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Gbpchfanalysis

GBPCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of GBPCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 43 - 19 Oct M > Price dropped till monthly support level that has pushed market to the upside in past. W > Price moved up to test the neck of M and complete the formation. D > We saw an M formation in Daily Chart providing us next bullish target but for more than 2 weeks price is not able to break daily resistance. This resistance was created by demand zone 2 during last bullish impulse, price is now stuck at demand zone 1 created during same bullish impulse. As per COT GBP saw closure of both Long and Short positions improving net positions but still in -ve, whereas N-R could not gauge the same path and they went opposite with addition of both Long and Short. Commercials closed both Long and Short positions, Short for them reducing further to least for current year. BXY had further improved its position during the said week but it weakened last week. CHF saw closure of few Long and addition of Short positions, reducing net positions whereas N-R saw addition of both Long and Short positions increasing cumulative net positions. SXY further improved its position during the said week. However SXY weakened last week. 4H > We expect this consolidation to continue for a while in current range of about 100 pips or price can drop down to test last HL. Pair Correlation: GBPCHF has positive correlation with GBPUSD, GBPJPY and GBPCAD and negative correlation with EURGBP. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section share your view or ask questions. Thank You AP17FX
Short
by AP17FX
Daily Update- Sell -GBP/CHF-- W1Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
Long
by morshedul-munna
GBPCHF, 4hr tf, further upside movement to materializedHello my friends, Another setup is GBPCHF pairs. I saw a potential for further upside as price just broken above the descending trendline. It is now retesting the trend line and EMA-200 also at the retested area. We could say that this is an area of confluences. All the confirmations needed are also fulfilled so i am taking a buy position on this pair as well. Buy GBPCHF 1.1860 Stop loss 1.1810 Take profit 1 @1.1910 Take profit 2 @1.1960 Take profit 3 @1.2010 RR ratio is 1 : 3 Use only 1-2% risk Good luck
Long
by HayatoDragonFX
GBPCHF Top-Down AnalysisHello Traders, Here is the Top-Down Analysis of GBPCHF (Monthly, Weekly, Daily for direction and 4H for entry) for Week 41 - 05 Oct M > Price dropped till monthly support level that has pushed market to the upside in past. W > Price moved up to test the neck and complete M formation. D > We can see an M formation in Daily Chart providing next target. As per COT GBP saw closure of Long and addition of major short positions bringing net position to -ve, whereas N-R saw closure of both Long and Short, Commercials saw addition of Long and closure of Short. BXY was weak for the said week but it improved its position last week. CHF saw closure of Long and addition of few Short positions reducing net positions. SXY was very weak for the said week. SXY was strong last week. 4H > While moving up price broke neck and moved ahead but price pulled back to complete recently created W formation and is now moving upwards to our next target. Pair Correlation: GBPCHF has positive correlation with GBPUSD, GBPJPY, GBPCAD, GBPAUD and GBPNZD and negative correlation with EURGBP. This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions. Thank You AP17FX
Long
by AP17FX
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