GBPCHF WXY - ABC completedwe see a completed WXY pattern which cleared the previous highs. expecting some downside movement.
Gbpchfanalysis
GBP/CHF BUY ON 30MAnticipating shift in trend upwards as price action demonstrates a strong momentum swing up. Additionally, all requirements for a valid K2 Trading Strategy entry are present providing additional confirmation for my idea!
CHF to Weaken? - GBP/CHF Ichimoku Long TradeThis pair finally broke above a resistance level we've had our eye on in the membership.
Ideally we would get a drawback all the way back down to the top of that zone to act as support.
If it holds then we would look to get long which is how I drew it out on the chart.
While we could take a buy on a break up above our current candle wick high the risk to reward would be pretty low so I'll probably avoid taking that trade.
If we fail to get the drawback and support to hold, or if our bullish confirmations change, this setup may become invalidated.
GBPCHF SELLGBPCHF SELL awaiting price to again reach the purple box region, I will only enter this trade if we see rejection on the 4hr time frame for us to take this short.
Remember to take partial profits.
300 PIP GAIN RR
GBPCHF buy on H5Plan : resistance breakout --> wait for price to bounce off from horizontal support --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar etc --> BUY
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCHF trade idea on H4Plan : wait for price to bounce off from horizontal / trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing, pinbar etc --> SELL
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCHF - Short?Open position in the correction phase is always risky, but let see what happens next!
Cheers!
GBPCHF roadmap on dailyNote : last week daily closing price was formed a bearish pinbar, this pattern bounce off from our key resistance level. it's a good call guys ;) ... i'll give an update if the short signal is ready
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCHF - Long for last waveI think we're in 4th wave and anytime it could be ended and start going up to finish the wave 5.
Let see what happen ;)
Cheers
Sell opportunity for GBPCHFGBPCHF is heading to the downside. sell and take profit at the TP zone.
4HR time frame.
good luck!
GBPCHF trade idea on H2Note : we have clearly seen the price breakdown the support level and now that level has the potential to become a resistance level, the area is also supported by a bearish trendline structure that is still valid, this is called a confluent area
Plan : wait for prices to bounce off horizontal / trendline resistance --> wait for the rejection candle pattern to form e.g. bearish engulfing , pinbar etc --> SELL
**Disclaimer** 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.
Traders!! if you like my ideas and do take the same trade like i do, please write it in comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX
GBPCHF Bearish Head & Shoulders Breakout In The Sell ZoneGBPCHF on the 4 hour chart broke down from a key support area after the market retested the backside of the trend line in the sell zone, the market created a bearish crown above that support area, now the market broke below, breaking out of the crown formation, the market is a little bit low already so i'm going to wait for the market to pull back to the downtrend line which will then also align to the past support, and there im looking to short.
I hope this was helpful to you, if yes please hit the like.
Thank You
GBPCHF SHORT POSITION!Wait for the candle on the four hour chart to close below the support and wait for a retest as confirmation then go short
Take profit 1: 1.25600
Take profit 2: 1.24050
Stop loss: 1.28020
GBPCHF BUY TRADE @H4 CHARTFX:GBPCHF
Now this pair trading in a range between 1.26700 to 1.28500
We can expect the break out above the Moving average.
Buy stop may placed @ 1.28500 level
Potential Take profit will be 1.31000
Stop lose may placed below the 1.26600 level
Gbp/Chf (Rejections after Rejections after Rejections)I believe this will move up! I do not believe this is a long term buy! On the weekly chart the 5 Sma and 10 Sma has already crossed to the downside giving me a sell signal on this pair on the weekly chart! HOWEVER.... I Do Not Have A Entry To Sell Yet!!!!!!! Price can move up 100 to 200 pips or more before being a sell again!!!!
So My Plan is to wait!!!! If i see price moving up on hour 4 , I may try to scalp this pair for some pips up ... but overall im looking for a Sell Trade!!!!!!
You can see on the chart that price keeps rejecting over and over and over at the current price level... so expect a move up!!!!!
Do not enter buy right now! Just because im saying that this will go up does not mean I am saying "BUY NOW"
You must wait and enter with your system!!!! If you do not have a system , then you have a lot of work to do!!!!
I am at this current moment testing systems in a demo account and I always will!!!!
Is the Top In For GBP/CHF?PrimeXBT is here again with another professional analysis breakdown, and today we are taking a look at GBPCHF.
Last week’s bearish engulfing candle suggests we may have seen a significant-top on the GBP/CHF . Which is interesting, as is suggests that we’re headed towards a hard Brexit.
During an atmosphere of intense trade tension, Brexit, Presidential impeachment and slowing global growth, investors can’t be blamed for wanting a lifeboat. The Swiss Franc is usually it. Even with some of the lowest interest rates in the world, the currency has strengthened consistently against all of the currencies in Europe during difficult times.
With the election now out of the way, Sterling should continue to find dip buyers in the short-term, although the medium to long-term outlook for the British Pound remains cloudy. Still, GBPCHF's success to hold above the trendline is worth noting.
In the near term, the Relative Strength Index on the GBPCHF chart is flashing signs of bullish divergence, and some growth is expected from the support zone or 0.5 Fibonacci level with the target of 0.236 level or its ex-support zone.
If the price breaks this subjective key resistance level, a continuation of the uptrend will be confirmed and we’ll have to search for new buying opportunities based on the same level.
Alternatively, in case it breaks below a key support level, the downtrend will be confirmed.
Key Support Level: 1.2677
Key Resistance Level: 1.2929
Share your thoughts about this trade idea in the comments section below, and remember to stay tuned for future technical analysis, news, updates, and more from PrimeXBT.
GBPCHF - SELL 4 HOURANALYSIS-
1. STRONG RESISTANCE ZONE ON 4HOUR TIMEFRAME
2. BEARISH PINBAR FORMED AT RESISTANCE
3. DOWNWARDS MOMENTUM
GBPCHF (AWAITING BREAK OF RESISTANCE LINE!)IF IT BREAKS THE RESISTANCE LINE AND RETRACES THERE WILL BE A LONG CALL. IF IT DOESN'T IT WILL CONTINUE WITH ITS DOWNTREND ALL THE WAY TO THE SUPPORT ZONE.
