GBP/CHF Sentiment/Tech PlansSlight hawk tone out of BOE going into today.
Comes alongside a potentially further easing/dovish SNB.
Would hold off shorts until upper level area.
GBPCHF trade ideas
Potential bullish bounce off pullback support?GBP/CHF is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.12220
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.11085
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 1.14026
Why we like it:
There is a pullback resistance level.
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GBPCHF-SHORTGBPCHF was trading in a bullish trend,it seems now the pair is about to start bearish trend on H4 so we will take a short trade
GBPCHF is forming sell setup GBPCHF is forming sell setup
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
gbpchf short week took last weeks high and now we are heading to its weekly low, target its 50% range or the low
GBP/CHF Finally Broke The Res , Long Setup Valid With Retest !We have a very good daily closure above our strong res , so now this pair only for buy , we will wait the price to go back to the broken res and new support and then we can enter a buy trade to get 150 pips at least !
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BUY GBPCHF - trade explained in detail Trader Tom, a technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
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Sell GBPCHF Channel BreakoutThe GBP/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Channel 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 1.1304, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1220
2nd Support – 1.1188
Stop-Loss: To manage risk, place a stop-loss order above 1.1350. 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.
GBP/CHF Poised for a Bullish WaveGBP/CHF Poised for a Bullish Wave
At the beginning of August, GBP/CHF completed a bullish harmonic pattern at the 1.0740 level. Since then, the pair has been on a steady upward trajectory.
Over the past couple of weeks, GBP/CHF has been accumulating.
Today, following the release of the SNB’s CPI and GDP data, GBP/CHF has begun to show increased bullish momentum.
As indicated on the chart, the targets for GBP/CHF in September are 1.1320, 1.1490, and 1.1660.
------------------------------------------------------------------
CHF Gross Domestic Product (QoQ) (Q2)
Actual 0.7 %
Expected 0.5%
Previous 0.5%
CHF Gross Domestic Product (YoY) (Q2)
Actual 1.8 %
Previous 0.6%
------------------------------------------------------------------
CHF Consumer Price Index (MoM) (Aug)
Actual 0%
Expected 0.1%
Previous -0.2%
CHF Consumer Price Index (YoY) (Aug)
Actual 1.1%
Expected 1.2%
Previous 1.3%
You may find more details in the chart!
Thank you and Good Luck!
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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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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
How To Spot A BreakOut In 3 StepsThe market is on fire right now,
especially the FOREX market.
Its not yet official but we might be
heading for a recession.
As i was about to type this article
i kept thinking ,
"how am i going to show you how to spot
a breakout."
Also i took my time
to see the editors pick to look for
a common theme or trend.
Right now gold TVC:GOLD , and
Bitcoin BINANCE:BTCUSDT , And
Sp500 SP:SPX are trending.
If you look at the fundamentals of the
SP500 you will see that we are in a breakout
session of the market.
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.
When you take note of these 3 steps
you will see a break out.
Rocket boost this content to learn more.
Disclaimer:Trading is risky you will lose money whether
you like it or not. Please risk management
and profit taking strategies.
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
———————————
✅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.
