Market structure has shifted to bearish (breaking below the most recent swing low). Entry at bearish order block targeting the volume imbalance on daily. My trading is mostly based on ICT teachings. Still learning, studying and practicing. Feel free to share your ideas! Good trading!
Important weekly support has been breached. The red line above the green line within the Ichimoku cloud marks continued declines. The gbpchf is below all the important moving averages. Uncertainty in the UK weakens the pound. Uncertainty in the global economy strengthens the chf Target: 1.1480
Hello Traders, welcome to the Daily Forex technical analysis. Today is August 12th, 2019 and we will be taking a look at the British Pound against the Swiss Franc. Looking at the 1 hour time frame, price action is currently heading upwards towards the previous area of resistance at the 1.79 region. If price action can hold at this level and not flip bullish by...
trend line shows us that, we have down trend chart. so I am just seller and wait for bearish candles
Expecting Sell Entry to be triggered and price to continue in downward trend to hit TP area
Clear descending triangle pattern formed on the 1hr and clear on the 4hr timeframe. Price has already broken and now coming back for the retest to proceed further to the downside.
Looking at this pair we can see a descending triangle pattern on the 4hr time frame suggesting further continuation to the downside, targeting the bottom trendline which is also a low from a couple years back. Waiting for a correction to be formed before entering on the breakout.
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 !!
GBPCHF short intraday/swing trade setup based on down trend continuation HTF and price failing to break diagonal resistance.
hello guys and people as we can see here CHF is going weaker while GBP is going stronger so buy guys until we reach our target and good luck
Price under resistance Wait for 125.55 resistance retest Then PA confirmation and sell -> 123.85
possible pull back to fib 618 to continuation of down movement
GBP/CHF SELL SL: 1.2620 TP1: 1.2535 TP2: 1.2505 TP3: 1.2445