GBPCHF BUY AND SELL LONG analaysis. as we can see market structure starting downtrend on DAILY, but breakout SELL on H4, so the next movement that i predict the price will retrace zone (1.1312 - 1.1205) before back to the top (1.4511-1.14843) and start major downtrend till price hit 1.109525
Possibility of LONG on GBP-CHF,
On the 4h chart we have a downward trend broken up, now there will probably be a retouching of the downward trend line and then an upward climb. In addition, RSI 4h shows that it is oversold at the moment, so it confirms once again the idea and the possibility of an increase.
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Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Still AAA type trade
My previous trading idea below: only went 118 pips down after hitting daily SND zone (it was such a short trade i should have used H1 to post the trading idea)
Anyway reasons for taking a buy here:
We had our change of character.
Asian session is ahead hence because of JPY we might go up
Trade type glossary:
Trade type AAA - Very...
Trade type BBB
Reasons for taking this trade:
- We are in daily demand.
- exgf move has already happened.
- 3OBs have been created hence fulfilling the 3-touch move strategy.
- 4HR candlestick might close bullish.
- We already have our choch
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to...
GBPCHF - 20h expiry - We look to Buy at 1.1310 (stop at 1.1260)
Previous resistance level of 1.1363 broken.
We are trading at overbought extremes.
A lower correction is expected.
Our short term bias remains positive.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 1.1460 and...
Trade type AAA
My previous idea:
Reasons for taking this trade
- We hit a major weekly support
- CPI data has favoured this pair.
Remember, main bias is sell
Trade type glossary:
Trade type AAA - Very good
Trade type BBB - Good
Trade type CCC -🧐
I usually use trade types to determine the amount of risk to use:
In AAA - 1, 1.5 and 2%
In BBB - 0.5%
IN CCC - 0.25%
Trade type AAA
Reasons for taking this trade:
Trade hit weekly demand and created the first OB that mitigated the first supply zone
After hitting weekly demand it created an OB and since liquidity lies below OBs and the price had nit hit daily OB it had to retrace back and clear liquidity below OB.
Then the trade retraced to and near first supply zone in which...
Currently price is in the corrective phase forming a bullish continuation pattern (flag) on 15min Timeframe.
I'll be considering
A Risk entry type at the bottom of the flag structure at an area of value.
Reduced risk entry after the impulsive back down followed by a tight flag or break of the flag.
Share your thoughts in the comments and show your...
- 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 1.1537. Also, according to the GBPCHF...
Entry level of: 1.2613
Stop loss set at:: 1.12145
Close trade (Profit) at: 1.14709
General Bullish consensus, looking more towards the upside after tis breakout.
Hello traders!
‼️ This is my perspective on GBPCHF.
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block + institutional big figure 1.14000.
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