Get started

Gbpchfshort

GBPCHF reached the upper of channelHello everyone Before we start a discussion, it is my pleasure to read your opinion on this post's comment section and support this idea with your likes if you enjoyed it ! GBPCHF : the price reached the upper line of the parallel channel and a bearish movement is possible. Failure analysis condition: Although the price reached the upper line of the channel, the bullish wave toward upper line was very strong. So, if the price breaks up the channel, this analysis will fail. So, you can place your stop loss upper the channel.
Short
by niktraders
GBP/CHF: Is that just a False Breakout?Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the asset , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies. Weekly timeframe: Daily timeframe: 4 hours timeframe: Overall the market has been trending to the downside for a while and a bullish new impulse pushed the price up till an interesting key level. The price closed few candles above the resistance level but it quickly retraced back, clue of sellers foot print around the level 1.26000 Still in bearish territory, the probability of a retracement to the downside is quite high! When, where and why would I step into the market? Looking at the intraday perspective, we can see the price still above a dynamic trendline and I will not plan any short position till the breakout of that line. A breakout and some consolidation below the trendline would be an interesting confirmation to go short on this market, so at the moment I’ve just placed an alert around the level 1.24000 A clearly breakout to the upside would invalidate this trade idea and no action will be taken on this market! If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
Short
by UnknownUnicorn18552923
26
GBP/CHF: More Downward Movement?Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the GBP/CHF , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies. Daily timeframe: 4 hours timeframe: 1 hour timeframe: The market is still trending to the downside, currently on a corrective move, it has just reached its previous key level (support turned now into a resistance level), just around the 0.50/0.61% of Fibonacci retracement, usually an area where the price start consolidating before a follow market movement. The market is losing momentum as well, considering that it is not moving with the same strength anymore! Currently still inside an ascending channel, the most trading activity is now on the lower part of the channel, another possible clue that the intraday bullish impulse is close to the end. When, where and why would I step into the market? Before planning my short trade on this market I will be waiting for the price to leave the ascending channel, showing a proper reverse price action with a RRR of 1:2 or greater. The SL would be above the channel and the local resistance zone, instead the first TP on the demand area (and eventually I will leave the position open in the scenario of breakout to the downside.) A breakout to the upside, above the resistance level would probably invalidate this trade idea! If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
Short
by UnknownUnicorn18552923
16
GBPCHFThe British pound has shot straight up in the air against the Swiss franc during trading on Thursday, but it is worth noting that he gave back about half the gains. Because of this, it will be interesting to see if Sterling can keep its strength, considering that it peeled away from the 50 day EMA almost immediately. The 50% loss of the earlier session gains does not bode well for confidence. You will notice that we recently had seen a massive shooting star that reached all the way up to about the highs of where we were during the day on Thursday. In other words, there is probably a significant amount of resistance in the 1.2360 level. The 50 day EMA sits there as well, so there is a certain amount of technical analysis that could come into this picture as well. Regardless, the market is in a downtrend and therefore even though we have seen a couple of days were the market had really try to turn itself around, it cannot hang on to gains. This tells me that this probably continues to be a “sell on the rallies” type of deal. I find this particularly interesting considering that the British pound spiked against almost everything, and many of its other pairs kept its gains. This could be a function of Swiss franc strength though, so that is something that needs to be thought about. Nonetheless, this looks like a market that is destined to revisit its lows, so I am looking for shorting opportunities over the next two weeks. On a breakdown below the candlestick for the Thursday session, I suspect that would be good enough to get short yet again. To the upside, if we were to take out the 1.24 handle, then I would be more convinced of this breakout it is at that point we would have work our way through significant amounts of resistance, and therefore it would be a move that would have been very resilient and taken a lot of effort. In that scenario, it becomes more of a buy-and-hold scenario where I think eventually we take out the 200 day EMA. Keep in mind that this pair has a certain amount of risk appetite attached to it, rising one risk appetite is strengthening, and falling when it is falling. This looks like a market that is destined to revisit its lows, so I am looking for shorting opportunities over the next two weeks.
Short
by SmoothJB
1
Potential Shark Forming 🦈🦈GBP/CHF - Potential shark pattern forming with the D point landing in a very nice PRZ for the Daily uptrend continuation OR we could see price break through the zone and continue the weekly downtrend, but we've had multiple BOS and bearish momentum to suggest price is heading towards the D point so I've taken a short here and will analyze PA if it reaches the zone and completes the pattern! (Yes we have bullish patterns here too but i'm trading with the weekly Bias/momentum! let me know your thoughts! ** Disclaimer *** These ideas I never trade until the end target with my initial lots, I focused on high probable entries with higher lots and use a specific partial taking strategy giving me a very high win rate and take most of my profits very early, I only leave a small % of my capital to run the entire trade. On the flip side im constantly monitoring LTF momentum and will close early if things change, these analysis's are for research purposes only.
Short
by benalistarfx