Hey traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.13 zone, GBPCHF was trading in an uptrend and successfully managed to break it out. if we get any decent pullback i will be watching a potential retrace of the trend around 1.13 support and resistance zone. Considering also that CHF is considered as a safe haven in...
Hey Traders, in today's trading session we are monitoring GBPCHF for a selling opportunity around 1.138 zone, GBPCHF is trading in a downtrend and now seems to be in a correction phase in which extending pullbacks are approaching the major trend around 1.13600 support and resistance zone. Trade safe, Joe.
If we see the entry signal in this zone with the set loss limit, we will enter the matter of the degree of ascent, but keep in mind that this signal is used in the upper periods, so you must be patient enough, but if the goals are achieved, there will be a good profit.
GBPCHF broke above a falling wedge pattern which indicates that this market will continue up for some extra pips.
GBPCHF on the 4h chart after the test of the daily support creates a false breakout of the area where the market took the liquidity below the support zone. The price immediately climbed over the support and is now trading below a minor resistance structure. According to Plancton's strategy IF the price will break above and satisfy the MTB strategy we can set a...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. GBPCHF is stuck inside a range in the shape of a symmetrical triangle. As per my last analysis (attached on the chart), GBPCHF was around the lower orange trendline so we were looking for buy setups. Now GBPCHF is approaching the upper trendline, so we will be looking for...
Hey Traders, GBPCHF is trading in a downtrend and pullbacks seems to approach the major trend. in today's trading session we are monitoring a potential reversal around 1.11200 supply and demand zone of the trend. one of the reasons i'm considering GBPCHF shorts is that CHF is considered a safe haven along with JPY in this type of environments. Trade safe, Joe.
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. Here is a detailed update top-down analysis for GBPCHF . Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Price is testing a key support level at 1.1246 which is an overlap support along with a 38.2% Fibonacci retracement. A bounce from here could see prices rise up to the next resistance level at 1.1356 which is a strong overlap resistance. In terms of stop loss, we're eyeing 1.1192 which is below a recent market movement - this gives a healthy R:R of about...
it break the resistance we will wait it to retest this area then buying gbpchf tRGET 145 POINT STOP LOSS WILL BE 30 POINT
GBPCHF - Intraday - We look to Sell at 1.1300 (stop at 1.1335) Buying pressure from 1.1195 resulted in prices rejecting the dip. We have a 61.8% Fibonacci pullback level of 1.1298 from 1.1435 to 1.1075. The 200 day moving average should provide resistance at 1.1250. This is negative for short term sentiment and we look to set shorts at good risk/reward levels...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on H4: Left Chart GBPCHF has been stuck inside a range so we will be trading the range until it is eventually broken upward or downward. Now since GBPCHF is sitting around the upper bound of the range, we will be looking for sell setups on lower timeframes. o n H1: Right...
The GBPCHF currency pair is currently in a bearish trend on the daily chart, as indicated by the formation of descending highs and equal lows. This price action suggests that there is strong downward momentum and that the bears are in control of the market. Price has been consistently trading below a key support area at 1.11000, which is a critical level for this...
Looking at the H4 chart, my overall bias is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 1.12724, where the overlap resistance and 50% Fibonacci line is. Take profit will be at 1.10481, where the previous swing low is. Stop loss will be at 1.14351, where the previous swing high...
Looking at the H4 chart, my overall bias is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a pullback sell entry at 1.12724, where the overlap resistance and 50% Fibonacci line is. Take profit will be at 1.10481, where the previous swing low is. Stop loss will be at 1.14351, where the previous swing high...
What is your thoughts on GBPCHF ? Pre cpi news expectations
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. on DAILY: Left Chart GBPCHF is sitting around a strong support zone and lower orange trendline so we will be looking for buy setups on lower timeframes. on M30: Right Chart GBPCHF is forming a channel in red but it is not ready to go yet. 🏹Trigger => for the bulls to...
The market trend for GBP/CHF on the 4H chart appears to be bullish, with the price action showing a series of higher highs and higher lows. This pattern is a positive indication for buyers in the market. The recent test of resistance and subsequent move towards the 50% Fibonacci level adds further confirmation of the bullish sentiment. How can i approach this...