GBPCHF BearBias Bearish
Fundamental Analysis
CHF is bullish with GBP neutral
Price Action:
Price retrace back to H4 resistance & bearish trendline. Formed a flag pattern. Price rejected from that level and close at a lower low
Confluence:
Higher TF (W/D/H4) - Rejection from H4 SR & TL.
Lower TF (H1/M30/M15) - Break through 2 H1 SR level and H1 Bull TL.
Set up:
Short trade at the higher H1 SR level
SL 2 ATR (20)
TP Daily Swing low R:R 1:5
GBPCHF trade ideas
GBPCHF downward consideration!Based on the chart, price is in a clear strong down trend and currently it comes below a support area which it is possible to act as resistance.
The short position is my current pending order on the chart.
I will share my tradings and if you are interested, you can like and follow me to get access to my new signals and updates on chart.
GBPCHF SHORTFundamentally,GBP is underperforming while CHF is demonstrating stronger economic indicators. My technical analysis reveals that GBP/CHF tested the 1.4000 psychological level and is maintaining its bearish momentum.
(Look at the quarterly candle and monthly a lot of rejection)
#Forex #Trading #GBP #CHF #TechnicalAnalysis #FundamentalAnalysis"
GBPCHF SHORTFundamentally,GBP is underperforming while CHF is demonstrating stronger economic indicators. My technical analysis reveals that GBP/CHF tested the 1.4000 psychological level and is maintaining its bearish momentum.
(Look at the quarterly candle and monthly a lot of rejection)
#Forex #Trading #GBP #CHF #TechnicalAnalysis #FundamentalAnalysis"
Could price bounce from here?GBP/CHF is falling towards the support level, a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.13765
Why we like it:
There is a pullback support that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.13144
Why we like it:
There is a pullback support level.
Take profit: 1.14444
Why we like it:
A pullback resistance level aligns with the 61.8% Fibonacci retracement.
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Bearish reversal?GBP/CHF is rising towards the pivot which acts as a pullback resistance and could potentially reverse to the 1st support which has been identified as an overlap support.
Pivot: 1.14118
1st Support: 1.13158
1st Resistance: 1.14620
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPCHF Swing BuysThis is my analysis of GBPCHF for this week.
We have showed presence of bulls at my DAILY buying zone of interest and also received a BOS UP on the 1hr after some consolidation. I am looking for a simple B/R to tag me into the trade and go long from there. The EMA is also in our favour as it should hold price up.
I am targeting the next DAILY zone of interest which is a selling zone where I will consider taking sells, again simple B/R.
Entry : 1.13800
SL : 1.13500 (30 Pips)
TP : 1.14700 (90 Pips)
RR : 3:1
Safe Trading! :D
GBPCHF My Opinion! BUY!
My dear subscribers,
This is my opinion on the GBPCHF next move:
The instrument tests an important psychological level 1.1387
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1476
My Stop Loss - 1.1317
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
GBP/CHF BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
GBP/CHF pair is trading in a local downtrend which know by looking at the previous 1W candle which is red. On the 1H timeframe the pair is going up. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is 1.130 area.
✅LIKE AND COMMENT MY IDEAS✅
Heading into 50% Fibonacci resistance?GBP/CHF is rising towards the pivot which is a pullback resistance and could reverse from this level to the 1st support which also acts as an overlap support.
Pivot: 1.1411
1st Support: 1.1315
1st Resistance: 1.1462
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPCHF Will Move Higher! Long!
Here is our detailed technical review 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 1.135.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.143 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.
Like and subscribe and comment my ideas if you enjoy them!
GBPCHF: Time For Pullback 🇬🇧🇨🇭
GBPCHF may pullback from a key daily support.
The pair looks oversold after a strong bearish rally.
The price formed a cup & handle pattern on a 4H
and violated its neckline.
I think that the market will reach 1.14 level soon.
❤️Please, support my work with like, thank you!❤️
GBPCHF BUY IDEA NOWDear friends and followers,
Let trade GBPCHF and make money ...
I see the pair is ready to buy on the long run...
Find your entry and make money for yourself but remember risk management and set proper Stop loss.
Good luck all
You can message me if you need to personal training on forex trading
Could GBP/CHF rise from here?The price is currently reacting off the pivot and could potentially rise from this level to the 1st resistance level which is a pullback resistance.
Pivot: 1.13180
1st Support: 1.12268
1st Resistance: 1.14032
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPCHF: ITF CURVE ANALYSIS (11H) - UPTREND✨ GBPCHF: ITF CURVE ANALYSIS (11H) ✨ (UPTREND)
BLO2 @ 1.12907 ⏳
BLO1 @ 1.1324 ⏳
BSO1 @ 1.13333 ⏳
BSO2 @ 1.13442 ⏳
TP1 @ 1.13705
TP1a @ 1.1415
TP2 @ 1.15027
TP3 @ 115862
SLO1 @ 1.16094 ⏳
SLO2 @ 1.16553 ⏳
🔑
BLO = BUY LIMIT ORDER
BSO = BUY STOP ORDER
ITF = INTERMEDIATE TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
NOTE: We were able to get the full profit of the countertrend trade for this pair. Now, let's see if this range will allow for more profits as I anticipate a strong move to the upside. PA has already satisfied 10H demand, but is it good enough? I'm providing a look into my own personal trade. Let's see if I've got it right not....
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames.
— Provide more opportunities for confirmation signals and technical analysis.
— Allow for more flexible trading schedules, trades can be held overnight.
— Suitable for swing traders and some positional traders.