Short sell opportunity on GBP/CHFGBP/CHF is in supply area. It already down daily pivot point. Also showing RSI divergence. Apart from it, if it break 25 SMA then we can look for short sell opportunity for at least 1:2 risk reward ratio.
GBPCHF trade ideas
GBPCHF : Short Trade , 1DHello traders, we want to check the GBPCHF chart. The price is moving in an ascending channel and has reached the specified resistance level. We expect this level to stop the upward trend of the price and the price will have a correction to around 1.11500. Good luck.
Will GBP/CHF continue its upward trend or reverse? 15min studyAnalyzing the 15-minute chart, we explore whether GBP/CHF will maintain its upward trajectory or undergo a reversal.
Sell GBP/CHF Channel BreakoutThe GBP/CHF pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 1.1222, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones: 1.1151 and 1.1108. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the channel, ideally around 1.1252. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you
SHORT GBP/CHF from 1.2518I noticed a double top and a potential M-Top formation at resisTNCE ON gbp/chf this morning.
The neckline of the M-Top has just broken and we have other BEARISH signals.
The under used and under appreciated Andean Oscillator has seen the red SELL line move awau from zero indicating the possible entry of BEARS into this market.
We now need to see now is the green BUY line of the Andean Oscillator read less than the signal line (currently the green sell is higher than the signal line) so this trade is a touch premature as we do not have that confirmation but the RSI on H1 was reading 78 an hour ago and is now reading 69 so its dropping from overbought levels.
The MACD has yet to catch up with the price so we do not have a SELL confirmation on MACD which would preferrable.
The double top is the key selling point (as it were) for this trade so I'm in a bit early with this trade but it will result in more pips if it works out.
STOP is above the high at 1.1269 but I'll be closing this trade early if there are signs that GBP/CHF BULLS are not finished with this market.
GBPCHF BULLISHGBPCHF continuous its bullish trend in H4
print higher high and higher low
follow dow theory
no sighn forreversal
GBPCHF BEARS TO TAKE OVERHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GBPCHF BEARS TO KICK IN AGAIN! 📚
👉As we can see price is still around a massive resistance zone, adding on price is still overall bearish trading inside this falling broadening wedge pattern.
where we are still looking for new shorts around these zones!
👉Meanwhile, from a short-term perspective, price is trading inside this rising channel, and for the bears to kick in we need a momentum candle close below our last major swing low, then a movement lower would be expected.
And as usual 1-2 risk to reward ratio from a risk management perspective. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
GBPCHF SHORT postionAfter reaching a supply zone for the GBP may be it is time for correction. There is bearish divergence on the RSI 1H timeframe which I am thinking is going to happen. The TP zone could be the eclipse which is on the resistance zone. The other important thing is that the 200MA could be support zone which is not sure that the price will break. Do your own reasearch and please share you thoughts.
GBPCHFGBPCHF is in bullish trend.
Bearish divergence shown in Rsi.
Rising wedge reversal pattern also form.
We wait and watch for the breakout of wedge pattern..
GBPCHF Techinical AnalysisCurrent trend on chart is Bullish . There is a series of HH's & HL's
There is a bearish divergence on RSI and chart. If price falls from this point and print new LL and then LH. Then we can Proceed for a short trade as bearish trend will start to grow. Looking forward to chart to print new LL.
GBPCHF Will Go Higher! Buy!
Take a look at our analysis for GBPCHF.
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 1.118.
The above observations make me that the market will inevitably achieve 1.125 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
Like and subscribe and comment my ideas if you enjoy them!
GBCHF 📉 SHORT Idea ✔As we see oscillator's divergence action here, as well as the price reacted the strong supply zone, the possibility of the price declining is high.
Take Profit zones are the minor support zones.
Good Luck to All!😎❤🙌🏽
GBPCHF Short 1:6 RRHello everyone, I hope you had a restful weekend.
I'm focusing on a few pairs this week and GBPCHF is one of them.
Reason for taking trade:
1. Structure has broken the previous high showing a high probability chance of forming an expanding/regular flat with abc correction. Therefore the move down is needed to complete the FLAT being formed
2. MACD divergence from 15 min-H4 timeframe currently in play
3. There is a FVG 1.12034 15 min TF that needs to be closed before the move initially starts
4. CHF CPI news in 1 HR will most probably be the trigger to push the pair downwards.
Entry: 1.12034
STOP LOSS: 1.12285
Take profit: 1.10625
GBPCHF for sell 3 hours ago
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
✅GBP_CHF BEARISH BIAS|SHORT🔥
✅GBP_CHF has been growing recently
And the pair seems locally overbought
So as the pair is approaching a horizontal resistance of 1.1268
Price decline is to be expected
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
