The first equal high wipe wasn't significant enough to cause further collapses so the price has gone for the liquidity again. Now that this is out of the way may see the next leg down. Are you feeling more bearish pressure on this pair? Let me know in the comment section.
Very very small risk here, but I've taken a buy here based on the candle pushing past previous resistance and should it close above the wicks to the left I will be happy to hold. Risk management important as always, watch out for any curveballs thrown and take it easy. It is a FRIDAY and they are always unpredictable.
last day's price was strongly moving up and already touching the strong daily resistance area, there's no break the resistance and I assume it will bounce back and broke the uptrend structure, for the uptrend maybe the price will strongly break the resistance area. remember always waiting for breakout + retest + confirmation + money management + psychology. GOOD LUCK
Hi there, GBPCHF is setting up for a massive breakout to the upside, watch the price action at smaller timeframes and buy at the dips Target is 1.37 Good luck
Hello Friends, As we can see price is moving inside parallel Ascending channel . Approaching on strong Channel support area . I am Expecting once again long opportunity but we need to see some confirmations. On lower time frame I will Wait for bullish price actions as well as counter line breakout.
In the picture, GBPCHF is strong and will breakout its trend line. If Monday candle forming bullish then we can look for buy opportunity.
This is one of the most controversial pairs in the market in terms of the BTMM. I am saying this because it never even moved a level for us to get a reversal entry. if look from Monday, it has been resetting since then. We are only looking at getting a return move to the last week's low for us to go long
Hi traders, GBPCHF has been trading in a tight range but its price action makes Elliott Wave sense. After a strong impulse decline in wave A, a three-wave correction is expected before the bearish continuation. This correction seems to be taking the shape of the Elliott Wave 3-3-5 expanded flat correction pattern. Price made a three-wave rally in the circled...
🔴 GBPCHF Looking for sideway Now GBPCHF prices in TF H4 have a sideway so the easiest trade is to follow this pattern. Open Sell when price hits resistance and PA Bearlish occurs and open Buy when price hits support. 🚩🚩 Stoploss should be above the support or resistance as the pattern formed. find more forex & crypto weekly forcast on my youtube channel...
Welcome to our weekly trade setup ( GBPCHF )! - 1 HOUR Market closed above main sr level. 4 HOUR Expecting further pressure to the upside. DAILY Overall bullish turning market structure. - FOREX SETUP BUY GBPCHF ENTRY LEVEL @ 1.27740 SL @ 1.27220 TP @ 1.28400 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different Brokers!) Leave us a...
Technical Analysis: The pair has succeeded to break the range pattern to the upside with a big bullish candlestick. This shows that the buyers won the fight over the sellers, and they are about to push the price to the upside. A lower correction could be seen before the...
Welcome to our weekly trade setup ( GBPCHF )! - 1 HOUR Pullback towards main sr level. 4 HOUR Closure and pressure above main support level . DAILY Overall bullish market structure, expecting more pressure. - FOREX SETUP BUY GBPCHF ENTRY LEVEL @ 1.26630 SL @ 1.26210 TP @ 1.27360 Max Risk: 0.5% - 1%! (Remember to add a few pips to all levels - different...
POUND SWISS IS IN A MOOD TO RETEST THE HEIGHS, BUT BEAR IN MIND THAT IT HAS TO GO DOWN.
We could see price rotate upwards after broken above the recent patterns. To me it looks like falling wedge just like USDCHF pairs. For a fan of elliott wave it is a triangle wave-4. We will see price rotate towards 1.3200 area to complete wave-5. Buy GBPCHF 1.2690 Stop loss 1.2570 Take profit 1.3200 (4.25R) Use only 1-2% risk Good luck
Hi Traders, This is my view on this pair for the next few days. #GBPCHF BUY 1.27 SL 1.2679 TP 1.277 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to...
HI TRADER, It seems GBPCHF near to Fly. Hope the idea will work