Hi TRADERS this is my trade set up for the GBP/CHF for the new week ahead
GBP/CHF on the break of line take a sell trade
This is my analysis only please trade with caution and risk management in place
clean crisp charts I hope it helps if you have any questions please private message me
good luck for this weeks trading
please follow like and comment thanks
GBPCHF is trading in a bearish parallel channel. Recently it has taken hit from the channel top and price drops sharply. We are expecting bears to carry their momentum and price will reach the channel bottom ultemately.
Trade your levels accordingly.
The British pound has shot straight up in the air against the Swiss franc during trading on Thursday, but it is worth noting that he gave back about half the gains. Because of this, it will be interesting to see if Sterling can keep its strength, considering that it peeled away from the 50 day EMA almost immediately. The 50% loss of the earlier session gains does...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.
Hi everybody , so now I'm waiting for a trigger to enter a short position on GBPCHF
as we can see in chart , it looks good if we get entry confirmation for short .
what do you think guys ??
We’re back in a new trading week!!
Let’s start here with GBPCHF (H4)
Am looking for an opportunity to sell after breakout and retest of double tops’ neckline and breakout and retest of the rising channel.
Wish you a nice trading week
gbpchf: watching for a spike and wick here to my yellow marked region at the 1.27000 before looking for sell opportunities here. Also where the 61.8 fib level is at. This does not mean to sell right away when price reaches here 👣 One thing to note with fib...fib is just an extra* confirmation for me and is not used in every* single trade setup. Know when to use it...
last month's price make an uptrend and already breakout + price make a pullback, last day the pullback make a significant downtrend and price already make a double top, waiting for the retest and we can make a sell position. remember to focus on money management and psychology GOOD LUCK.
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.
We consider selling this GBPCHF pair because of a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
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
Since April, GbpChf is trading is a 200 pips range (more or less)
At this moment the pair is around 1.28, wich is strong resistance.
I expect the price to roll back towards 1.26 support
A clear close above 1.2850 would negate this scenario