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SWISS FRANC / BRITISH POUND

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CHFGBP trade ideas

SHORT GBP/CHF from 1.2518I noticed a double top and a potential M-Top formation at resisTNCE ON gbp/chf this morning. The neckline of the M-Top has just broken and we have other BEARISH signals. The under used and under appreciated Andean Oscillator has seen the red SELL line move awau from zero indicating the possible entry of BEARS into this market. We now need to see now is the green BUY line of the Andean Oscillator read less than the signal line (currently the green sell is higher than the signal line) so this trade is a touch premature as we do not have that confirmation but the RSI on H1 was reading 78 an hour ago and is now reading 69 so its dropping from overbought levels. The MACD has yet to catch up with the price so we do not have a SELL confirmation on MACD which would preferrable. The double top is the key selling point (as it were) for this trade so I'm in a bit early with this trade but it will result in more pips if it works out. STOP is above the high at 1.1269 but I'll be closing this trade early if there are signs that GBP/CHF BULLS are not finished with this market.
Short
by forextraplaces
GBPCHF BEARS TO TAKE OVERHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX If you like the idea, do not forget to support with a like and follow. GBPCHF BEARS TO KICK IN AGAIN! 📚 👉As we can see price is still around a massive resistance zone, adding on price is still overall bearish trading inside this falling broadening wedge pattern. where we are still looking for new shorts around these zones! 👉Meanwhile, from a short-term perspective, price is trading inside this rising channel, and for the bears to kick in we need a momentum candle close below our last major swing low, then a movement lower would be expected. And as usual 1-2 risk to reward ratio from a risk management perspective. 📚 If you like this kind of analysis don't forget to like and follow and as usual follow your trading plan and manage your risk. Be patient and good luck!
Short
by Hadi_karaali
GBPCHF Will Go Higher! Buy! Take a look at our analysis for GBPCHF. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 1.118. The above observations make me that the market will inevitably achieve 1.125 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
GBPCHF Short 1:6 RRHello everyone, I hope you had a restful weekend. I'm focusing on a few pairs this week and GBPCHF is one of them. Reason for taking trade: 1. Structure has broken the previous high showing a high probability chance of forming an expanding/regular flat with abc correction. Therefore the move down is needed to complete the FLAT being formed 2. MACD divergence from 15 min-H4 timeframe currently in play 3. There is a FVG 1.12034 15 min TF that needs to be closed before the move initially starts 4. CHF CPI news in 1 HR will most probably be the trigger to push the pair downwards. Entry: 1.12034 STOP LOSS: 1.12285 Take profit: 1.10625
Short
by PIPPINTRADER
GBPCHF The Target Is UP! BUY! My dear friends, GBPCHF looks like it will make a good move, and here are the details: The market is trading on 1.1134 pivot level. Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.1157 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
1
GBP/CHF SELL from market 1.11.25All the signs are that this pair is headed south. On H1 we are now under all key EMA's (25,50,100,200) and on H4 we are slipping unde the 50 EMA having broken the 25. The Pivot Point SuperTrend is signalling SELL and the Andean Oscillator has the red SELL line heading north (for a sell signal) as it has been for the last 2 days. My STOP for this trade is ultra tight being set at 1.1138 so its a minimal 14 pips. Target initially is WS2 Weekly Pivot but this will only be reashed if the WS1 pivot breaks which we will not know about until it reaches that level (1.1102) if indeed it does. MACD has confirmed the BEARISH bias and the only concern is RSI which is now readin oversold at 29 on H1. No scheduled news now to get in the way of this trade until 13:30 GMT Thursday so this pair will head to where the traders are pushing it and for now at least this looks like south.
Short
by forextraplaces