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...
Weekly timeframe Price has massive rejection with wick on top so we could see price retrace to 31.8% fib as it broke the structure H4 Timeframe Price has broken the wedge to the downside and now the price has retraced to the 61.8% fib level and we see weakness on momentum to upside, so price is forming downward trend so we shall see a continuation to fill...
GBPCHF is in continuous upward momentum. A bullish continuation flag pattern has formed. A breakout of the high gives a good buy opportunity for good gains.
Stable uptrend continuation trade. 1. Price above 200 MA 2. Price above 2 MA's 3. Stable and healthy uptrend with bullish momentum candles 4. Currency Strenght Meter confirmation 5. Trend Following Indicator confirmation 6. 4 different Stop Loss levels not to get stopped out 7. Different R:R Ratios (Minimum 1,5:1) 8. 2% Risk, 4 x 0,5% 9. Targeting Weekly High 10....
The price is rising toward a resistance level, which is an overlap resistance that aligns with the 50% Fibonacci retracement; it could reverse from this level to our take profit. Entry: 1.13236 Why we like it: There is an overlap resistance level which aligns with the 50% Fibonacci retracement. Stop loss: 1.14028 Why we like it: There is a pullback resistance...
GBP/CHF is falling towards the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit. Entry: 1.13646 Why we like it: There is a pullback support level which aligns with the 23.6% Fibonacci retracement. Stop loss: 1.12950 Why we like it: There is a support level which aligns...
GBP/CHF Entry :1.13247 SL: 1.1354 TP1: 1.1290 TP2: 1.1260 We are looking for a sell entry. We have to wait for a resistenc around 1.1324. If we have a brake and retest at this resistance level or a strong rejection of the price combined with a candlestick confirmation, we can place the entry.
Hello,Friends! GBP/CHF pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.131 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
This my Setup for GBPCHF. Although i became a bit late to post it. There are few things that shows the market to go upside now. Onething Overall Market is Bullish, Second thing Market has sweeped liquidity and mitigated a previous unmitigated OF on daily. Market has mitigated the OB on 1 hour, so nothing remain on downside for the market to move down, so i expect...
My dear friends, Please, find my technical outlook for GBPCHF below: The instrument tests an important psychological level 1.1365 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.1307 About Used Indicators: Super-trend indicator...
Hello,Friends! We are going long on the GBP/CHF with the target of 1.145 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Could this be a possible BUY for GBPCHF? The market is currently reacting to a major structure. 4HR TF is showing some sort of bullish sentiment coming in. Let's see how this will play out
- Bullish Pattern - No Divergence - Jumped back up from Support S1
This is my Setup for GBPCHF. If we look at market on 4 Hour time-frame, it has given a CHoCH and for this reason i am posting this setup to go Short. But traders has to be carefull and wait for LTF confirmation, possibly CHoCH on 1 hour after mitigating our POI. Because can not ignore the behavior of market on Daily time-frame where it has sweeped the liquidity...
Analysis Week - 22 Apr 2024 Daily - Range Cloud (D) - Above Cloud Weekly - Range / Bullish Cloud (W) - Above Cloud Mid Term - Bullish 20 x 50 D SMA - Above 50 x 200 D SMA - Above
EUR/GBP Long Minimum entry requirements: • If 2 touch 1H continuation, 15 min risk entry within it, or reduced risk entry on the break of it. AUD/NZD Short Minimum entry requirements: • Tap into area of value. • 1H impulse down below area of interest. • If 2 touch 5 min continuation, reduced risk entry on the break of it. • If 2 touch 15 min continuation,...
Hello traders, GBP/CHF is approaching a multi-week resistance zone from where price could potentially fall 200+ pips. This zone has has worked as a strong resistance in the past, and if there is bearish price action in this zone, traders can consider selling GBPCHF@1.1480-1.1525 with Stop Loss above the 1.1550 level and TP at 1.13
Price had move upwards to a very strong resistance level and hence from this area i expect price to continues to move downside.