Hey folks, Today we're looking at GBPCHF as it is forming a pretty ugly larger structure. Yet we can't deny that if this pair shows a nice pattern, that we enter the trade. So basically we have a larger structure on the H4, and we're looking for a failed pattern off the 50 EMA on the H1. If this all sounds a little fuzzy for you, just hit the 'Follow' button...
GBP/CHF has broken the 50 EMA on the 4H chart and is currently finding support on top of it. We can wait a bit more for the confirmation of the up move and enter in the move. Trade safe.
PRICE IS IN AN ASCENDING WEDGE ON THE WEEKLY PRICE PREVIOUSLY BROKE THE 134500 LEVEL TO TEST THE TREND LINE AND NOW ITS HEADING IN THAT DIRECTION AGAIN THERE ISA MINOR RESISTANCE IN THE 132500 AREA THAT HAS BEEN TESTED 4 TIMES. i WILL BE WAITING FOR PRICE TO BREAK OUT OF THE RESISTANCE AND HIT THE 132800 LEVEL BEFORE GOING LONG ON THIS PAIR OR I WILL JUST...
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GBPCHF have been in a strong trend, but momentum indicators are suggesting scope for a pullback to come in now. So i am preferring shorts around 1.3539, with stop above 1.3557, looking for target 1.3466 for now.
It seems GBP/CHF reached it's strong resistance price @ 1.34689. There is a good opportunity to retrace price until nearby support@ 1.32519.
GBPCHF is testing strong resistance presenting us with a good selling opportunity. Sell below 1.3466. Stop loss at 1.3527. Take profit at 1.3335. Reason for the trading strategy (technically): Price is testing major resistance at 1.3466 (Fibonacci retracement, horizontal swing high resistance, bearish harmonic formation) and a strong reaction could occur from...
GBPCHF is presenting us with a really good selling opportunity. Sell below 1.3434. Stop loss at 1.3522. Take profit at 1.3145. Reason for the trading strategy (technically): Price is testing major resistance at 1.3434 (Fibonacci extension, bearish harmonic formation) and a strong drop could occur from here to push prices all the way down to 1.3145 (Fibonacci...
going long here, i think we should test previous swing high here
GBP/CHF 1D Chart: Heads towards 55-day SMA The British Pound is simultaneously fluctuating against the Swiss Franc in three different patterns. The largest ascending channel started to form a year ago and nowadays consists of three reaction highs and two reaction lows. The medium ascending channel represents a fragment of the dominant formation and is lying...
I'm not interested in buying the GBPCHF but the sell setup seems like a good idea. Please trade with care.
Today at approx 2:45am EST the CHF will be releasing some economic data regarding the consumer climate (SECO) which is important and can effect inflation. I see an opportunity to take this part short as it will boost the overall strength in the CHF currency, and we already know base don the economic conditions in Great Britain the GBP is weak
Hi traders, The GBPCHF on the 4H chart is showing a beautiful Head and Shoulders pattern whereas the neckline has been broken. Now we are at a strong flipzone area that needs to be broken next. Let's see if we are going to break it or bounce back into the neckline. As always, stay patient :)
With the release of the Rightmove House Price Index this morning showing falling house prices in the UK we still have no reason to be bullish on the Pound. GBPCHF has been in a strong downtrend of late, indicated by the lower lows and lower highs on our chart. We are looking at a very simple swing trading opportunity here by selling at the Weekly Central Pivot...
This trade is not active yet. buy once we break the minor resistance line.
Hi Traders, Simple idea, blue or red? Let's see what happens! - Hola Traders, Idea simple, azul o rojo? Veamos lo que pasa! Carlos
Two days ago, we've seen the Great Britain Pound rise towards all of its pairs due to the decline of the Dollar... except from the Swiss Franc. After my re-analysis of this pair (see my previous analysis at my Link to Related Ideas), I've seen another trend line on play at daily. Despite the ongoing ascending trend line , there is still a trend line on 4-hour...