#GBPCHF Market is currently on strong support level. In recent time there was a sell trend. Now i am looking for reversal in this pair. We will also be looking for 1.20800 area for another level of reversal.
What I see: - Price is very close to a major structure level (MSL). - Stochastic displayed oversold and crosses in MSL. - Stochastic currently displays oversold and crosses. What I expect: - Price to long towards 1.22791.
GBPCHF is trading in a bearish trend following by a bearish parallel channel . The current price is approaching to a support zone . We are expecting bulls to take over from here as price has already shown support in the past on these levels. Alternatively, breaking below the supports will call more bears in the party. Trade your levels accordingly.
GBPCHF is trading in a bearish trend following by a bearish parallel channel. The current price is approaching to a support zone. We are expecting bulls to take over from here as price has already shown support in the past on these levels. Trade your levels accordingly.
The GBP/CHF is consolidating at 1.254 levels, which is a strong resistance. It is expected to decline until it reaches 1.210. According to the existing harmonic
GBPCHF after making a double top at 1.26077, drop sharply and is approaching to important support zone. Can we expect bounce from support? If we have a good price action on the support meaning bullish candle and followed by strong candle then one can enter long. Trade your levels accordingly.
#GBPCHF I am looking for a good buy move after double bottom formed on support line. Interesting area will be when it broke resistance of mention triangle. Once it retested that we will be looking for buy move in long term.
The British pound has broken down significantly during the last week, showing signs of weakness and “risk off trading.” The 1.25 level has been a bit of a magnet for price, and the previous three weeks had seen the market simply going back and forth. Now that we have busted through the little bit of support, I do think that it has done enough structural damage to...
gbpchf ready to sell are you ready ? market break the demand zone now come fresh supply we need to wait aproch at supply zone then we sell from supply zone best of luck
As the geo political tensions are rising up and CHF is a risk off asset. Many investors will be cutting their long positions on GBP and start buying Yen, CHF and Dollar. So expect DXY, CHF and JPY to be surging higher in the coming weeks. Secondly the marked areas show the high cluster of volume where the most contracts have been traded. I expect the move to the...
Looking at GBPCHF on 1H timeframe We looking for a potential short position upon retest of the level in which the market broke out of
Trade Proposal: There is a probability of first tp to the proposed ( 1.24700 ) Direction line. So, Traders can set orders based on Price Action and expect to reach short-term goals. Technical analysis: GBPCHF is in Downtrend and It is Expected to Continue Downtrend.
Price action has been consolidating right above the key level at Fr1.25 since my last publication (see link below for reference purposes) as indecision continues to grip the market. Like I stated in my last publication, the key level remains a very sensitive borderline where the probability of bullish and bearish momentum is almost of the same possibility. A...
The 200 DMA is said to be a good guide to a bullish/bearish bias and quite often it acts as a dynamic support/resistance. Not always, but often!! Together with the S/R zone around 1.2530 it held price on 3 occasions in the recent past on this pair. The market appears not to accept higher prices and several daily candles have been held in this zone. If they did...
GBPCHF SELL After Breakout Trend Line Wait For Retest And Find Sell Evidence Then SELL
In the above chart you can clearly see at what price you need to entre into Trade. Its better if you wait till the RED color TRENDLINE, if you get a chance to enter near the RED color TRENDLINE grab that opportunity and entre into trade. ENTRY- 1.25000-1.24868 STOPLOSS- 1.23882 (Respect your stoploss) 1st TARGET- 1.27813 2nd TARGET- 1.29983 FX:GBPCHF
Overall bullish bias on the 4H chart. A retracement on the 1H touching the fib 61.8 level which coincides with newly formed support. The retracement formed as an exhaustion pattern and left a huge imbalance that should be filled prior to big moves. If the market opens with no big gaps, my plan is to enter a long position with the stop loss of 1.25123 and the take...
Hi Traders, Price is moving correctively towards the top of this HTF bullish continuation structure which we may get one more push down before we breakout and continue to rise. Wait for an impulse rejection followed by a correction to validate this short. Share a comment below and let me know your view on this pair! Click the like button if this idea has...