GBPCHF.P trade ideas
GBP/CHF BEARS ARE STRONG HERE|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 1.070 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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EUR/USD Short, GBP/JPY Short, AUD/NZD Short and GBP/CHF ShortEUR/USD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/JPY Short
Minimum entry requirements:
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
AUD/NZD Short
Minimum entry requirements:
• If 3 touch 1H continuation or 2 touch 1H continuation with 3 touch structural approach, 15 min risk entry within it.
GBP/CHF Short
Minimum entry requirements:
• Tap into area of value.
• 1H impulse down below area of value.
• If tight 15 min continuation follows, 5 min risk entry within it, or reduced risk entry on the break of it.
GBPCHFGBPCHF price is near the main support zone 1.08698 and 1.07497. If the price cannot break through 1.07497, it is expected that there is a chance that the price will rebound. Consider buying the red zone.
>>GooD Luck 😊
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*Always follow your trading plan regarding entry, risk management
GBPCHF Will Go Down! Short!
Take a look at our analysis for GBPCHF.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.090.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.081 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Buy based on Fibonacci levelsMACD changes to green and we have a potential retracement of price back to the 61.8 and 78.6 level.
Potential problems in this trade is that it is a counter trend trade as the overall direction of GBPCHF is long bias.
We expect trades like this to fail several times but the overall risk reward ratio of this play is an overall gain. On average, we would take our profits at above 1:7, as we are guided by price going below the base line of the Ichimoku chart
GBPCHF - 4hrs ( Buy Trade Target Range 500 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 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 Reversal
1.09100
Bearish Reversal
1.12500 Area
Reasons
- Major Turn level / W
- Pattern Target
- Choch Zone
- Quarter's Zone
- Fibo Golden
Bearish Reversal
1.13900 Area
Reasons
- Major Turn level
- Visible Range lvn
- Bearish Choch
- Fibo Golden Zone
- Fixed Range Hvn
- Day / week High
- Quarter's Area
GBPCHF - In Bearish Trend with Bearish FlagThis pair is in bullish trend and made a bearish flag which is a trend continuation patter. I have planned my entry at the pole's breakout. I have also checked the currency indices of GBP and CHF. GBP is in bearish trend where as CHF is in bullish trend which is an indication of short trade.
The Signal is:
EP: 1.12967
SL: 1.14202
TP: 1.1173
RR: 1%
Lots: 0.07
GBP/CHF Analysis: Bearish Structure with Monthly IRL TargetGBP/CHF Analysis: Bearish Structure with Monthly Target
Overview
The GBP/CHF (British Pound/Swiss Franc) currency pair has recently demonstrated a bearish structure, suggesting a potential downward trend. This analysis provides a detailed review for forex traders looking to capitalize on this movement.
GBP/CHF - 4hrs ( Sell Trade Target Range 150 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 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 ( Short )
Type : Mid Term Swing
———————————
🦸♀️Bearish Retest
1.13900 Area
Reasons
- Major Turn level
- Visible Range lvn
- Bearish Choch
- Fibo Golden Zone
- Fixed Range Hvn
- Day / week High
- Quarter's Area
🦸♀️Bullish Reversal
1.12500 Area
Reasons
- Major Turn level / W
- Pattern Target
- Choch Zone
- Quarter's Zone
- Fibo Golden
GBPCHFOANDA:GBPCHF After the price reaches the specified level,
if you see the Bearish hammer candle in the one-hour ( SHORT POSITION),
and if the desired level is broken, after the pullback buy.
Consider your risk management before entering a trade.
This analysis is for informational purposes only and does not constitute investment advice.
All consequences of using this signal are at your own risk.
GBP/CHF BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
Previous week’s red candle means that for us the GBP/CHF pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.142.
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Bullish reversal?GBP/CHF is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as an overlap resistance.
Pivot: 1.12270
1st Support: 1.11461
1st Resistance: 1.13144
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