GBPCHFRetest off the trendline for a short.
A risk-reward ratio of 1:3.88.
SL: 1.18882
TP1: 1.17692
TP2: 1.17016
Gbpchfshort
Daily Update- Sell -GBP/CHF-- W1Disclaimer:
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. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Posible retroceso en par GBPCHF - (Swing) Posible retroceso en tercera onda del precio en el par GBPCHF, se pueden ver 2 posibilidades.
1.- Rebote en nivel clave en EMA50 y 0,38 de fibonacci, donde exista una reversa y el precio obtenga un impulso hacia el máximo anterior por los 1.9629 y luego continue con reversión bajando hacia los 1.722.
2. Gran caida en direccion hacia el nivel de la 2 segunda onda de Elliot.
Pondría en primer instancia TP1: 1.18128, para ir a buscar después los TP2: 1.17840 para finalizar en los TP3: 1.7300, con un SL abundante sobre los 1.9629.
GBPCHF - More PotentialThe Alkaline team got involved in this trade early with a lovely wick entry, we expect much more upside and are considering placing another buy position at this region now.
GBPCHF - Tough MarketTough market to trade this week, the level of manipulation is out of this world. Im very interested in trading this pair, what I would like to see is a confirmed close below the structure marked to be able to sell it. If we see price shoot to the upside, I will leave this trade untouched.
COT Data - 64% Lonf
GBP/CHF - could move very quickly down after 1.1690!GBP/CHF price action broke out of an ascending daily trend channel on the 8th September. This triggered a bearish impulse taking price right the way back down to the 1.1690 level. Last week we saw price 'take a breather' and retrace back up to 1.1825 and then react from a 4H descending trend line, which is now forcing price lower. If we get another break of 1.1690 AND a definite close beneath it, we can only see price continuing down to the lows from March sitting at 1.1250. There is extremely little in the way of support that could act as a potential barrier for this move which may mean that it happens relatively quickly. Keep an eye on this pair!
If price continues to close above 1.1690 this analysis would become invalid.
GBP/CHF - break-out from daily ascending trend channel on 4HThere has been significant volatility in the markets today and GBP/CHF has been no exception. Price has pushed to the downside and on the 4H timeframe has broken out of the daily ascending trend channel that has kept price in check since July. Price did break to the upside from the daily ascending channel last week, however, failed to post a higher high on the daily time frame. Combined with the overall weekly bearish trend, we will be looking to enter a short position from here, once we have confirmation that price will not re-enter the channel structure. We will wait for a retest of the channel or a further push to the downside potentially breaking support at 1.1905. If the channel is retested initial targets will be 1.1905 and a secondary target at 1.1885.
GBPCHF - Respect ResistancePrice has come down aggressively to test the previous resistance level, if we see a clear structure shift we could look for a potential long opportunity, I have marked the level that would need to be broken before I consider any position.
According to COT data source - 55% short
GBP/CHF SELL SIGNAL
Hey tradomaniacs,
welcome to a new free trading-setup.
NOTICE: This is meant to be a preparation for you! As always we will have to wait fro a confirmation.
GBP/CHF: Daytrade-Preparation
Market-Sell-Order: 1,20630
Stop-Loss: 1,21285
Target 1: 1,20000
Target 2: 1,19690
Target 3: 1,18075
Stop-Loss: 65,5 pips
Risk: 0,5% - 1%
Risk-Reward: 2,50
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Peace and good trades
Irasor
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Pullback Setup | Strong Zone of Confluence-Ascending TL breakout, retest approaching
-Respectable descending TL
-0.5-0.618 fib retracement area
-MA50 supporting momentum shift
