2024-07-10 - GBPCHF LongGBPCHF chart is printing HH & HL. Following Dow theory
EP: 1.15213
SL: 1.14964
TP1: 1.15757
TP2: 1.16287
GBPCHF trade ideas
GBP/CHF +200 Pips 0 Drawdown , New Entry Valid To Get 100 Pips !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
GBP.CHFGood Morning
You can see in the chart that the movement of this currency pair is neutral. I have identified two areas in the chart that can create good trading opportunities for us. First, the price range of 1.1500, which is a good resistance area, if the price returns to this area and If the price of 1.1500 does not break, we can look to enter the sell trade.
If the above scenario does not happen, to enter into a short trade only by breaking 1.1450 and forming a price correction, you can enter into a sell and entering into a trade now can increase the risk, so it is better to confirm the movement and form a suitable candlestick pattern. Do not rush to trade for this currency pair yet .
GBPCHFThe GBP/CHF pair is showing a bullish trend on the 4-hour timeframe, having broken through a key resistance level. The price action appears to be following the Elliott Wave pattern, and it has completed the 4th wave, finding support on the ascending trendline. With this support and the key level holding, the price is expected to move upwards into the 5th Elliott wave.
LOWER TF LOOK AT GBP/CHFGBP/CHF - This is something I am looking at getting involved in should the markets play out in our favour and put in the structure we want to see ultimately. We could look to set a pending order, however this could be more risky with us not waiting for entry confirmation.
I have completed a full top down on this pair and have a longer term goal with this market wanting to see it go bullish longer term. With my higher timeframe position I have placed my SL below the last higher timeframe low and my TP just below the higher timeframe high.
I want to see price pullback trading us into the Demand Zone below as this could be an area at which price trades down and into to set a new protected low, in doing so it would be following the laws of bullishness assuming price goes on to set a new high.
I believe this may play out as price has broken structure to the upside suggesting that bullishness is being introduced into this market longer term. For additional confluence, we would wait for price to break again fractally to the upside once we see price trade into the Demand Zone.
GBPCHF POSSIBLE SELLBased on the current trend, the market is still bearish. The market is currently at the resistance structre which is 0.618 Fib based on the current leg. I can see a reversal chart pattern on the 4HR TF.
We could see SELLERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
GBPCHFWe can attempt to buy GBPCHF from specified level as it break LH ,also trading double bottom (reversal pattern) , also bullish divergence occur indicate that it moves upward.
SL , TP mention in chart.
GCHF ANALYSIS Dear friends and followers, take a look at GBPCHF EITHER WAY, JUST WATCH AND PLACE YOUR TRADE...
GBPCHF Update , DownTrend AnalysisAnalysis GBPCHF
From Weekly and Daily Chart ,
GBPCHF has exited the Downtrend
i will take another chance on the next
resistance level Which contains of huge FVG.
Trade is always a risk and rewards
Control your greed , one step at a time
GBPCHF Short Term Buy IdeaH1 - Bullish trend pattern
Currently it looks like a pullback is happening
Until the two strong support zones hold my short term view remains bullish here.
GBP-CHF Bullish Bias! Buy!
Hello,Traders!
GBP-CHF made a retest
Of the support cluster
Of the horizontal and
Rising support at around 1.1415
And went up so we are
Bullish biased and we will
Be expecting a further
Move up
Buy!
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Check out other forecasts below too!
GBPCHFFUNDAMENTAL VIEW : GBP LONG 65 % SHORT 35 %
CHF LONG 13% SHORT 83%
RETAIL SENTIMENT LONG 52 % SHORT 48 %
SEASONALITY ; JULY BULLISH FOR GBP CHF SIDE WAYS
TECHNICAL ANALYSIS; 4 hr. Time frame
after bullish divergence and break of downward trend line printing HH and HL
no bearish divergence
expect retracement to FVG and to continue bullish trend
trade at your own risk
GBPCHF BUYS-We have a clear daily MSS
- Waiting for a retracement into a 4HR BISI
- Hoping we get the low of the week on Tuesday/Wednesday
- Keep in mind that we have a GBP red folder on Thursday
GOOD LUCK YALL!!!!!!!>>>>
GBPCHF longThose followed this analysis, it moved up more than 120 pips.
I anticipate a pullback down to 1.1440 (Fibo 0.5) or 1.1422 (Fibo ) 0.618 before shouting up again. So let's see how it plays out.
GBP/CHF BEARS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
GBP/CHF pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 12H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.135 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPCHFGBPCHF price is near the support zone. 1.11890-1.11186 If this support zone still works well It is expected that in the short term there is a chance that prices will rebound. Consider buying a red zone.
>>GooD Luck 😊
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Before trading You should analyze it yourself again.
GBPCHF SELLThe market is currently testing the current structure which is reacting to the current structure. Based on price action, the market is forming a reversal chart pattern on the 4HR/2HR TF.
We could see SELLERS coming in strong should the current level hold.
This is not the perfect market condition to trade. Let's see how this will play out
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
Oh boy!Inverse HS not confirmed in the monthly timeframe. The markets are doing very scary moves in stocks and forex. Something big is happening. Looks like is going to break out a downtrend from 2015!!!!!. I'm already all-in in AUSUSD but I can't miss this one. I'm transferring more funds to forex account. I hate cash lol.
Congrats Traders! GBPCHF Alert Pushing 200 Pips!🎉 Congrats Traders! GBPCHF Alert Pushing 200 Pips – Let's Ride to 1.16736! 🚀
Congratulations to all the traders who caught my alert on GBPCHF! We're now pushing an impressive 200 pips, and we're still in the trade. In this video, I'll guide you on how to manage this winning position using Darvas Box with my custom settings to determine the optimal exit point.
We'll cover:
Current progress and market conditions for GBPCHF
How to use Darvas Box to identify pullback and exit points
My analysis and why I expect this trade to hit the target of 1.16736
Risk management strategies to protect your gains
Join me as we navigate this exciting trade and aim for the ultimate target. Don't forget to like, comment, and subscribe for more trading alerts and expert analysis. Let's capture those final pips together! 🚀💹
GBPCHF: Back To Bullish Trend?!GBPCHF has started to bounce back after a long period of bearish rally.
There is a clear break of an important resistance level, indicating strong buying pressure.
The price is currently retesting the broken structure from where we'll be expecting a bullish rebound.
I anticipate further recovery in the market, with a potential target of 1.1535 in the near future.
