Hello,Friends! We are going short on the GBP/CHF with the target of 1.133 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
✅GBP_CHF is trading along the rising support line And as the pair is going up now After the retest of the line I am expecting the price to keep growing To retest the supply levels above around 1.1450 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello traders! ‼️ This is my perspective on GBPCHF. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I expect bullish continuation after price filled the imbalance and then rejected from bullish order block. Like, comment and subscribe to be in touch with my content!
Hello traders, we want to check the GBPCHF chart. After moving in an ascending channel, the price has reached the specified resistance level. We expect the upward trend of the price to stop and the price to fall to around 1.13500. Good luck.
The pound, like the euro, has been in a short context since yesterday. The clear priority is to work in the short direction. A local magnet for price is the FVG formed above, from which we would like to see a reaction, with targets set at the Frankfurt minimum.
My dear friends, Please, find my technical outlook for GBPCHF below: The instrument tests an important psychological level 1.1470 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 1.1405 Recommended Stop Loss - 1.1502 About Used...
gbp cad price will be back to support zone to balance liquidity take a short after breaking resistance zone as shown in the picture, follow for live updates @FOREX_TRADER_007
GBPAUD is rising towards a resistance level which aligns with the 50% and the 78.6% Fibonacci retracement and reverse from this level to our take profit Entry: 1.92761 Why we like it: There is a pullback resistance level which aligns with the 50% and the 78.6% Fibonacci retracement Stop loss: 1.94481 Why we like it: There is a pullback resistance level Take...
Price is falling towards an overlap support level that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit Entry: 2.09335 Why we like it: There is an overlap support level which aligns with the 50% Fibonacci retracement Stop loss: 2.08842 Why we like it: There is a pullback support level which aligns with the 61.8%...
Overview: The GBP/USD pair is currently exhibiting a wedge pattern formation, indicating a potential reversal in market direction. The pair has recently tested a supply zone and experienced a pullback, suggesting a bullish bias in the short term. Furthermore, there's evidence of the pair testing a demand zone, providing additional support for a bullish...
Hey Traders, in today's trading session we are monitoring EURGBP for a buying opportunity around 0.85500 zone, EURGBP is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 0.85500 support and resistance area. Trade safe, Joe.
GBPNZD Buy Stop Loss: 2.092 Targets: 2.099 2.100 2.101 2.102 2.104 2.106 2.108
Price is heading towards previous daily swing low. price seem to have just retested the vwap and made a rejection candle with heavy volume. recent p.a shows a rejection of 2.09850 which also lines up with the supertrend as a resistance.
GBPJPY - 24h expiry The primary trend remains bullish. A lower correction is expected. Previous resistance level of 191.55 broken. Bespoke support is located at 191.35. Preferred trade is to buy on dips. We look to Buy at 191.35 (stop at 190.85) Our profit targets will be 192.55 and 192.85 Resistance: 192.35 / 193.00 / 193.50 Support: 191.35 / 190.85 /...
#DayPlan The pound, like the euro, remains in a long context after yesterday's news-driven movements. The clear priority is also to work in the long direction. I am ready to consider positions for continuation from the fractals formed during the Asian session.
The GBPAUD pair gave us an excellent buy signal last time we looked at it (December 29 2023, see chart below), easily hitting our 1.9000 Target: This time we have a Sell Signal that the pair just flashed as it just broke today below the 1D MA200 (orange trend-line) for the first time since January 15. Last time that happened was on December 13 2023, when...
As I watch the price action I am seeing a lot of fighting between the bears and bulls and we could see price change direction and go bullish on GU for a moment.