LONG PositionsI have this morning started to accumulate a large long position on GBP/CHF. We saw a failed break out earlier but believe this will soon breakout above.
TP 1.14
SL just under resistance levels as indicated.
GBPCHF trade ideas
GBPCHF Expected Growth! BUY!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The instrument tests an important psychological level 1.1207
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 - 1.1260
Recommended Stop Loss - 1.1178
About Used Indicators:
Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price.
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WISH YOU ALL LUCK
GBPCHF: Intraday Technical OutlookAfter a breakout of a horizontal demand cluster last week, GBPCHF began to gradually recover while forming a symmetrical triangle pattern.
The market showed a clear rejection from the broken area. The next signal for a bearish trend will be a breakout below the support of the triangle pattern, confirmed by a 4-hour candle closing below that level.
This is likely to push the market down to at least the 1.1200 level.
If you have not yet entered a short position, it is recommended to wait patiently for a breakout to occur.
GBPCHF TRADE RECAPHello traders ! I have shared this recap together with trading lesson! I hope by watching this, you are going to get useful tips that will help you for the next week. See you in Next week!
[Vienmelodic] AUDNZD 16 Dec 2024 - Wait & See ModeAfter breakout structure on H4 this is the spotted possible retesting area.
ussually i take the lowest area for long possition,
but if theres any H1 bullish candlestick formed anywhere within the first area, i will take long entry with market execution..
Let see on the next several days for the updates.
~Cut the Losses and let the Profits Run~
Vienmelodic
GBPCHF - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels.
In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower.
Also price swept key weekly swing high.
But to take more statistically more probable trades we should wait for some type of lower timeframe confirmation, and it this case we can notice sign of weakness, so potentially there is a higher probability to see price lower.
Your success is determined solely by your ability to consistently follow the same principles.
GBPCHF: Forecast & Technical Analysis
The recent price action on the GBPCHF pair was keeping me on the fence, however, my bias is slowly but surely changing into the bullish one and I think we will see the price go up.
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GBPCHF Ahead of the BOE Interest Rate DecisionGBPCHF Ahead of the BOE Interest Rate Decision
Today, the Bank of England (BOE) is expected to release its rate decision. The BOE is anticipated to keep rates unchanged at 4.75%. If this happens, the GBP could see slight bullish momentum, but nothing significant.
However, considering the improving UK data over the past month, we could see a weaker GBP , if the BOE cuts rates.
The price has already broken out from a bearish pattern.
This movement is very risky, as it is mainly based on the BOE Interest Rate Decision.
These events can easily invalidate patterns, so it is advisable to be cautious.
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❤️
Fri 20th Dec 2024 GBP/CHF Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a GBP/CHF Sell. Enjoy the day all. Cheers. Jim
GBPCHF pullback after strong bullish moveIf the 4h candle cannot close with a strong bullish candle, we can expect price to drop back withing the trading range of 1.1260
GBP/CHF Analysis🔻 Trend Direction:
The trend is clearly bearish, with strong selling momentum dominating the GBP/CHF currency pair. The price has broken below key levels and is showing no immediate signs of reversal, indicating a strong continuation of the downtrend.
💡 Key Observations:
1️⃣ The strong sell-off aligns with the saying, "Let the trend be your friend," as the bearish momentum is evident.
2️⃣ Price is heading toward key support zones, as highlighted in the chart.
3️⃣ Potential support levels around 1.1185 and 1.1135, where the price may slow down or reverse.
📌 Trading Idea:
Consider short positions if the bearish momentum continues, aiming for the support zones.
Stay cautious around these areas, as they could trigger reversals or consolidation.
🚨 Risk Management:
Place stop-losses above 1.1230 or higher to protect against unexpected pullbacks.
Use proper risk management strategies and monitor price action at key levels.
Shorted this pairTwo short trades 80pips plus a second one 30pips totalling110pips profit targets met
Buy GBP/CHF Bullish PennatThe GBP/CHF pair on the H1 timeframe presents a potential Buying opportunity due to a recent breakout from a well-defined Bullish Pennant pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1427
2nd Support – 1.1475
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Bullish bounce off pullback support?GBP/CHF is reacting off the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 1.1312
1st Support: 1.1255
1st Resistance: 1.1395
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.
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GBPCHF SELL 4 HOUR TIME FRAMESUPPLY ZONE
Multiple Rejections on top
Liquidity grabbed from the top
Expecting 2:1 Risk to Reward
Let's see!
Potential bullish bounce?GBP/CHF is falling towards the support level which is a pullback support that aligns with the 38.2% and the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.1314
Why we like it:
There is a pullback support level that lines up with the 38.2% and the 50% Fibonacci retracement.
Stop loss: 1.1254
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 1.1395
Why we like it:
There is a pullback resistance level.
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GBPCHF Trading Opportunity! SELL!
My dear subscribers,
This is my opinion on the GBPCHF next move:
The instrument tests an important psychological level 1.1361
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1313
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
gbpchf longgbpchf has recently made a bullish divergence and now in bullish trend on the higher time frames . so we place a buy , instant order and will place our stop loss below the last support of 15min . hopefully this trade will go accordingly inshallaha
Buy GBP/CHF (GBP - CPI Data)The GBP/CHF pair on the M30 timeframe presents a potential Buying opportunity due to form of well-defined channel pattern. This suggests a shift in momentum towards the upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1427
2nd Support – 1.1474
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
GBPCHF FORECASTTraders! Watch this with a close eye because it is looking very good for today, everything from the higher time is looking good, and we are just waiting for the confirmation in entry timeframe. But mind you that patient is key!
GBPCHF is all set to continue its downward movement!The price is moving down within a descending channel. Right now, it bounced off the upper limit of the channel and hit a key weekly resistance. A candlestick pattern with a long upper wick and a small body has formed. Plus, the price has formed a triple top with lower highs. A short trade looks good based on price action and backed by volume analysis, which clearly shows a clear exhaustion of buyers. GBPCHF is moving towards the major volume activity price range around 1.12. On top of that, volume analysis backs this up, indicating that buyers are getting stronger and ready to push the price down.
Time Frame: daily
Idea support:
- Price action
- Volume Analysis
- Trend analysis
