GBPCHF have been in a strong trend, but momentum indicators are suggesting scope for a pullback to come in now. So i am preferring shorts around 1.3539, with stop above 1.3557, looking for target 1.3466 for now.
Hi guys, i've looking at this pair since we've reached the yellow zone highlighted on the left hand side of your screen. And i'm now getting involved because of the false breakout that you see on the right hand side of your screen. But let me be clear: first, we are at a major structure level on the daily timeframe, second, we've reached overbought condition on...
Touched Strong Resistance and wait for the broken trendline and also a reversal candle Good Luck! :)
It seems GBP/CHF reached it's strong resistance price @ 1.34689. There is a good opportunity to retrace price until nearby support@ 1.32519.
GBPCHF is testing strong resistance presenting us with a good selling opportunity. Sell below 1.3466. Stop loss at 1.3527. Take profit at 1.3335. Reason for the trading strategy (technically): Price is testing major resistance at 1.3466 (Fibonacci retracement, horizontal swing high resistance, bearish harmonic formation) and a strong reaction could occur from...
GPBCHF is Standing on D1 Resistance zone There are several reasons to short this pair Reason 1: D1 Resistance Zone Reason 2: Triple Top ? (If Current D1 candle closes as Bearish "Engulfing" Reason 3: H1 Ascending channel downside Breakout Reason 4: Bearish RSI divergence Reason 5: If Price pulls back to 1.3390-1.3410 and forms Bearish Price action candlestick...
Hi Guys, Lets look at this chart and see that there is a double top formation from the previous top. Also, we can see that there is a bearish divergence between the previous high and the peak with the RSI showing a downtrend. From here, i believe that GBPCHF will reverse to a downtrend. T/P1 at 1.3221 T/P2 at 1.3084 S/L above the 1.3500 Please don't trade...
GBPCHF is presenting us with a really good selling opportunity. Sell below 1.3434. Stop loss at 1.3522. Take profit at 1.3145. Reason for the trading strategy (technically): Price is testing major resistance at 1.3434 (Fibonacci extension, bearish harmonic formation) and a strong drop could occur from here to push prices all the way down to 1.3145 (Fibonacci...
GBPCHF is presenting us with a really good selling opportunity. Sell below 1.3434. Stop loss at 1.3522. Take profit at 1.3145. Reason for the trading strategy (technically): Price is testing major resistance at 1.3434 (Fibonacci extension, bearish harmonic formation) and a strong drop could occur from here to push prices all the way down to 1.3145 (Fibonacci...
It seems GBP/CHF reached it's resistance price @ 1.31217. Now there is a good opportunity to go Bearish until price @ 1.29898
GBP/CHF 1D Chart: Heads towards 55-day SMA The British Pound is simultaneously fluctuating against the Swiss Franc in three different patterns. The largest ascending channel started to form a year ago and nowadays consists of three reaction highs and two reaction lows. The medium ascending channel represents a fragment of the dominant formation and is lying...
Hi traders, The GBPCHF on the 4H chart is showing a beautiful Head and Shoulders pattern whereas the neckline has been broken. Now we are at a strong flipzone area that needs to be broken next. Let's see if we are going to break it or bounce back into the neckline. As always, stay patient :)
ENTRY:1.29360// SL:1.30148// TP:1.28042
With the release of the Rightmove House Price Index this morning showing falling house prices in the UK we still have no reason to be bullish on the Pound. GBPCHF has been in a strong downtrend of late, indicated by the lower lows and lower highs on our chart. We are looking at a very simple swing trading opportunity here by selling at the Weekly Central Pivot...
Our preference: rebound towards 1.2402 before a resumption of the decline. Alternative scenario: in excess of 1.2402, the GBP / CHF could go on 1.2439 and 1.2462. Comment: The RSI is greater than 50. The MACD is greater than its signal line and positive. In addition, prices are below their moving average 50 (1.2357) but above their moving average 20 (1.2343