go back to the broken res and new support and then we can enter a buy trade to get 150 pips at least !
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Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
BUY GBPCHF - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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