The counter is currently in a 3-wave bear cycle. Further, it is currently forming wave B in the form of a bearish flag pattern. Hence, we expect the pair to find resistance around this area and commence its wave C.
Bullish on the pair but always wait for a confirmation before entering a trade. This is an analysis and projection - not a signal. We have a red zone where price might range first. A bit more neutral than bullish if I can say.
GBG/CHF doesn't stop anything from going another 200 pips up, when it gets to that area, we'll see if it breaks through the strong structure weekly or goes down.
Price has printed a break and retest. We are waiting for price to form support at this daily support level for buy entries.
Welcome to our weekly trade setup ( GBPCHF )! - 1 HOUR Strong waves and pressure. 4 HOUR Sideways moving market structure at its lower mid. DAILY Expecting another push to the upside towards previous highs! - FOREX SWING BUY GBPCHF ENTRY LEVEL @ 1.18230 SL @ 1.17630 TP @ 1.19160 Max Risk. 0.5% - 1%! (Remember to add a few pips to all levels - different...
GBPCHF Little sell and long Buy CTLB then buy
The POUND has been very strong for some weeks now, GBPCHF won't be different. The Pair is obviously on an uptrend seeing that it has printed a DAILY ENGULFING , and has just broken through a resistance and successfully retested it on H4 TF. I expect a bullish move to 1.96300 where it'll meet a WEEKLY Falling Trendline. Sweet +60 pips 😉 Don't forget to...
Hi, this is GBPCHF as you can see i have made my analyses on this pair, i am expecting it to go in correction phase after that continuation phase. let me show you the before and after screenshots of this pair: Before GBPCHF H1 : GBPCHF 15M: This is is the bigger picture of the pair: Please remember this is my opinion Kind Regards Abdirizak
Based on the 4hr tf we could see clearly an inverted head and shoulders are forming. This also go along with GBPUSD pattern. We could see price continue to go up as GBP currently gaining strength. Buy gbpchf 1.1800-1.1815 Stop loss 1.1730 Take profit 1 @1.1875 Take profit 2 @1.1950 good luck
* Price has tested and rejected a Daily Demand Zone amd starting to bounce off it. * We can also see a Candlestick Pattern formation (The Invverse Head & Shoulder) Which gives us extra Confluence * I expect price to rally to test the Supply Zone or tap the broken Trendline *** Please Like and Leave a comment if you find this useful.