FX:GBPCHF   British Pound / Swiss Franc
Hello Traders,

Here we have a GBPCHF long trade idea. If you like this idea please show your support!

GBP

This trade idea is based off the fact that the Pound (GBP) is reaching a weekly low since the end of September 2021. We are expecting some strength as this is approaching a structure level & this will give us a double bottom reversal pattern indicating we are expecting a possible reversal which we do not want to miss!

This GBP weakness can be seen across other GBP pairs, for example GBPUSD below :


In the chart above you can see a very long wick in the candle indicating less seller and more buyers in the market, this is key indication of a potential reversal as we can see a lot of weakness in the trend and price is struggling to push down any further. This may be another pair you want to consider taking a look at as this also has a very similar potential to GBPCHF .

CHF

Swiss Franc (CHF) weakness can be seen as price is hitting resistance in its bull run and we can see much weakness across many CHF pairs, for example my previous USDCHF trade idea I shared last week has made progression, but the price as returned to the entry point due to slight CHF strength however this gives us this opportunity to enter in this other pair.


If you want to improve your trading, do not hesitate to send me a message!

Please trade with caution and make sure you set your stop losses! Happy Trading 😁

Be sure to check out my other ideas below!
Comment: TRADE IS LIVE! With a EXACT ENTRY! 0 PIP difference!

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