GBPCHF Price is expected to drop to minute wave C and Rejection set in at the QML level which provide a suitable entry again
CHFGBP trade ideas
GBP/CHFMy current bias for next week is bearish already caught 1/2 RR on it this week and thought I should start sharing my ideas and see if others see what I see
Bearish drop?GBP/CHF is rising towards the pivot which is a pullback resistance and could drop to the pullback support.
Pivot: 1.11743
1st Support: 1.11090
1st Resistance: 1.12120
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GBPCHF H1 short from resistance tp +90 pips🔸Hello traders, let's review the 1hour chart for GBPCHF today. We are recently trading in well defined range so it's recommended to short sell from heavy overhead resistance, we got clearly defined S/R zones on the 1hour price chart.
🔸Resistances at 1265 1285 1310. Supports at 1215 1195 1165. Currently
short-term weak bounce in progress will most likely get faded from resistance.
🔸Recommended strategy for GBPCHF traders: focus on short selling high near 1285 price cluster SL fixed at 25 pips TP1 +45 pips TP2 +90 pips. Expecting rejection from overhead resistance and re-test of the mid of the prior accumulation range.
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GBPCHF LONGAlthough we've been experiencing rallies on this pair but the bias still remain the same, "LONG". A bit of patience is required to see this through.. I have my buy limit set already.. What do you think?
GBPCHF Nearing Completion of Bearish Harmonic PatternGBPCHF Nearing Completion of Bearish Harmonic Pattern
Today, the economic calendar was empty, yet GBP displayed unusual bullish moves.
Considering that the price is near a strong zone where it has been rejected several times, the odds are that GBPCHF may move down again.
If the pattern completes, the price could drop from 1.1300.
However, given CHF's long-term strength, it's possible the price might decline even before the pattern's completion.
You may find more details in the chart!
Thank you and Good Luck!
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GBPCHF BEARISH FOR 80 PIPSTechnical Analysis Factors:
Support Level: The pair may have reached a strong support level where buyers saw value, creating a demand zone that halted the downtrend. Look at previous price action and identify historical support levels where price has rebounded in the past.
Oversold Conditions: Indicators like the RSI or Stochastic Oscillator could indicate oversold conditions, prompting buyers to step in as prices are deemed undervalued.
Fibonacci Retracement: If this is a pullback within a larger trend, an 80-pip bounce might align with Fibonacci levels (like 38.2% or 50%) from a prior move.
GBPCHF Potential UpsidesHey Traders, in today's trading session we are monitoring GBPCHF for a buying opportunity around 1.12200 zone, GBPCHF is trading in an uptrend and currently is in a correction phase in which it is approaching the trend 1.12200 support and resistance area.
Trade safe, Joe.
GBPCHF / M15 / SHORTGBPUSDT may fall from the Bearish Order Block
Bearish Order Block: 1.12928 and 1.12838
GBPUSDT could potentially decline from this bearish order block. I've used Smart Money Concepts (SMC) along with additional indicators for confirmation. There’s a strong probability that this trade may end in profit. Let's watch how the price reacts.
GBPCHF / M15 / SHORT
LOT :- 0.3
Entry Price :- 1.12836
Take Profit :- 1.12586
Stop Loss :- 1.13086
Scenario GBPCHFHere I see possible preparations for short positions, the analysis solves possible scenarios for the completion of the correction, the first scenario is that the price will reach the upper trendline, the second from the correction will eventually be formed as a head-shoulder formation
GBP/CHF on the 4 TF is neutral for nowThe chart price action and indicators seems to be bullish, probably because it's forming an Ascending Triangle. The overall trend appears cautiously bullish, as seen from the series of BOS and the sustained price action above key support zones. We must keep an idea at major resistance zones around 1.1300 and the 29% Fibonacci Premium level, as they may induce selling pressure.
Bullish bounce?GBP/CHF is falling towards the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.1268
Why we like it:
There is a pullback support level which aligns with the 38.2% Fibonacci retracement.
Stop loss: 1.1217
Why we like it:
There is a pullback support level.
Take profit: 1.1326
Why we like it:
There is a pullback resistance level.
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GBPCHF Buy IdeaOANDA:GBPCHF has broken the last high indicating significant upside momentum. We can look for buying setup at discounted price range of fib 38-50%
GBPCHF - 4hrs ( Buy Trade Target Range 200 PIP ) 🟢 Pair Name : GBP/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Long )
———————————
Bullish Break
1.12850
Reasons
- Major Turn level / W
- Visible Range Lvn
- Choch
- inner Fibo Golden
- FIxed Range Hvn
- Day low
Bearish Reversal
1.14500 Area
Reasons
- Major Turn level
- Visible Range Hvn
- Pattren Target
- Fibo Golden Zone
GBP/CHF for a bull run ?We’re seeing some sideways movement with the potential for a bullish move. My numbers indicate bullish pressure, but, as with any market, nothing is certain. My bias is toward an upward move.
The market is currently at a daily demand zone, and as usual, we need the 4-hour chart to confirm this sentiment. On the 4-hour, we’ve got a solid demand zone that’s formed and held, showing a nice rejection. I’m going in with a bullish move…pray for me
GBPCHF Buy Trade IdeaHello Traders
In This Chart GBPCHF HOURLY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
