GBPCHF - Intraday - We look to Buy at 1.1380 (stop at 1.1320)
Selling pressure from 1.1535 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 1.1550 and...
GBPCHF - Intraday - We look to Sell at 1.1305 (stop at 1.1330)
Preferred trade is to sell into rallies. Previous resistance located at 1.1300. There is ample scope for a move lower from this important resistance. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 1.1203 and 1.1171
Resistance: 1.1300 /...
GBPCHF - Intraday - We look to Sell at 1.1371 (stop at 1.1406)
The medium term bias remains bearish. 50 4hour EMA is at 1.1373. Prices expected to stall near trend line resistance. Expect trading to remain mixed and volatile.
Our profit targets will be 1.1269 and 1.1210
Resistance: 1.1370 / 1.1427 / 1.1527
Support: 1.1358 / 1.1285 / 1.1200
Risk...
GBPCHF - Intraday - We look to Sell at 1.1379 (stop at 1.1405)
The medium term bias remains bearish. Negative overnight flows lead to an expectation of a weaker open this morning. We have a 38.2% Fibonacci pullback level of 1.1382 from 1.1508 to 1.1305. Bespoke resistance is located at 1.1379.
Our profit targets will be 1.1305 and 1.1258
Resistance: ...
GBPCHF - Intraday - We look to Sell at 1.1550 (stop at 1.1585)
We look to sell rallies. Our outlook is bearish. 21 1day EMA is at 1.1544. Expect trading to remain mixed and volatile.
Our profit targets will be 1.1448 and 1.1410
Resistance: 1.1550 / 1.1580 / 1.1990
Support: 1.1400 / 1.1300 / 1.1200
Risk Disclaimer
The trade ideas beyond this page are...
Trade Idea: Buying GBPCHF
Reasoning: Large shooting star candle on the daily chart , price action rolling over to the downside on the 60min chart
Entry Level: 1.1557
Take Profit Level: 1.1746
Stop Loss: 1.1523
Risk/Reward: 5.45:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. ...
Trade Idea: Selling a retest of the broken range
Reasoning: CFTC data recorded a renewed net advance in short non-commercial Sterling positions
Entry Level: 1.2076
Take Profit Level: 1.1705
Stop Loss: 1.2126
Risk/Reward: 7.5:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is...
Trade Idea: Selling a retest of the broken range
Reasoning: Break down on yesterdays PMI number. Lower prices expected.
Entry Level: 1.2064
Take Profit Level: 1.1708
Stop Loss: 1.2125
Risk/Reward: 5.93:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of...
Trade Idea: Selling a retest of the broken range
Reasoning: Break down on yesterdays PMI number. Lower prices expected.
Entry Level: 1.2072
Take Profit Level: 1.1707
Stop Loss: 1.2118
Risk/Reward: 7.89:1
Disclaimer – Signal Centre . Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of...
Trade Idea: Range play on GBPCHF
Reasoning: Nice looking range setup. Targeting a move to the upper end.
Entry Level: 1.2130
Take Profit Level: 1.2422
Stop Loss: 1.2067
Risk/Reward: 4.69:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved...
Trade Idea: Range play on GBPCHF
Reasoning : Nice looking range setup. Targeting a move to the lower end.
Entry Level: 1.2375
Take Profit Level: 1.2112
Stop Loss: 1.2424
Risk/Reward: 5.24:1
Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved...
Trade Idea
Broken out of the channel formation to the upside.
Bespoke resistance is located at 1.2532.
There is scope for mild buying at the open but gains should be limited.
A higher correction is expected.
Although we remain bearish overall, a correction is possible without impacting the trend lower.
Preferred trade is to sell into rallies.
We look to Sell...
