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Gbpchfanalysis

My wife says im a PIG...She needs to stop looking in the mirror ;p Take note of this key resistance turned support zone that price is currently at as I wont spoon feed you forever! So we are expecting bullish movement from this area. This is a good area and is obviously where big banks have set orders previously, so start thinking like a big investor and start making money instead of working a dead end job to earn money just to waste it in forex because you think you are better than the markets and are looking to get rich quickly. Our own personal strategy allows us to catch a few pips on the bounce of these zones and also catch the big move if it happens, if you would like to learn more about our strategy then give us a message.
Long
by ApexFX_Pro
1
GBPCHF - 150 PIPS + OPPORTUNITYDo not open any trades yet, wait for second high test. I personally have already opened a trade when it did it's high test before the last candle drop. Will keep it open or close it as the market gives more data as to which direction it wants to take. GBPCHF has broken under the 4H 50 EMA and is failing to recover back on top. Following the drop, prices did a high test (weren't able to push for a move higher up). Thus, confirming it can't move back up. We can expect a drop of 150 pips + after another high test happens shortly (Green candle with tick only on top of body and preferably no tick under the body) on the 4H chart. Trade safe.
Short
by MoolahMaker
GBPCHF Short OpportunityGBPCHF 4H & 1H time frame has a good amount of confluences between indicators and price, showing bearish divergence. We are at a pretty nice area of interest where previous price action has bounced off this resistance level of 1.31000 - 1.31700. 1.31000 - 1.31500 price level is an ideal area to short this pair to previous resistance turned support, which is around 1.28250. Be on the look out for a rejection or a reversal candle preferably on the 4H chart around these area for one last confirmation to enter this trade as I believe we may still be on the 5th wave of the Elliot wave theory. Confluences: MACD, RSI & Stochastic are all showing bearish divergence on 1H & 4h TF with Daily TF currently overbought on Stoch & RSI and possible double top or double top incoming.
Short
by TkCha
1
GBP CHF Analysis: Market Outlook For the Week of Jan. 27,2019The Daily timeframe chart is examined in today’s GBPCHF analysis. Over 3 years of price action shows the Great British Pounds selling off against the Swiss Franc from November 2015 to October 4, 2016. Overall trend since October 4, 2016 to current date is identified in this analysis as a side trend with support present between 1.22592 and 1.21207. Immediate resistance marked using the blue dotted line has currently being broken to the upside which implies further bullish momentum. Bearish trendline from November 2015 is also employed as overhead resistance or supply, and therefore a likely target for the bullish price swing from January 10, 2019. Further assessment is required once and if price reaches resistance at 1.33265 which intersects the long term bearish trendline since November 2015.
by Coin_Analyst
GBPCHF analysis: Market outlook for the rest of 2018The Daily timeframe is examined in today’s GBPCHF analysis. Coverage of price action is from October 6, 2016 to current date. Over a year and 7 months of price action in the GBPCHF remained within the bullish channel shown on the chart before the GBPCHF attempted a breakout upwards outside of the channel on April 11, 2018. The failed breakout saw retracement of the GBPCHF back into the bullish followed by a breakout of the channel downwards on August 10, 2018. A bearish channel (tentative) is also drawn on the chart and is used to describe current market action from April 25, 2018 to Friday close (December 21, 2018). Any short (sell) position would have to wait till at least price reaches within and/or successfully tests the upper limit of the current bearish channel. 1.32960 and 1.31517 is expected to provide resistance on a breakout above the upper limit of the bearish channel. Any possible long (buy) position(s) alternatively is/are better initiated when the bottom of the channel is successfully tested and confirmed by momentum.
by Coin_Analyst