LONG ON "GBP/CHF"GBP/CHF Has a very nice double bottom and has given a change of structure to a potential uptrend on the lower timeframe.
I am buying it now and getting out at the next major level of resistance.
CHFGBP trade ideas
GBPCHFOn the monthly chart the overall trend is bearish. Presently we are in a bullish correction targeting the unmitigated supply at 1.2 price handle.
On the weekly charts, the price has settled at a strong supply zone.
On the daily chart, price has broken higher indicating the bullish correction is still in play. If the price pushes lower, we will trade the short term bearish order flow as we look for buy entries at the unmitigated demand zone.
GBPCHF My Opinion! BUY!
My dear friends,
My technical analysis for GBPCHF is below:
The market is trading on 1.1388 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1410
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPCHF ShortBasic SMA cross-over. In addition, observing market structure and price action in 1H time frame
Major resistance level has been reached, looking to short nowCHF strength could return soon, now that price has reach an important area of resistance on the weekly chart.
GBPCHF Bullish TrendGBPCHF show a Bullish Divergence. Break the Last Lower High and Continue the Bullish trend. We place a instant order at trend line break. Set TPs and SL according to your account health
Sterling weakness VS CHF and EURI couldn't help but notice the 9-year downtrend on the monthly GBP/CHF chart around the 1.1630 level. The pair is struggling here, and a breakdown seems likely, suggesting potential Sterling weakness.
This observation supports the idea that EUR/GBP is likely to bounce off the .8498 support level.
It's crucial to check your long-term charts and other crosses. Do they support or contradict your views?
#ForexAnalysis #GBPCHF #EURGBP #SterlingWeakness #TechnicalAnalysis #ForexTrading #MarketTrends #CurrencyTrading #LongTermCharts #SupportAndResistance #lovecharts
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GBPCHF ShortPrice Action Trading
Daily Bias Bearish
H4 Bearish, Price retrace back to at least 50% and rejected from a previous horizontal level. H4 candle was bearish candle.
In H1 TF, Price broke a H1 support neckline and close lower. Set a short trade at Broken support level and TP at Swing Low of Daily TP with R:R 1:5
GBPCHF TO BUY (Supported Cup Pattern)After CHF news on Tuesday that pushed GBP downward, we see a cup pattern on the hour chart that is building support for this pair. Therefore, we can see a long position for GBPCHF.
TP: 1.143-1.146
GBPCHF: Bullish Continuation & Long Signal
GBPCHF
- Classic bullish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Buy GBPCHF
Entry - 1.1405
Stop - 1.1333
Take - 1.1519
Our Risk - 1%
Start protection of your profits from lower levels
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GBPCHF - 05.06.24 - H1Entry sell on setup DD after price pullbacks 40-50% in a diagonal manner.
Overall condition is still down.
GBPCHFGBPCHF price is in the resistance zone. 1.16539-1.17048 If the price cannot break through the 1.17048 level, it is expected that in the short term there is a chance that the price will go down. Consider selling in the red zone.
>>GooD Luck 😊
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GBPCHF - 4hrs ( Sell Trade Target Range 150 PIP ) ☑️Pair Name : GBP/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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⚙️ spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Short )
Type : Mid Term Swing
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🛡Bearish Break
1.16200 Area
Reasons
- Major Turn level / D
- Inner Channel Break
- Bearish Choch Zone / weekly
- Fibo Golden Zone
- Day / week low
🛡Bullish Reversal
1.14700
Reasons
- Major Turn level / M
- Fibo Time Zone
- Choch Area
- Pattern Area
- Quarter's Area
- Fibo Golden
- Visible Range HVN
- Fixed Range Hvn
GBPCHF 4.8 RRR Main TrendHi,
GBPCHF is declining for 5 days in a row and I expect a return from the main trendline.
It seems an good buy opportunity with a massive return potential to the fib level
Bullish rise?GBP/CHF has reacted off the pivot and could potentially rise to the 1st resistance.
Pivot: 1.14442
1st Support: 1.14112
1st Resistance: 1.15118
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GBPCHF BUYThe market is currently testing a weekly structure. Based on price action , the market is forming a reversal chart pattern on the 4HR TF, plus an added confluence of 4HR RSI Divergence.
We could see buyers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only. The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
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Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
GBPCHF Technical Analysis! BUY!
My dear friends,
My technical analysis for GBPCHF is below:
The market is trading on 1.1450 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1527
Recommended Stop Loss - 1.1400
About Used Indicators:
A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames.
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WISH YOU ALL LUCK
GBPCHF I 4 hr Intraday long from the bottom of the channel Welcome back! Let me know your thoughts in the comments!
** GBPCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
GBPCHF - Follow The Trend!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 GBPCHF has been overall bullish, trading within the rising channel in blue.
At present, GBPCHF is approaching the lower bound of the channel acting as a non-horizontal support.
Moreover, it is retesting a strong support marked in green.
🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green support and lower blue trendline.
📚 As per my trading style:
As #GBPCHF approaches the circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPCHF SNIPER BEAR ENTRYThe pair GBPCHF has a possible probability of sniper entry for a bearish trade; where in a Fair Value Gap (FVG) and Order Block (OB) formation is seen.
The fundamentals are also suggesting bearish for the GBP and mixed to bullish data for the CHF.
We wait for the levels and then take the entry for best possible results with 1:1 Risk Reward or you can also ride the trend with trailing stop loss....
Your Views ????
GBPCHFAs of the latest market data, the GBP/CHF pair is exhibiting a cautious trend amid mixed signals from both technical indicators and fundamental factors. Below is an analysis based on recent price movements, technical indicators, and chart patterns.
The RSI is currently at 55, indicating a neutral stance but approaching overbought/oversold conditions.
The MACD line is above/below the signal line, indicating bullish/bearish momentum. The histogram bars suggest increasing/decreasing buying/selling pressure.
The price is near the upper/lower band, indicating potential overbought/oversold conditions. A breakout from the bands could suggest a continuation of the trend.
A formation of an ascending/descending triangle suggests potential breakout opportunities. A close above/below the triangle's resistance/support line could indicate a bullish/bearish breakout.
If a head and shoulders or inverted head and shoulders pattern is forming, it could signal a trend reversal.
GBP/CHF BULLISH BIAS RIGHT NOW| LONG
Hello,Friends!
It makes sense for us to go long on GBP/CHF right now from the support line below with the target of 1.158 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band.
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