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Gbpchfanalysis

GBPCHF AnalysisDear Traders, Though there is increased volatility due to the election news in Britain, it looks interesting that the market is currently retracing from the resistance, you may consider looking into it; I am not saying that traders should trade this pair at this time, but sharing this to let other traders know that the market is currently following the structure flow and you may get interested on engaging it, but trading it is your own decision at the end of the day. I am sticking on my own strategy and will get into this pair with the lowest risk, just to make sure I never miss the opportunity to get something from this pair if it sticks on the structure. Anyways, good luck guys. GBPCHF Sell at 1.30000 Stop Loss at 1.38000 Take profit at 11.28930 Good luck!
Short
by sirkamal
GBPCHF Could ShortHey Traders, GBPCHF has been uptrend run for the past 5 months, this could be ending as the market made double tops; I also have to admit it is a bit riskier to shorten this pair based on its trend and how it was moving around; It is advisable to try this setup with lesser risky of your account to avoid being stopped by the market; I also put very tight stop loss to make sure losing fewer funds if the market reacts to move against our setups. GBPCHF Sell at 1.30110 Target Profit at 1.29370 Stop Loss at 1.3050 Reminder: This setup is valid only when the market opens next week without a gap above or below our structure setup. Good luck and nice weekend
Short
by sirkamal
GBPCHF is set for a drop.Hi traders, I hope you're well. As you must have witnessed recent rally on all GBP related pairs purely due to election sentiments. As things stands we can see the Tories are set for a majority but it is not easy as it seems and neither a plain sailing. We should see labour closing gaps and few other hiccups in coming days prior election and probably a hung parliament. Tories majority is almost priced in and hence any negative sentiment will cause significant drops in price. UK politics is well known for it's drama and chaos thanks to lates brexit limbo. I'm anticipating more drama's in coming days and the market bias should change accordingly. (In Theory) But I will surely not place trade based on theory and assumptions. So, here we have a nice reversing candle printed on the 4h candle also on the D chart which engulfs the previous and we are also in a major level where historically price reacts. All these suggest a reversal from this point and if you put those theories alongside the technical indicators it adds up perfectly for this trade. I have gone short on this for now and marked tp and sl for you as well. Let me know your thoughts. Trade safe and good luck.
Short
by BannaKhan
2
GBPCHF Analysis: Price may fall towards the trendlinePrice has already broken the structure from the lower side on hourly time frame and is retesting the breakout. Price has previously respected a trendline a number of times. It may fall as a result of the breakout as well as it to test the trendline for another time. This setup will only be valid if the price does not manage to break back into the structure and retests the breakout successfully. I would appreciate your views on the pair. If you like the analysis hit the like to show support.
Short
by John_Mwaniki
1
FOLLOW ME: GBP/CHF SHORT OpportunityGBP/CHF is currently at the top of a bullish channel and it appears that it's time to short (at least in the short-term) or at the very least it's time to exit longs and wait for re-entry. Check out my other GBP posts that should be up within the next few minutes. They are showing the same thing! COLOR KEY (which time frame each markup is based on): RED - Monthly ORANGE - Weeky GREEN - Daily AQUA BLUE - 4H PINK - 1H LIGHT BLUE - 15M PURPLE - 5M Feel free to leave your thoughts in the comments below! Make sure to BE RESPECTFUL OF ALL COMMENTS so that we can utilize this platform to help each other and to build each other up! After all, we're all here looking to build our wealth so let's do that with a unified spirit. :)
Short
by Jabest
1