GBPCHF W2 Feb 2021GBPCHF
Long Setup
📣 Last week, GBPCHF has broken out of this 180 days flag consolidation, it is currently trending above the Daily 200ema too.
💭This consolidation consists of a complex 3-5-3 pattern, and it marks the end of a potential Wave-B or Wave-2. Possible targets have been marked for Wave-C, if it's forming a Wave-3, target could be higher.
Gbpchflong
GBP/CHF Retreating To SupportGBP has been correcting over the past few days against most, if not all pairs. This recently had a breakout above a big resistance level so the retrace was expected and should go back to this previous resistance which will now act as support. Anywhere from 0.382 and 0.5 Fibonacci will be a good longing position. We need to see the price start to turn first and the MACD and EMA's confirm this is turning higher before entering a position.
Target is 1.25320 although there could be some resistance at 1.24742
GBP/CHF New Analysis And 2 Setups Avialbe This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
GBPCHF - key levelpreconditions:
- big accumulations
- global trend up
- local trend up
- pressure level
You will learn the best place where we can trade this instrument at low risk.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
GBPCHF LongAfter breaking of the resistance ,price has retraced back to 0.5 of the fib , so now the resistance has turned into support so now we will be taking long position , with medium risk to reward ratio.
Also backing up this idea is CHF being weak where as GBP being very strong in this week.
Follow me for more ideas, thanks.
GBP/CHF BreakoutAs previously reported on GBP/CHF this is breaking above the resistance. If this closes above resistance then look for a retrace to support before entering a long. TP is 1.25320 which is the next resistance level. Use 4HR and 1HR timeframes and MACD and EMA to help time the entry. I will make another idea with shorter timeframes if this starts to retrace to support.
GBPCHF - Ascending triangleGBPCHF has formed ascending triangle and it started to test important psychological level and resistance at 1.22. We have seen that GBP has been very strong recently mainly because it was undervalued before the Brexit deal was agreed. A break of resistance would signal further move north.
Price levels above 1.25 are expected later this year.
GBPCHFANALYST: AMUN SULED ➖ COMPANY: OCSI CAPITAL MANAGMENT ➖TRADE NUMBER : 3
* ORDER FLOW: bullish
* DAY OF THE WEEK:Friday
* PROJECTED TP : 1.22314
* PROJECTED SL: 1.20387
whats up master traders! welcome to another trade idea with Genius Chart. If you like what you see and it helps you ,please support our work by writing a comment and SMASHING that like button! 👍🏾 its us against the markets❗️
Our mission is to provide the tools and knowledge to people across the world and help them tap into uncharted potentials and obtain unimaginable financial freedom. if you hang around this profile long enough you will start to visually learn valuable lessons that will help you put your puzzle together as we are all on our own journey.
Why should you follow our profile on Trading View❓
➖you will get ➖
🥇Clean charts
🥈Consistent chart updates with our highest probability set ups
🥉 Analysis on a wide range of major markets
----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
♟Legal Risk Disclosure
Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
GBPCHF ( ATTENTION EVERONE)GBPCHF is moving while respecting Trend channel (Bearish channel) and I am saying that GBPCHF will buy after a break of trendline resistance, Remember that price has already tested the stong level of support from here it can buy and break the bearish channel easily , So the way in which we will be approaching this is always being reactive and not predictive