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British Pound vs Swiss Franc

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GBPCHF.P trade ideas

GBPCHF: ITF CURVE ANALYSIS (16H) - CTT DOWNTREND!!!✨ GBPCHF: ITF CURVE ANALYSIS (16H) ✨ (CTT - DOWNTREND) SLO2 @ 1.12126 ⏳ SLO1 @ 1.11632 ⏳ (DO NOT SET - MAKE AN SSO!!) *****IF 1.11226 IS BROKEN, THE LOWER SLO's WILL BE CLOSED***** SLO3 @ 1.1120 ⏳ SLO2 @ 1.1110 ⏳ SLO1 @ 1.11058 ⏳ TP1 @ 1.10691 - TRIGGERED TP2 @ 1.09319 TP3 @ 1.0860 BLO1 @ 1.0850⏳ BLO2/BSO @ 1.0840⏳ (DEBATING IF I SHOULD MAKE THIS A BSO.....) BLO3 @ 1.0820⏳ BLO4 @ 1.0800⏳ NOTE: CHALLENGE ACCEPTED - EVERYONE CAN THANK SAMEER!!! LOL. THIS IS A BIT OF A TRICKY ON AS PA HAS BEEN HITTING AGAINST THE LTF MIDPOINT & A MINOR RESISTENCE LEVEL. FIRST OF ALL, KNOW THAT THIS IS A CTT (COUNTER TREND TRADE), HIGHLY DANGEROUS AND ONLY FOR OBSERVATION UNLESS YOU'RE A PROFESSIONAL. MY ANALYSIS HAS RETURNED A POTENTIAL OF PA NOT GOING PAST 1.11226 (YELLOW LINE) BEFORE THIS TRADE WORKS OUT. WITH THAT SAID, I HAVE AN ADDITION TRADE I'LL BE PRESENTING TO THE UPSIDE FOR THIS PAIR IF ALL WORKS OUT AS I'M ANTICIPATING. CURRENTLY, IF PA RESPECTS MY ANALYSIS, THE R:R ON THIS TRADE IS 16:1 - (WITHOUT 1.11226 BEING BROKEN). TP1 HAS ALREADY BEEN TRIGGERED, HOWEVER, IF PA DOESN'T WHAT I ANTICIPATE, WE WILL HAVE ANOTHER OPPORTUNITY TO BANK IT AGAIN. LET'S SEE WHAT SHAKES OUT..... 🔑 BLO = BUY LIMIT ORDER BSO = BUY STOP ORDER CTT - COUNTER TREND TRADE 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.
Short
by oktane
GBPCHF- Bearish Continuation TrendKey Analysis Elements: 1- Resistance Zone: 2- The chart now identifies the previously marked support zone as Resistance. This suggests that the price has broken below that level, and it's expected to act as resistance if the price retraces back up. Buy Limit: 3- The Sell Limit remains around the same level at 1.0974. The strategy anticipates the price dipping to this region before possibly bouncing back for a short-term correction. This means the trader is looking to capitalize on the potential rejection from this level. Stop Loss: 4- The Stop Loss is slightly above resistance at 1.1122, indicating a protective measure in case the price breaks above the resistance level. If it does, the bearish outlook would be invalidated. Take Profit: 5- The Take Profit is marked at 1.0968, suggesting a potential downside move. This setup aligns with the expectation that the price will dip after hitting the buy limit area. Price Projection: 6- The white curved line on the chart projects the price bouncing from the buy limit zone and potentially reaching the take profit level. The move suggests a short-term retracement within the overall downtrend. Additional Insights: 8- Risk Management: The stop loss is strategically placed above the resistance zone to protect against false breakouts, while the take profit is set close to the support zone, indicating a short-term trade. 9- Trade Setup: This setup anticipates the price respecting the identified resistance zone. Should the price reject this resistance, the trade could be triggered near the buy limit, expecting a bearish continuation.
Short
by factoryforex01
GBP/CHF Analysis and Trade SetupAs shown in the chart, the GBP/CHF pair experienced a significant downward move, breaking through a key support level and pulling back to retest it. After the pullback, the price has formed a slightly descending channel within the yellow resistance zone. If the trend continues, there is a possibility of a breakout to the downside, which would trigger our entry into the trade. 📉 Entry Trigger: We're considering the break of the **1.1052** level as our entry trigger. Once the price breaks below this level, we can initiate a short position. 🔍 Key Observation: It's essential to note that this resistance zone overlaps with the 50% Fibonacci retracement level of the previous move, strengthening the significance of this area as a potential rejection zone. 🚨 Risk Management Reminder: Always ensure proper risk and capital management. Be patient once you're in the trade and allow the price to reach your target 🎯. --- Trend Analysis, Support and Resistance, Fibonacci Levels #GBPCHF #ForexTrading #Tradecitypro #TCP #RiskManagement #Fibonacci #TechnicalAnalysis
by tradecitypro
1
GBPCHF short - are these reasons enough? Do you also see what I am seeing? 1. Rejection of price in the 1.120 region. 2. A down trend that retraced about 50% but may now be resuming. 3. A series of lower highs 4. Solid support at 1.1230 now becoming resistance. 5. Price below 20 ema on the daily as well as H4 time frames. I don't know what you guys think, but I don't need any more reasons to go short. I will be looking for a suitable entry location of a lower time frame. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Short
by Trading_Vista
GBPCHF: Consolidation & Complete Indecision⚠️GBPCHF is currently trading in a narrow range on a 4-hour chart. Depending on which way the price breaks out, there are two possible scenarios. 📈In a bullish scenario, if the price breaks and closes above the 1.1236 resistance level on the 4-hour timeframe, a bullish movement towards the 1.1325 level can be expected. 📉In a bearish scenario, if the market breaks below the 1.1072 support level and closes below it, a bearish movement towards the 1.1005 level is likely. It is important to wait for a breakout for confirmation before making any trading decisions.
by linofx1
4
GBPCHF (short) High Probability Short SetupTurtle soup and Smart Money Concept Trading Strategy The Turtle Soup strategy, however, flips the script, aiming to profit when those anticipated trend. Linda Raschke’s Turtle Soup strategy is a counter-trend trading approach that capitalizes on failed breakouts. ENTRY :- SELL -Above opening price (daily) BUY - Below opening price (daily) STOPLOSS :- above or below recent swing High 1st TARGET :- Book profit 50% 2nd TARGET :- Book profit 25% 3rd TARGET :- Book profit 25% Consisitency and hard working is the key of success. KEY OF SUCCESS :- *) Buy below opening price of Daily Candle AND Sell above opening price of Daily Candle. *) Do not take risk more than 1% of Equity. *) Take Profite Should be More then 2% of Equity . *) Book 50% profit of running trade first and remaining 50% hold for long term.
Short
by fxdemy2925
1
GBPCHF Will Move Higher! Buy! Please, check our technical outlook for GBPCHF. Time Frame: 7h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 1.114. Taking into consideration the structure & trend analysis, I believe that the market will reach 1.121 level soon. 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 - 4hrs ( Buy Trade Target Range 150 PIP : 250 PIP ) Pair Name : GBP/CHF Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t 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 ——————————— 🔻Bullish Break 1.11200 Reasons - Major Turn level / D - Head & Shoulder Break - Fixed Range Hvn - inner Choch Zone - FIbo Golden Break 🔻Bearish Reversal 1.14200
Long
by GentleGoldenEngine