GBPCHF long trade ideaPlan : trendline breakout --> wait for price to bounce off from support level --> 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.
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GWBFX
Gbpchflong
GBPCHF to reverse from downside confirmation, potential drop!
GBPCHF to reverse from its downside confirmation at 1.20696 where it could potentially drop further to 1.16860.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
GBPCHF Set To Resumes Long-term AdvanceGBPCHF has just completed a 5-3 "impulse-correction" wave cycle.
According to the Elliot Wave principle, once a 5-3 wave cycle is completed the primary trend resumes.
In GBPCHF's case, the primary trend is bullish and target above wave A high is plausible.
The breach of the blue line will confirm the correction has bottomed.
What's your thought on GBPCHF?
GBPCHF LONG TO RESISTANCE FOLLOWED BY CONTINUATION OR REVERSALComparing Weak Vs Strong currencies this past week (end 2/14), GBP shored strength whereas CHF relatively weak of the two currencies-- meaning a BUY bias for the pair.
Daily chart analysis has the pair price approaching significant Resistance.
A good technical approach on this pair provides awesome Long opportunity to Resistance with potential continuation to upside or counter-trend to downside targets depending on price action and/or currency strengths.
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GBPCHF potential bounce!
GBPCHF expected to reverse up to 1st support at 1.27094 where it could potentially react and bounce to its resistance at 1st resistance at 1.27578.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
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 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 - FOREX - 03. FEB. 2020Welcome to our weekly trade setup ( GBPCHF )!
-
1 HOUR
Very bearish market open today
4 HOUR
Prices dropped towards our support zone and price turn area
DAILY
Overall bullish market and pressure with a big pullback to the downside
and great long entries now!
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FOREX SETUP
BUY GBPCHF
ENTRY LEVEL @ 1.26310
SL @ 1.25770
TP @ 1.27390
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN