GBPCHF trade ideas
GBP/CHF Bullish with Reversal PotentialGBP/CHF is expected to move bullishly towards the target of 1.12660. A stop loss is set at 1.11458, which is a crucial level. If the stop loss is triggered, it not only protects against further losses but also signals a possible trend reversal. In such a case, the breach of 1.11458 could confirm a shift in momentum, leading to a potential sell opportunity as the trend reverses direction. This dual approach allows traders to capitalize on the bullish scenario while being prepared for a reversal.
GBP/CHF Poised for Further GainsGBP/CHF Completes Bullish Harmonic Pattern, Poised for Further Gains
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.
This upward movement is also influenced by the divergent monetary policies of the UK and Switzerland. Given that GBP/CHF typically experiences only minor corrections, it appears that the pair is set to continue its ascent.
The targets for GBP/CHF during September are 1.1320, 1.1490, and 1.1660, as indicated on the chart.
You may find more details in the chart!
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GBPCHF💡Hello everyone, GBPCHF chart analysis There is a clear resistance area (in red) where the price is trying to overcome it but is having difficulty. The price reached this area several times but was unable to penetrate it successfully. MACD indicator: It shows that selling momentum is starting to increase. We move to a lower time frame and look for a selling opportunity ⬇️
⛔️It is not investment advice, for educational purposes only.
GBP/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
GBP/CHF pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 3H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.114 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPCHF this time will it break resistance ? High chances !The price failed to break the resistance last time and it took some time for consolidation and now again up and high chances that it can break up the resistance and may reach target 1 and target 2 play with strict stop loss. If failed to break the resistance can further drop is another scenario but which is very less probability! Have profitable trade.
GBP/CHF Bullish Breakout: Targeting 1.12068GBP/CHF appears bullish on the 15-minute chart following the breakout above the trendline. I'm targeting a move towards 1.12068, with additional confirmation provided by the stochastic indicator, which is currently at oversold levels, suggesting a strong entry opportunity.
GBP/CHF Bullish Breakout 15min: Targeting 1.12068 GBP/CHF appears bullish on the 15-minute chart following the breakout above the trendline. I'm targeting a move towards 1.12068, with additional confirmation provided by the stochastic indicator, which is currently at oversold levels, suggesting a strong entry opportunity.
GBPCHF trade ideaHello Traders
In This Chart GBPCHF HOURLY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPCHF 8H long-term Short Analysis
Strategy preconditions
By seeing the downward momentum occurred previously on 8H chart, GBPCHF has great potential to push down to Daily target at 1.06370, . In order for the market to continue pushing down, we need downward BOS to confirm that the local trend also starts to reverse to pushing down.
Here are 3 prediction scenarios, all of them have the same concept: Waiting for the downward HTF BOS and pullback before taking Short. Personally I don't believe much on the prediction marked as red line, that's why I demand an extra downward BOS and pullback before Short shown on the chart, because this prediction has not gained as much liquidity as the other two for pushing downward.
Red prediction: SL set at reasonable level depends on the entry area shaped in future, and TP at 1.06370
Green prediction: SL set at 1.13122 and TP at 1.06370
Blue prediction: SL set at 1.13860 and TP at 1.06370
You can take partial profit at TP 1.07432.
Cautions
if the "Caution level" has been reached before our desired downward BOS occurs, abandon this strategy, new analysis needs to be made then.