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Gbpchfanalysis

GBPCHF – attempting a bearish breakout – the week of 13 Mar 2023Since Nov 2022, this pair has been attempting a resumption of the prior bearish trend although progress has been very slow and difficult. Price has been ranging between a trendline at the top and the horizontal s/r area at 1.070. However, PA within this triangle formation has been quite clean and the pair has consistently made lower highs. I am not convinced that a breakout is imminent, it is likely that the bulls have not given up entirely. Price may continue its movement within the triangle but I expect the 50 ema to start containing price below it during the coming week and eventually break down below the support area. I will be monitoring PA on a lower timeframe during the week to find more evidence of bearish continuation. Entry short can be at breakout or upon a retest after the breakout occurs. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
4
Buying $GBPCHF hereTrade type AAA Reasons for taking this trade: Trade hit weekly demand and created the first OB that mitigated the first supply zone After hitting weekly demand it created an OB and since liquidity lies below OBs and the price had nit hit daily OB it had to retrace back and clear liquidity below OB. Then the trade retraced to and near first supply zone in which after that it created equal highs and lows which were cleared using the exgf move After clearing equal highs and lows the pair went down to create TWO OBS - one with a Higher high and this where we got our entry, Target is the daily demand. Trade type glossary: Trade type AAA - Very good Trade type BBB - Good Trade type CCC -🧐 I usually use trade types to determine the amount of risk to use: In AAA - 1, 1.5 and 2% In BBB - 0.5% IN CCC - 0.25%
Long
by Sherman_Trades
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 1.1537. Also, according to the GBPCHF STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 1.1153 to the SUPPORT LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Pay attention to the CURRENT MARKET SENTIMENT..
by benny_marshall
GBPCHFWe are in a side range higher than the fractal, the best strategy is fluctuations between the floor and the ceiling. Currently, we are witnessing an upward movement in the encounter with the bottom and the support zone and a positive divergence. We are between the static support area of 1.12118 and the resistance of 100 Fibo projection with the area of 1.12534 pivot point. It is expected that after the breaking of the super-growth range up to the ranges of 1.12962 and 1.13549, there is no need to touch both targets, and also the areas between the targets can play the role of resistance or the reason for There are corrections.
by maryammh
GBPCHF is exactly moving according my analysis GBPCHF is exactly moving according my previous analysis and nicely given us almost 180 pips ( tagged ). Now here we have two scenarios Market is at strong middle resistance structure if market close above and hold it as a support then buy with small SL and target is upper resistance structure mentioned on chart. If market hold the middle resistance structure and reject from the area then sell target is last lower area. Always trade safe and must use stop loss. If you like this idea kindly appreciate with like button.
Long
by pips-makers
GBPCHF : Current Situation & Technical , Fundamental ViewGBPCHF - - 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 1.1537. Also, according to the GBPCHF STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 1.1159 to the SUPPORT LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Pay attention to the CURRENT MARKET SENTIMENT..
by benny_marshall
1
GBPCHF Trading Plan - 7/Feb/2023Hello Traders, Hope you all are doing good!! I expect GBPCHF to go Up after finishing the current wave. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper