GBPCHF trade ideas
Strong GBP uptrend from last week. Will it continue?I have gone long GBPCHF on the 1H as I saw a rejection on of a demand zone at 1.1292 and the GBP has been in a uptrend all last week (see daily charts for example). I have opened a small position because the UK Chancellor of the Exchequer is due to speak at a conference (in about an hour as I write) and set my SL at 1.1265.
There is some short time resistance at approximately 1.1330. My initial target is 1.1380 as seen on the Daily chart.
Note if you are keeping this trade open for a few days we have a Swiss interest decision this Thursday that could impact the CHF.
Heading towards overlap resistance?GBP/CHF is rising towards the resistance level which is an overlap resistance and could reverse from this level to our take profit.
Entry: 1.14044
Why we like it:
There is an overlap resistance level.
Stop loss: 1.15191
Why we like it:
There is a pullback resistance level that lines up with the 88% Fibonacci retracement.
Take profit: 1.12394
Why we like it:
There is a pullback support level.
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How To Spot A BreakOut In 3 Steps
#1-Look at the CCI
#2-Notice that the MACD histogram bars are green
#3-The 13 EMA on the CCI has hit the overbought zone.
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SHORT TERM SELL THEN BUY Price is in an uptrend movment, i would like to see deep pullback to buy again
GBP/CHF - Bullish Flag Breakout & Strong UptrendOverview: The GBP/CHF pair has not only been in a strong uptrend but has also formed and broken out of a bullish flag pattern, further signaling the continuation of upward momentum. The breakout above the 1.2300 resistance level suggests a potential for further gains.
Technical Analysis:
Bullish Flag: A clear bullish flag pattern has formed, with a breakout confirming further upward movement.
Next Resistance Levels: 1.2550 and 1.2600
RSI: Currently at 65, indicating there’s still room for more upside.
Fundamental Analysis:
GBP Strength: Strong economic data from the UK, including better-than-expected GDP growth and improved employment figures, support the pound’s rise.
CHF Weakness: The Swiss National Bank’s (SNB) dovish stance continues to weaken the franc, providing a favorable environment for the pound’s strength.
Trading Strategy:
Targeting 1.14036 ,1.15070 , 1.16159
Stop Loss: Place a stop below 1.1120 to protect against downside risk.
Continuing the bullish story of GBPCHF …. the week of 23 Sep, 20Best seen on the weekly chart, see how this pair turned around during the week of 04 August. A shallow pullback followed but for the past 2 weeks the bulls have taken control of this market again. Switching to the daily chart, see the nice strong moves of the last 3 days. The significant s/r level around 1.1210 was easily overcome on Thu with a strong follow through today (Fri). Adding weight to my bullish bias is the 200dma that seems to be acting as a dynamic support.
A good place to enter a long trade would be close to the support at 1.1210 and if we switch to the H4 chart, we can see that area is as perfect as it can be.
The 20sma will come closer to price lending support as well and giving us logical stop placement in the 1.110 region. A pullback to this area is necessary to get a good price and will make me interested to take a long trade. Target will depend on the momentum that this pair can generate but I would aim for the next resistance zone.
I will be on the lookout for the pullback and further bullish evidence on lower time frames such as H4 and H1. However, if a strong move to the down side forms, that would negate my analysis.
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.
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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
GBP/CHF: Wait for Breakout Before BuyingGBP/CHF is currently trading at 1.1132. It appears to be on a downward trend and may drop to around 1.1055 before potentially rising again. However, to ensure a more strategic entry, we recommend waiting for a confirmed breakout before buying. Once the breakout is confirmed, we can proceed with buying, setting our target price (TP) at 1.1340.
GBP/CHF Strength Supported by BOE Rate Decision and Retail SalesGBP/CHF Strength Supported by BOE Rate Decision and Retail Sales
The recent strength of the GBP has been bolstered by the Bank of England’s (BOE) decision yesterday to maintain interest rates, coupled with today’s robust retail sales data, which further fueled GBP bulls.
From a fundamental perspective, GBP strength could continue to be supported in the coming month, especially in relation to the CHF.
Previously, I posted an analysis of GBP/CHF when the price was near 1.1100 and in an accumulation phase. The price had been moving within a correction for about a month since mid-August. The breakout from this pattern appears solid, suggesting that GBP/CHF may rise further.
Additionally, yesterday’s daily candle closed strong and bullish, indicating further GBP strengthening. However, the situation with the CHF is more complex than it appears.
Thank you and Good Luck!
Long on GBP/CHF Pair Sep 17 2024I am excited to share with you guys about this trade, very basic and easy to understand. Super basic Technical Analysis.
GBPCHF: Strong Bullish Signal?!GBPCHF has successfully broken above a resistance level in a wide horizontal range on the 4-hour chart and closed above it.
This previous resistance is likely to act as support now. The pair is expected to continue its upward trajectory, with a target set at 1.1352.
GBPCHF: Strong Bullish Signal?!GBPCHF has successfully surpassed and closed above a resistance level in a wide horizontal range on a 4-hour chart.
It is likely that this broken resistance will now act as support.
The pair is expected to continue its upward trend, with a target set at 1.1352.
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 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
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✅Bullish Break
1.12250
Reasons
✅- Major Turn level
✅- Visible Range lvn
✅- Channel Break
✅- Key level / 3 Bounces
✅- Fixed range Lvn
✅- Fibo Golden zone
✅- 3Quarter High
✅- Quarter High
✅- Day/ week High Break
GBPCHF - BULLISH ON 4HR CHARTBUY @ 1.1200
Targets : 1.1300, 1.1500
Stoploss : 1.1100
GBPCHF shows clear uptrend.
GBPCHFFinally, we have a break of structure and break of weekly swing structure. There is a possibility of a bullish correction (red0 or bearish continuation (black). We will only trade once we have a clear set up. We do favour a bullish correction before thereafter a bearish continuation.
GBPCHF SHORTM
Bearish, price below Emma's bearish since June, previous M had a huge wick to the downside I expect to fill somewhat fifths position plays out.
W
Three consecutive weeks price has failed to close above 1.1180 area with this current week also rejecting this area. Price is below Ema's and very strong key area around 1.1170.
D
Price is currently sitting on Emma's however I expect with a further move down this will change Ema's have been sideways for sometime.
Daily candle so far rejecting off key area highlighted in grey price did have a higher push earlier through this resistance only to return.
Setup:
4HR bearish engulfing and breakout of trend line/channel
awaiting retest on lower time frames as I want this short from a nice pull back sitiuation on possibly 15min but will await next 15 or 1hr close to see situation.
Perfect entry would look something like last slide which aint guaranteed to happen :)
ICMARKETS:GBPCHF
Sell GBPCHF UK CPIThe GBP/CHF pair on the M30 timeframe presents a potential selling opportunity. 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 1.1136, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1080
2nd Support – 1.1040
Stop-Loss: To manage risk, place a stop-loss order above 1.1190. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
[GBPCHF] Short EntryOn this forex devise, I am looking for a short scenario with a breakdown of the support we are actually on. My main motivation for this one will be the reversal pattern and rejection.
Great Trade !
GBPCHF What Next? SELL!
My dear subscribers,
My technical analysis for GBPCHF is below:
The price is coiling around a solid key level - 1.1152
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.1115
My Stop Loss - 1.1178
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPCHF Technical Analysis! BUY!
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.1057 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1094
Safe Stop Loss - 1.1036
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBP/CHF For Bearishyou can go short now
- General Trend is Down
- Price walk inside down channel
have fun :)
GBPCHF Will Move Higher! Long!
Please, check our technical outlook for GBPCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.112.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.119 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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