GBP/CHF is forming an Anti-Cypher Harmonic Pattern (XABCD) on the 4-hour chart. This pattern indicates a potential reversal in the current trend. Key Levels and Trendlines: The price is approaching a key resistance area and a 4-hour trendline, suggesting a possible reversal from the bullish momentum. Entry and Stop Loss: Considering the Anti-Cypher pattern...
Welcome back! Let me know your thoughts in the comments! ** GBPCHF Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
You can see all the important zones and levels on the chart. We expect the price to test the bearish order block and then fall. we need LTF confirmation for entry. 💡Wait for the update! 🗓09/11/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Hello,Traders! . . . . . GBPCHF fulfilled our previous idea and broke out of the descending triangle to the downside. It has now formed a support at 1.0917 which was a previous pivot support in October 2022. In the short term, we expect a correction to the previous structure broken and more potential downside from 1.1040 - 73. Short! Trade safe and good...
Here is my analysis for GBPCHF on H1 using Order Block. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
GBPCHF, i am expecting buy from the order block and strong demand zone with high volume. Expecting to reach price minimum at its previous high.
- VIX is slightly UP, so CHF has become somewhat STRONG with the SNB RATE HIKE. Due to this STOCKS and XXXCHF CURRENCY were slightly SELL. GBPCHF was also SELL because of that. Currently there is a RISK OFF BIAS. Therefore, GBPCHF may sell slightly in the future. - Currently GBPCHF LONG TERM can move up to the LEVEL 1.1537. Also, according to the GBPCHF...
We are in a side range higher than the fractal, the best strategy is fluctuations between the floor and the ceiling. Currently, we are witnessing an upward movement in the encounter with the bottom and the support zone and a positive divergence. We are between the static support area of 1.12118 and the resistance of 100 Fibo projection with the area of 1.12534...
Potential Reasons: 1. Key level breakout and change in market structure on the daily time frame. 2. Trendline breakout 3. Rising wedge breakout We are only risking 2% per trade. We expect to hold this trade 3 to 4 weeks. Less is more! You need to understand your personality to understand what type of trader you are. Once you understand this than only you...
- VIX is slightly UP, so CHF has become somewhat STRONG with the SNB RATE HIKE. Due to this STOCKS and XXXCHF CURRENCY were slightly SELL. GBPCHF was also SELL because of that. Currently there is a RISK OFF BIAS. Therefore, GBPCHF may sell slightly in the future. - Currently GBPCHF LONG TERM can move up to the LEVEL 1.1656. Also, according to the GBPCHF...
- VIX is slightly DOWN, so CHF is slightly WEAK. Due to this STOCKS and XXXCHF CURRENCY were slightly BUY. GBPCHF also became BUY because of that. But now there is a RISK ON BIAS. Therefore, GCHF can be BUY in the future. - Currently GBPCHF LONG TERM can move up to the LEVEL 1.1577. Also, according to the GBPCHF STRUCTURE, before BUY, you can move down to...
GBP-CHF was trading below a falling resistance But now we are seeing a bullish breakout And a retest of the broken level So I think we will see a further move up
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
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Based on technical factors there is a Long position in : 📊 GBPCHF 🔵 Long Now 1.1121 🧯 Stop loss 1.1039 🏹 Target 1 1.1218 🏹 Target 2 1.1357 🏹 Target 3 1.1550 We hope it is profitable for you ❤️ Please support our activity with your likes👍 and comments📝
The GBPCHF pair has been on a bearish trend since the April 2021 Top, which has been accelerated since June 2022 as the price has failed to recover and trade above the 1D MA50 (red trend-line). In fact, this month has entered the huge Support Zone that dates all the way back to the August 2011 low! Within those 11 years of trading, the lowest level has been the...
The GBPCHF pair has been trading within a Bearish Megaphone pattern since the April 05 2021 High. Every Lower Low has been on the 1.786 Fibonacci extension from the previous and the recent series of Lower Highs have been rejected on the 1D MA200 (orange trend-line). The price is now testing the Lower Lows trend-line and that makes it an automatic buy. The...
With a significant breakout of the descending channel identified on the higher time frame, I am looking forward to a bullish momentum this week. This video explains how I intend taking advantage of this potential move to the upside. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and...