In the wider context, I am bearish Sterling. However, I am anticipating a range-bound price action today BUT I will only take "level rejection" to short this pair. I am looking for bull traps at the levels I have marked on the chart. No risk events for the U.K and Switzerland
and now is best time for going short on GBPCHF and just i'll wait price close .
zone trading at the resistence 1.22645 is holding well with a nice H4 pinbar .and now H1 resistence is holdimg with other binbar rejection . possible technical shorts could be seen from current price down to 1.21250.
GBP/CHF H4 time frame making a head & shoulders pattern. Price is currently at key level support. If we break this support, we could find price moving to the downside. Potential 100+ pip if we can find good entry with confirmation. Overall trend: Down Stop Loss: ~1.2300 Entry: roughly 1.2190 zone TP 1: 1.21200 TP 2: 1.20700
Analisa Teknikal masih mencadangkan saya untuk Bearish kesemua GBP pairs. Risiko besar bias ini adalah perkembangan terkini Brexit & suasana politik di United Kingdom. Berdasarkan data-data yang lepas, market seolah-olah "react" jika news tersebut berupakan news yang tidak baik bagi No Deal Brexit ataupun apa sahaja yang kena mengena dengan Boris Johnson. My...
Double top formed and head and shoulders pattern. An impulse move to the downside can be seen with a pullback to the 61.8/71 Fibonacci along with a re-test of the trendline as resistance. The market was playing in a wedge until the last candle closed outside with now what looks like a test as resistance with the 38.2 Fibonacci along with the resistance of the...
GBPCHF has a great opportunity for next to short down to 1.18500. The GBP continues to weaken as the safe haven CHF grows strength on global trade tension. We have breached a key support and are looking to go lower.
Hello Traders, We are simple just correcting the big up move we had recently, and we need to wait and see whether or not this will completely reverse to the downside or just bounce right back up. For now, look for more down-movement at least to the trend line before anything else. If you enjoyed, please thumbs up and follow for more. Thank you
If you missed the opportunity to go short on GBPCHF from the top then this breakout maybe another good chance to enter on the 1hour TF Any questions feel free to ask Ben #PipGainFx
BUY & SELL As Per Above Given Chart or You Can Also set Own Risk reward. Let see what Will be Next Move. Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only. Thank You !
Buying GBP/CHF Entry: 1.2392 target 1.2490 (98+ pips) SL: 1.2295 (97- pips) Risk reward 1:1 Use a sensible lot size.
Price rejected the upper blue zone twice. The price will bounce from the yellow zone. I expect the price to make a sharp move at around 1.243 to the south. Target is the lower blue zone.
Like all the GBP pairs baring the NZD there are shorting opportunities on every pair. waiting for monday confirmation on the 4 hour TF and all my rules to be met then i will be opening a short position..