GBPCHF Swing BuysThis is my analysis of GBPCHF for this week.
We have showed presence of bulls at my DAILY buying zone of interest and also received a BOS UP on the 1hr after some consolidation. I am looking for a simple B/R to tag me into the trade and go long from there. The EMA is also in our favour as it should hold price up.
I am targeting the next DAILY zone of interest which is a selling zone where I will consider taking sells, again simple B/R.
Entry : 1.13800
SL : 1.13500 (30 Pips)
TP : 1.14700 (90 Pips)
RR : 3:1
Safe Trading! :D
CHFGBP trade ideas
GBPCHF My Opinion! BUY!
My dear subscribers,
This is my opinion on the GBPCHF next move:
The instrument tests an important psychological level 1.1387
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 - 1.1476
My Stop Loss - 1.1317
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.
———————————
WISH YOU ALL LUCK
GBP/CHF BEARISH BIAS RIGHT NOW| 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 1H 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 1.130 area.
✅LIKE AND COMMENT MY IDEAS✅
Heading into 50% Fibonacci resistance?GBP/CHF is rising towards the pivot which is a pullback resistance and could reverse from this level to the 1st support which also acts as an overlap support.
Pivot: 1.1411
1st Support: 1.1315
1st Resistance: 1.1462
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPCHF Will Move Higher! Long!
Here is our detailed technical review for GBPCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.135.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.143 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
Like and subscribe and comment my ideas if you enjoy them!
GBPCHF: Time For Pullback 🇬🇧🇨🇭
GBPCHF may pullback from a key daily support.
The pair looks oversold after a strong bearish rally.
The price formed a cup & handle pattern on a 4H
and violated its neckline.
I think that the market will reach 1.14 level soon.
❤️Please, support my work with like, thank you!❤️
GBPCHF BUY IDEA NOWDear friends and followers,
Let trade GBPCHF and make money ...
I see the pair is ready to buy on the long run...
Find your entry and make money for yourself but remember risk management and set proper Stop loss.
Good luck all
You can message me if you need to personal training on forex trading
Could GBP/CHF rise from here?The price is currently reacting off the pivot and could potentially rise from this level to the 1st resistance level which is a pullback resistance.
Pivot: 1.13180
1st Support: 1.12268
1st Resistance: 1.14032
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPCHF: ITF CURVE ANALYSIS (11H) - UPTREND✨ GBPCHF: ITF CURVE ANALYSIS (11H) ✨ (UPTREND)
BLO2 @ 1.12907 ⏳
BLO1 @ 1.1324 ⏳
BSO1 @ 1.13333 ⏳
BSO2 @ 1.13442 ⏳
TP1 @ 1.13705
TP1a @ 1.1415
TP2 @ 1.15027
TP3 @ 115862
SLO1 @ 1.16094 ⏳
SLO2 @ 1.16553 ⏳
🔑
BLO = BUY LIMIT ORDER
BSO = BUY STOP ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
NOTE: We were able to get the full profit of the countertrend trade for this pair. Now, let's see if this range will allow for more profits as I anticipate a strong move to the upside. PA has already satisfied 10H demand, but is it good enough? I'm providing a look into my own personal trade. Let's see if I've got it right not....
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
GBPCHF: ITF CURVE ANALYSIS (10H) - DT - ***COUNTERTREND TRADE***✨ GBPCHF: ITF CURVE ANALYSIS (10H) ✨ (DOWNTREND)
SLO2 @ 1.1655 ⏳
SLO1 @ 1.1633 - TRIGGERED
TP1 @ 1.1522
TP1a @ 1.1485 (Secret TP)
TP2 @ 1.13944
TP3 @ 1.13108
BLO1 @ 1.12907⏳
NOTE: THIS IS A COUNTERTREND TRADE (CTT). RISK IS HIGHER WITH THIS TYPE OF TRADE AS PA DOESN'T RESPECT LEVELS AS NORMAL. HOWEVER, THIS CAN BE NAVIGATED. THIS IS NOT FOR EVERYONE!!!! I'M TESTING MY OWN SKILL AND RISK TOLERANCE WITH AN AGGRESSIVE -SL IN CASE PA TRIES TO CONTINUE IT'S TRENDING DIRECTION PRIOR TO ME SETTING A +SL ON THESE ORDERS.
🔑
BLO = BUY LIMIT ORDER
ITF = INTERMEDIATE TIME FRAME
PA = PRICE ACTION
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.
GBPCHF in a Range Trading movement! What's Next?GBPCHF in a Range Trading movement! What's Next?
GBPCHF is moving in a narrow range trading zone located between 1.1455 - 1.1508
It is too early yet to talk about the next price direction because the market is still in correction and the Economic Calendar is empty.
This is a strong reason why many currency pairs are in this strange situation.
A move or below the pattern will show the next price direction.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GBP-CAD Will Go Down! Sell!
Hello,Traders!
GBP-CAD broke the key
Horizontal level of 1.1460
And now we are seeing a
A local pullback but we
Are now locally bearish
Biased and so we will
Be expecting a further
Move down
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
The bullish extension of the corrective zigzag patternGreetings,
Dear friends, I hope you are well and have a week full of successful and profitable transactions.
I haven't been in the service of the companions on the Trading View platform for a few weeks because I was completing an educational resource. I hope I can make up for my absence from now on, but if I see a valuable market, I will share it with you.
The text of my analysis:
A cycle of eight waves completes the greater degree, which consists of waves 1 and 2 at a higher degree.
Currently, there is an impulse pattern with 5 waves, followed by a corrective pattern that I interpret as a zigzag. This correction typically ends between the 38.2% and 78.6% Fibonacci retracement levels.
The downward trend mustn't cross the price level which would invalidate the analysis. If this happens, I have an alternative idea that I will share with you.
Note: I am an analyst in the world of principle wave, who has entered the fourth year of my work experience, and I am developing an analytical idea. In financial markets, there is no 100% certainty due to the complexity of different patterns that can change. However, I do my best to back up every analysis I share with you guys with everything I've learned so far.
A brief explanation of the three fundamental laws of the wave principle:
1. The second wave should never go beyond the beginning of the first wave.
2. The third wave should never be the shortest wave between waves 1, 3, and 5.
3. The fourth wave must never enter the territory of the first wave.
Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future, simply.
May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world.
I am attaching the analysis of this market that I shared with you earlier to this current analysis.
The last word of my analysis text is repetitive, except to explain the current analysis because I also trade in the financial markets and I am active in my social networks, and I work hard to improve my skills in analysis and trading to reach my goal.
I apologize for repeating the text.
I welcome suggestions and criticisms, and I will respond, but a logical reason is important to me.
Thank you for taking the time to review my analysis.
First of all, I wish good health and success to all my dear friends and colleagues.
Mr. Nobody
GBPCHF: Very Bearish Signal Confirmed I believe GBPCHF is showing strong bearish signals.
A significant head and shoulders pattern has formed on the 4-hour chart, with the price respecting the 1.1471 - 1.1450 resistance level and reversing from there.
Today, the previously highlighted blue area was breached, confirming the continuation of a bearish trend. The next target is expected to be between 1.1397 and 1.1344.