GBPCHF Will Grow! Buy!
Here is our detailed technical review for GBPCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.116.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.122 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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GBPCHF
GBP/CHF My Opinion! BUY!
My dear followers ,
I analysed this chart on GBP/CHF, and concluded the following:
The asset is approaching an important pivot point 1.11751
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.12222
My Stop Loss - 1.11481
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBPCHF - Long active ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: As I expected in my previous analysis price retraced, filled the imbalance and then rejected from bullish order block. Now I expect bullish price action and price to form a new higher high.
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gbpchf h4 risk/reward shifting in bulls favor buy low🔸Hello traders, let's review the 4 hour chart for GBPCHF today. Ongoing accumulation
in progress right now, currently trading near range lows at 1175. Expecting more weakness
short-term before reversal off the premium prices below current market price.
🔸Trading inside active range since November 2022, range lows set at 1080 range highs at 1330.
premium prices overhead at 1425 and 1485, below at 1035 and 0965.
🔸Recommended strategy for GBPCHF bulls. wait for correction/pullback to complete near 1040 and
get ready to buy low using SL 60 pips TP1 +120 pips TP2 +240 pips, excellent risk/reward on buy side.
this is a swing trade setup so will take more time to hit targets. do your own due dill. good luck!
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GBPCHF H4 | Potential bounce off support?Based on the H4 chart analysis, we can see that, Price is currently at our buy entry at 1.1150 which is an overlap support. Our take profit will be at 1.1195. Stop loss will be at 1.1096 which is a swing low support level.
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gbpchf long setupgbpchf have a nice support zone near and it looks like there is a good chance to have a good long position. I think the demand zone up ahead which I mark as target is used and cannot suppress the price.
⚠️ Notice:
I will enter one third of my position when price touch the box and the rest of it in the middle of the box. My TP would be R/R=3 and 5.
Please trade with your own money management methodology and be aware that trading has its own risks and rewards.
Good luck ❤️
GBPCHF to the moon? Highy probableAfter price tapped into higher timeframe POI, it gave us a shift of market structure on the inner trend which could be the beginning of its expansion to the upside. Price preceded to break further structure and has now retraced back to fill in the fvg formed during its move. It has now formed liquidity above our POI that it could use to fuel its expansion to the upside
GBPCHF Potential DownsidesHey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.127 zone, GBPCHF is trading in a downtrend and currently seems to be in a correction phase in which it is approaching the major trend at 1.127 support and resistance zone. We would consider some potential CHF longs as it's considered a safe haven currency.
Trade safe, Joe.
GBPCHF looking good for buyers!!!!Price has been nicely printing higher highs and higher lows breaking structure to the upside. Now we are having a retracement to the downside mitigating our demand zone, therefore we will be expecting a reversal to the upside.
*Awaiting Buying confirmations
All the best!!!
GBPCHF - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: After the change of character here, we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs from discount zone. I expect price to continue the retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: Tomorrow we have news on GBP, will be released monthly GDP. Pay attention to the result in order to validate the analysis.
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GBPCHF meeting strong Resistance at 1.18Currently short
Strategy Leg Trade
GBPCHF making currently LH LL
POC is heavy resistance
The VP of today(10May2023) is D-Shape leaning bearish
IF BREAKING 1,08756 it can go to 1,05945
There may retrace
If Breaking throuh ,then it can Fall to 1,01875
Low Volume are:
Big Probabilitiy that we will have Big retracement there
as Buyers on Sept. 26,2022 PUSHED the market higher,
Agressive Buyers will defend this zone whatever it takes
If breaking above 1,18,then it can go to 1,29
For Counter Trades
1,00-1,03 Buy Possibility wit a taret to 1,15
1,29 Sell Possibility Target 1,18-1,20
Use always stops.
GBPCHF Next MovePair : GBPCHF ( British Pound / Swiss France )
Description :
Bullish Channel as an Corrective Pattern in Long Time Frame and Rejection from Lower Trend Line
Break of Structure
Divergence
Completed " ABC " Corrective Wave
Symmetrical Triangle in STF need to wait until its Breaks UTL or LTL
Impulse Correction
GBPCHF Will Go Up From Support! Long!
Take a look at our analysis for GBPCHF.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a significant support area 1.124.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 1.132 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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GBPCHF - Looking For Sell Setups ⬇️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPCHF is stuck inside a range in the shape of a symmetrical triangle so we have been trading the range as per my last three analysis (attached on the chart)
After rejecting the lower bound / orange trendline, GBPCHF is now approaching the upper orange trendline.
Now GBPCHF is approaching the upper trendline, so we will be looking for sell setups.
Moreover, the blue zone is a strong resistance.
🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper orange trendline. (acting as non-horizontal resistance)
As per my trading style:
As GBPCHF is sitting around the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich