GBPCHF
GBP/CHF SELLERS WILL DOMINATE THE MARKET|SHORT
Hello,Friends!
It makes sense for us to go short on GBP/CHF right now from the resistance line above with the target of 1.106 because of the confluence of the two strong factors which are the general downtrend on the previous 1W candle and the overbought situation on the lower TF determined by it’s proximity to the upper BB band.
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GBPCHF Will Go Higher From Support! Buy!
Here is our detailed technical review for GBPCHF.
Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.111.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.118 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 - Bears Took Over, Now What For The Bulls!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
GBPCHF has been stuck inside a range in the shape of a symmetrical triangle.
As per my last analysis (attached on the chart), GBPCHF was around the upper orange trendline so we were looking for sell setups.
Now GBPCHF is approaching the lower trendline, so we will be looking for buy setups.
Moreover, the lower orange trendline is a support zone.
🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of a support / lower orange trendline.
As per my trading style:
As GBPCHF is sitting around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom 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
GBP/CHF Will Explode! BUY!
My dear subscribers ,
This is my opinion on the GBP/CHF next move:
The price is coiling around a solid key level - 1.10975
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Goal - 1.11829
Recommended Stop Loss - 1.10494
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
GBPCHF: Bullish Forecast & Outlook
It is essential that we apply multitimeframe technical analysis and there is no better example of why that is the case than the current GBPCHF chart which, if analyzed properly, clearly points in the upward direction.
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GBP-CHF Will Make A Rebound! Buy!
Hello,Traders!
GBP-CHF went down to
Retest the support level
Of 1.1077 and while I am
Somewhat bearish biased
On the pair I think that
We will see a bullish rebound
Towards the 1.11 area above
Buy!
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Check out other forecasts below too!
GBP/CHF BEST PLACE TO BUY FROM|LONG
Hello,Friends!
Previous week’s red candle means that for us the GBP/CHF pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 1.120.
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GBP/CHF The Target Is DOWN! SELL!
My dear friends ,
My technical analysis for GBP/CHF is below:
The price is coiling around a solid key level - 1.11184
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 1.10223
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPCHF: Will Keep Falling! The Next Target is: 1.10067
Balance of buyers and sellers on the GBPCHF pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the sellers, therefore is it only natural that we go short on the pair.
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GBPCHF Potential DownsidesHey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.11700 zone, GBPCHF is trading in an uptrend and now seems to be attempting to break it out with current market classic safe haven strength. If we get dips below 1.11 i would watch a potential retrace of the trend from the 1.117 supply area.
Trade safe, Joe.
GBPCHF : Short Trade , 1hHello traders, we want to check the GBPCHF chart on the 1-hour time frame. The price is moving in a descending channel and after breaking the support level between 1.12000 and 1.12200, it has pulled back. We expect this level to turn from a support level to a resistance level and maintain the downward trend of the price and cause the price to fall until the specified targets. Good luck.
GBPCHF sell Entry : 1.12065
Stop : 1.12630 , Target1 : 1.11500 , Target2 : 1.10920
Risk/Reward Ratio : 2
GBPCHF - Video Top-Down Analysis! UpdateHello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
Here is a detailed update top-down analysis for GBPCHF .
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
GBPCHF : Current Situation & Technical , Fundamental View- VIX is slightly UP, so CHF has become somewhat STRONG with the SNB RATE HIKE. Due to this STOCKS and XXXCHF CURRENCY were slightly SELL. GBPCHF was also SELL because of that. Currently there is a RISK OFF BIAS. Therefore, GBPCHF may sell slightly in the future.
- Currently GBPCHF LONG TERM can move up to the LEVEL 1.1700. Also, according to the GBPCHF STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 1.1171 to the SUPPORT LEVEL.
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Pay attention to the CURRENT MARKET SENTIMENT..
Potential GBPCHF LASER ENTRY (1:10 RR)Hang on to your hats boys and girls, GBPCHF is giving us a potential shorting opportunity here based on the current price action I see.
But also take into account that 95% of traders are LOSING!
This is why it is imperative to manage risk first and remove all thoughts of trying to make profits.
Believe it or not, TRYING to make profits in the markets tend to result in the opposite.
Instead focusing on improving your trading process and being calm in the face of the unknown.
Remove as much of the unknown factors as you can.
I am training my mind to focus on the known outcomes that I create and can control, specifically RISK.
If I know that I can only lose 0.5% on the setup, it removes a degree of fear from the equation.
What are you doing to increase your mental fortitude on the charts?