GBPCHF is bullish on the daily, and based on MACD pattern, an initial cross above or below zero line usually follow by a pullback. Hence this trade on a pullback to fill the Shaven Head Candle on the hourly chart. If you don't know by now, a Shaven Candlestick is basically similar to a GAP.
The market is currently ranging at a key level in the market. We appeared to have a break out on the 4h time frame but the following 4h candle was large bearish engulfing candle.
Will be looking for a break of resistance on lower time frames before considering shorts.
Targets will be towards the bottom of the range around 1.28
UK and EU might seem to find a common path after latest talks but Brexit is a fact now, and the Pound won't come out unscathed after 31st December. Even a deal takes place, the economy of UK will be harmed. GBPCHF is an example of how investors will probably be willing to move their funds to CHF after Brexit to seek for a safety shelter.
It's not a secret that...
GBPCHF on the 4 hour chart broke down from a key support area after the market retested the backside of the trend line in the sell zone, the market created a bearish crown above that support area, now the market broke below, breaking out of the crown formation, the market is a little bit low already so i'm going to wait for the market to pull back to the downtrend...
GC GBP/CHF is very overbought as you can see in my MACZ-Vwap, DeMarker, CCI, momo Stoch, momo squeeze and RSI-EMA etc. it's for the pair going back to it's original bands and stop stretching itself.
FX:GBPCHF
This pair has lost some momentum and started to consolidate here. I am looking for a break to the downside for a chance to short this pair. If price falls down below Tenken sen I will look for my entry. All confirmations remain bearish despite the loss of momentum so it will continue to be my bias until proven otherwise. If our bearish signs change to bullish, or...
Strong downtrend indicated from past analysis. major bullish price action have taken indicated by the EMA. Remember these are the 'past' prices, anyway first target is 1.2854 level if the down trend continues for a longer term i think it can touch the 1.278 level for sure. stoch and RSI confirming short overbought like crazy.
