GBP/CHF SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Note: This is meant to be a preparation! As always we will have to wait for a confirmation!
Important:
ALL POUND-TRADES are currently very risky as Brexit-Negotiations are to be continued and the outcome is not clear.
Since a No-Deal is more likely to happen and technical aspects for GBP/CHF are very bearish we could consider to give this trade a try with a low risk.
GBP/CHF: Daytrade-Preparation
Market-Sell: 1,18755
Stop-Loss: 1,19350
Point-Of-Risk-Reduction: 1,18215
Take-Profit: 1,17535
Stop-Loss: 60 pips
Risk: 0,5%
Risk-Reward: 2,0
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Peace and good trades
Irasor
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Gbpchfshort
GBPCHF - SWING - 14. DECE. 2020Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Bullish reaction after breaking below main sr level.
4 HOUR
Price about to follow midterm trend, good short entries!
DAILY
Expecting further drop towards previous support zone.
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FOREX SWING
SELL GBPCHF
ENTRY LEVEL @ 1.18930
SL @ 1.19580
TP @ 1.17180
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
GBPCHF, 4hr tf, sell wave-C breakdownHello my friends,
Today we are going to sell GBPCHF.
As you can see, i already marked our horizontal support and resistance level.
I also do the Elliott waves analysis and found that we got a nice opportunity to try selling GBPCHF.
We're now on ABC correction in my opinion and we could break wave-C into 5 waves.
Waves-iv now completed and we will soon see price rotate lower to complete wave-v.
We use elliott waves rules where 4th wave can't touch 1st wave area as protectice stop loss.
Sell GBPCHF 1.2000
Stop loss 1.2040
Take profit 1.1880 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
GBPCHF SHORT - PRICE HAS REACHED DAILY LEVELPrice has reached key daily level and is moving very correctively on the H4 timeframe showing signs of weakness and a potential reversal and a swing to the downside is becoming more probable. Price has tried to break through this level 2 times before and is now on its 3rd attempt, so if we see price hold we can expect to see a bearish swing to the daily level below which was resistance but will now be acting as support.
Comment below what you think will happen to GBPCHF
GBPCHF downtrend setupprice direction: DOWNTREND
potential target price: 1.2090
**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 as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
GBPCHF Reaching A Level Of Strong Resistance!!!Currently, we managed to see GBPCHF moving towards a level of great resistance where we saw multiple rejections. After moving to this area, I will expect a BEARISH retracement back to 23.6 fib level also where a support level lies @1.2120. This will be an important level to lookout for if there are still BULLISH strength to this pair as a potential rejection from there could potentially means more to the upside and a breakout of 1.2192 resistance level. As of now, I see a great short opportunity to the support level at the same time observing for a breakout of the support to hold my trade to the next support level @1.9120. Do remember to watch out for potential rejection at 1.2120 if you plan to TP at a lower price.
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