CHFGBP trade ideas
GBPCHF: Bullish Continuation & Long Trade
GBPCHF
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GBPCHF
Entry - 1.1485
Stop - 1.1438
Take - 1.1548
Our Risk - 1%
Start protection of your profits from lower levels
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GBP/CHF SHORT FROM RESISTANCE
Hello, Friends!
GBP/CHF pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 1D timeframe the pair is going up too. 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 1.138 area.
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GBPCHF Short Trade at major resistance rejectionGBPCHF Short Trade at major resistance rejection at break of uptrend structure
1. Broken structure
2. Strong resistance
3. 2% risk
4. R:R 2,2:1
5. Scale out at TP 0,9: 1 and the B/E on 2nd half
6. Close on opposite signal
7. 7 bar time stop
8. Strong bearish signal as a trend change
GBPCHF 4H SHORTWell, kid, if I want to give a small explanation about the classic patterns, the strongest one is the QM pattern, which is from the head and shoulders family. Now, in this analysis of pounds to francs, we have a noisy pattern.
The important thing is that 99% of the time I don't enter the trade with the head and shoulders pattern. I don't, there is a problem, but it's not in my plan. This analysis is not a trading proposal either.
BULLISH GBPCHFPreviously I've watched this pair and it reacted beautifully to my analysis. According to current market conditions I see the GBP strength progressing higher. After a successful break and retest of the price range I have marked up, I see more bullish price action on the way about a 1:2 risk reward here!
Good Luck Traders and always remember to use good risk management follow and join me in this trading journey !!
GBPCHF Bullish Direction Money Heist PlanMy Dear Robbers / Traders,
This is our master plan to Heist GBPCHF Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing Low using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
GBPCHFas you look at gbpchf you also wanna look at cadchf or eurchf, what you will find is all of them, we are waiting for a slight push down (profit taking) which could have happen today after the release of CHF PPI but nonetheless, the trend is bullish, waiting for just a perfect entry at a cheaper price or should we get break out, then we can follow the masses.
GBPCHF - 4hrs ( Buy Trade Target Range 180 PIP ) ☑Pair Name : GBP/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
Key Technical / Direction ( Long )
Type : Mid Term Swing
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✔️Bullish Break
1.14100
Reasons
- Major Turn level / D
- Channel Break Out
- Fixed Range Hvn
- Choch Zone
- Fibo Golden
- Visible Range Hvn
✔️Bearish Reversal
1.16200 Area
Reasons
- Major Turn level / D
- Bearish Choch Zone / weekly
- Fibo Golden Zone
- pw - Day / week low
- Quarters High
GBPCHFFUNDAMENTAL:GBP is bullish than CHF ,Cot DATA supports the idea
SENTIMENTAL: long vs short 87/13 %
SEASONALITY:GBP bullish till august first week while CHF side ways till 26 July
TECHNICAL:
bullish channel
taking support after tapping FVG 0.5
and major support with volume
entry can be taken at CMP
mange your RRR
trade at your risk
GOOD LUCK