GBPCHFsimple market analysis , H&S i love this pattern retest neckline. Always good to be patient in this chart game,only the strong last in this industry
GBPCHF trade ideas
Buy GBP/CHF Bullish PennantThe GBP/CHF pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward 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 the current price of 1.1195, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 1.1273
2nd Support – 1.1301
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GBPCHFAlright i came up with a set up based on how i understood this structure so first thingX2, i see an uptrend at the current price when you look at the left side there are unfilled Fair Value Gap those FVG's they have to be filled above the FVG there is an ORDERBLOCK.
#SMC_TRADER
im expecting for wave 5Hello Traders, GBPCHF might drop, We can see that wave count still missing the 5th wave which gonna make it drop but let see what is gonna happen on this zone, let see what reversal patterns are gonna form.
NB:NO REVERSAL PATTERNS NO ENTRY.
GBP/CHF BEARS ARE GAINING STRENGTH|SHORT
Hello, Friends!
We are now examining the GBP/CHF pair and we can see that the pair is going up locally while also being in a uptrend on the 1W TF. But there is also a powerful signal from the BB upper band being nearby, indicating that the pair is overbought so we can go short from the resistance line above and a target at 1.084 level.
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GBP/CHF Cup and Handle ready to rally to 1.1737Cup and Handle has formed on the 4 hour chart.
We do need the price to close above the 20 and 200MA to make it a high probability analysis..
But all in all, it's bullish and the chart is looking up.
We also have an uptrend (Safety line) in Check showing momentum is up.
Target 1.1737
GBPCHF at resistance level high chances to break it. GBPCHF has reached the resistance level and there are high chances of it breaks it, before that it many consolidate to lower level as showing in the graph. Have a profitable trade !
GBPCHF ANALYSISLorem ipsum dolor sit amet. Ex quibusdam assumenda sit cupiditate recusandae quo maxime dolores At magni asperiores quo corrupti corrupti ut quia dolores ut voluptatem iusto. Aut officia atque id possimus voluptate aut veritatis ducimus. In dignissimos incidunt sit internos quos qui nesciunt voluptatibus sit molestiae doloribus ut eius quas et deserunt sunt. Qui amet voluptatibus qui laudantium aperiam qui ipsam quos et sapiente dolores non molestias expedita id galisum rerum qui similique aspernatur.
GBP_CHF WILL GO UP|LONG|
✅GBP_CHF is trading in
An uptrend and the pair
Broke the key horizontal
Level of 1.1174 which is
Now a support then made
A retest and is going up again
So we are bullish biased and
We will be expecting a
Further move up
LONG🚀
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GBPCHF: Multiple Time Frame Analysis & Bearish Outlook 🇬🇧🇨🇭
GBPCHF may retrace from a key daily horizontal resistance.
The price formed a triple top pattern on that on an hourly time frame
and just broke its neckline.
We can expect a retracement at least to 1.118 level now.
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GBPCHF-SHORTGBPCHF is trading in a bearish trend,price is almost completing its bearish retracement on daily timeframe
GBPCHFFUNDAMENTAL BIAS SCORE 06
TECHNICAL : break of bearish trend line
HH and HL formation
FVG
Volume support
no bearish divergence
Buy Limit Entry
Good luck
