GBP_CHF RESISTANCE AHEAD|SHORT|
✅GBP_CHF will be retesting a resistance level soon at 11240
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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GBPCHF.P trade ideas
GBPCHF: Bearish Trap or Opportunity in the Making?On the GBP/CHF 4-hour chart, price action indicates a potential bearish shift after grabbing liquidity above previous highs and sharply rejecting the 1.1200 supply zone, a premium price area.
The market filled inefficiencies within a fair value gap (blue zone) and is now positioned for a potential continuation downward. If price holds below the supply zone, we could see bearish momentum targeting 1.1165 as the first key support level, with further downside potential toward 1.1140.
A break above the supply zone would invalidate the bearish bias, so risk management is crucial, with stops placed above 1.1205. This setup relies on confirmation of lower lows and aligns with smart money concepts for precision trading.
GBPCHF - sell ideaQuite an interesting setup. I identified a running flat, that is likely supporting the further downside for this pair.
A regular entry is with the sell stop order below the wave B. Although, a more risky entry is at current prices with the SL above the nearest high.
trade safe, mind your risks.
GBP/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
It makes sense for us to go short on GBP/CHF right now from the resistance line above with the target of 1.110 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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GBPCHF Ranging MarketThis pair has just been accumulating for the past few years, with no intention of a bullish /bearish momentum. (1 Week)
Anyway, based on the daily pattern, there is a ranging pattern and the pair just re-bounded from the lower trendline and formed a bullish candlestick, which closed above the previous daily highest point.
Considering that it failed to break out of the structure, I anticipate that the bullish momentum will continue and the price might continue to retest the resistance zone at 1.16.
An analysis using a shorter timeframe will follow.
Upside movements on the horizonHello traders,
GBP/CHF is positioned extremely well.
PA formed a smaller consolidation, followed by a larger continuation.
The key lies in the last leg of the 3th touch, it tapped the lows and made an impulsive move towards the upside, meaning that bigger players stepped out of their shorts and likely pivotting into buy positions. The only negative confluence is the pinbar formation on the weekly. However, PA formed a strong close on the daily at a high value area.
I'm waiting for the first continuation and if it commits, I''ll softly manage this trade, simply because it makes sence to tap at the magnet (an area where previous momentum came from).
I'm also aware of the IP (inflection point). However, it doesn't make sence that PA will sell of from this area. The size of correction leads statistically speaking towars more agressive moves.
Sell GBP/CHF Bearish ChannelThe GBP/CHF pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.1186, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1110
2nd Support – 1.1072
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.