Analysis GBPCHF : Considering the price correction, I expect the price to grow to the set targets. . . price: 1.11000 sl: 1.08040 tp: 1.14500 tp2:1.18350 . . 👤 Alireza hajighasem : @alirezahajighasem . . 📅 3/15/2023
- VIX is slightly UP, so CHF has become somewhat STRONG with the SNB RATE HIKE. Due to this STOCKS and XXXCHF CURRENCY were slightly SELL. GBPCHF was also SELL because of that. Currently there is a RISK OFF BIAS. Therefore, GBPCHF may sell slightly in the future. - Currently GBPCHF LONG TERM can move up to the LEVEL 1.7000. Also, according to the GBPCHF...
GBP-CHF is retesting a Resistance cluster And the pair is somewhat Overbought so I think That we will see a move down From the level towards The target below
GBPCHF has come to the invalidation point after the shift of the market structure (bearish to bullish) which makes us consider as a buy setup
GBP-CHF was trading in a local downtrend But now we are seeing a bullish breakout Of the falling resistance which makes us Locally bullish biased so I think he will retest the 1.13454 areas after that The price will go further up
In My Opinion This is another High Probability Trading Set Up Regarding GBPCHF Currency Pair.
GBPCHF Long Setup 📣 Last week, GBPCHF has broken out of this 180 days flag consolidation, it is currently trending above the Daily 200ema too. 💭This consolidation consists of a complex 3-5-3 pattern, and it marks the end of a potential Wave-B or Wave-2. Possible targets have been marked for Wave-C, if it's forming a Wave-3, target could be higher.
GBPCHF Short Setup Harmonic pattern in play