GBPCHF in a Range Trading movement! What's Next?GBPCHF in a Range Trading movement! What's Next?
GBPCHF is moving in a narrow range trading zone located between 1.1455 - 1.1508
It is too early yet to talk about the next price direction because the market is still in correction and the Economic Calendar is empty.
This is a strong reason why many currency pairs are in this strange situation.
A move or below the pattern will show the next price direction.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
GBPCHF trade ideas
GBP-CAD Will Go Down! Sell!
Hello,Traders!
GBP-CAD broke the key
Horizontal level of 1.1460
And now we are seeing a
A local pullback but we
Are now locally bearish
Biased and so we will
Be expecting a further
Move down
Sell!
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The bullish extension of the corrective zigzag patternGreetings,
Dear friends, I hope you are well and have a week full of successful and profitable transactions.
I haven't been in the service of the companions on the Trading View platform for a few weeks because I was completing an educational resource. I hope I can make up for my absence from now on, but if I see a valuable market, I will share it with you.
The text of my analysis:
A cycle of eight waves completes the greater degree, which consists of waves 1 and 2 at a higher degree.
Currently, there is an impulse pattern with 5 waves, followed by a corrective pattern that I interpret as a zigzag. This correction typically ends between the 38.2% and 78.6% Fibonacci retracement levels.
The downward trend mustn't cross the price level which would invalidate the analysis. If this happens, I have an alternative idea that I will share with you.
Note: I am an analyst in the world of principle wave, who has entered the fourth year of my work experience, and I am developing an analytical idea. In financial markets, there is no 100% certainty due to the complexity of different patterns that can change. However, I do my best to back up every analysis I share with you guys with everything I've learned so far.
A brief explanation of the three fundamental laws of the wave principle:
1. The second wave should never go beyond the beginning of the first wave.
2. The third wave should never be the shortest wave between waves 1, 3, and 5.
3. The fourth wave must never enter the territory of the first wave.
Ralph Nelson Elliott was the founder of this theory, and when asked about his view of the market, he always referred to five waves in the direction of a larger trend and three waves against the direction it was taking. After completing an eight-wave cycle, a larger cycle is formed in the future, simply.
May his memory be cherished, and may his soul rest in the shelter of God Almighty and the eternal world.
I am attaching the analysis of this market that I shared with you earlier to this current analysis.
The last word of my analysis text is repetitive, except to explain the current analysis because I also trade in the financial markets and I am active in my social networks, and I work hard to improve my skills in analysis and trading to reach my goal.
I apologize for repeating the text.
I welcome suggestions and criticisms, and I will respond, but a logical reason is important to me.
Thank you for taking the time to review my analysis.
First of all, I wish good health and success to all my dear friends and colleagues.
Mr. Nobody
GBPCHF: Very Bearish Signal Confirmed I believe GBPCHF is showing strong bearish signals.
A significant head and shoulders pattern has formed on the 4-hour chart, with the price respecting the 1.1471 - 1.1450 resistance level and reversing from there.
Today, the previously highlighted blue area was breached, confirming the continuation of a bearish trend. The next target is expected to be between 1.1397 and 1.1344.
GBPCHF Will Explode! BUY!
My dear friends,
My technical analysis for GBPCHF is below:
The market is trading on 1.1446 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1530
Recommended Stop Loss - 1.1401
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
———————————
WISH YOU ALL LUCK
✨ GBPCHF: LTF CURVE ANALYSIS (3H) ✨ (UPTREND)BLO2 @ 1.07182 ⏳
BLO1 @ 1.06850 ⏳
TP1 @ 1.08612
TP2 @ 1.09583
TP3 @ 1.10528
TP4 @ 1.11000
SLO1 @ 1.1115 (place price alert)
SLO2 @ 1.11311 (place price alert)
🔑
BLO = BUY LIMIT ORDER
LTF = LOW TIME FRAME
SLO = SELL LIMIT ORDER
TP = TAKE PROFIT
Short-term time frames (1-minute to 3 hour):
— Highly volatile, price movements can be fast and unpredictable.
— Suitable for day trading and scalping, but require constant monitoring and quick decision-making.
— Not ideal for beginners due to the risk and stress involved.
Heading into 50% Fibonacci resistance?GBP/CHF is rising towards the pivot and could reverse from this level to the 1st support which has been identified as an overlap support.
Pivot: 1.15448
1st Support: 1.14590
1st Resistance: 1.16212
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:
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GBPCHF Under Pressure! SELL!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The price is coiling around a solid key level - 1.1483
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.1478
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
GBPCHF-Bearish FlagThe pair has broken its long bullish run by breaking its trend line. Now it has shown sign of bearishness by printing bearish divergence on RSI plus break its previous HL.
The pair is currenlty in making of bearish flag pattern which is a continuation of bearish trend.
Trade Plan:
Short position can be taken at break of pole with confirmation that bearish trend will continue.
EP & SL are mentioned with TP1 and TP2
GBPCHF - stalling at supportHesitation at a significant s/r level always makes for a low risk trade. I am looking to ride this up to 1.1660, could be much higher if it builds up strong momentum. I know today is Friday but this pair has a positive swap for a long trade.
I have taken a long, but closer to NY close time, I will decide if to stay with it.
This is not a trade recommendation, it is just my analysis.
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 if/when you trade.
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GBPCHF Bank Money Heist Plan on Bearish SideMy Dear Robbers / Traders,
This is our master plan to Heist Silver Market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
GBP/CHF SHORT FROM RESISTANCE
Hello, Friends!
Previous week’s green candle means that for us the GBP/CHF pair is in the uptrend. And the current movement leg was also up but the resistance line will be hit soon and upper BB band proximity will signal an overbought condition so we will go for a counter-trend short trade with the target being at 1.143.
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