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Gbpchfsignal

GBPCHF | Perspective for the new weekEnjoying a 250pips run in our direction on my last publication (see link below for reference purposes) on this pair, It appears we have another trading opportunity here-with. The Pound to Swiss Franc (GBP/CHF) exchange rate holds steady as the price continues to respect Demand level @ Fr1.19300 in the last couple of weeks. Even though the Sterling continues to struggle against many of its peers, Chancellor of the Exchequer - Rishi Sunak unveiled a £4.6 billion relief packaged for the retail and hospitality sectors which "might" be a buffer as I am expecting an appreciation in value in the coming week(s) despite a possible Swiss National Bank (SNB) intervention reiterated at their recent policy meeting of 2020. Tendency: Uptrend ( Bearish ) Structure: Double Bottom | Breakout | Supply & Demand | (50/61.8%) Retracement Observation: i. We experienced a successful Breakout of Fr1.19500 (23rd Dec, 2020) followed by a rejection of this level twice! ii. Demand level @ Fr1.19500 has been holding strong for buyers in the last 13days as expectations of Higher Highs build up. iii. It is also worthy to note that demand level is holding a 50% retracement (with the possibility of hitting 61.8% open) of the Impulse leg after the Double Bottom @ Fr1.17200. iv. It is pertinent to state here that our "caution" tentacle MUST be on standby as we might expect retracement into Fr1.18560 for a buying window. Trading plan: BUY confirmation with a minimum potential profit of 220 pips. Risk/Reward : 1:3 Potential Duration: 3 to 7 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
GBPCHF | perspective for the new weekHopes of Brexit deal wanes again; GBPCHF sinking back towards lows as it finds a haven for selling pressure around Fr1.20300. Tendency: Downtrend ( Bearish ) Structure: Breakdown | Supply & Demand | Harmonic (AB = CD) Observation: i. Since completion of Double Top pattern in late Nov. 2020, price continues to risk further decline. ii. Previous safe haven for Buyers was finally broken last week as price tested Fr1.19100 before making a corrective move. iii. As price touches 50% retracement of AB leg, a possible Harmonic pattern AB = CD appears to metamorphosize in the coming week(s). iv. AB = CD pattern shall guide me through the path price action takes in the coming week. ii. ABCD pattern parameters explained below; a. Impulse A-to-B will be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 50% currently (with a possible 61.8 or 78.6% in the future)Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext. of the A-to-B move. Trading plan: SELL confirmation with a minimum potential profit of 250 pips. Risk/Reward: 1:3 Potential Duration: 1 to 5 days NB: This speculation can be considered to make decisions on lower timeframes. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including foreign exchange trading, CFDs, etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Short
by darcsherry
Time to short GBPCHF?GBPCHF has alligned perfectly for a correction here. We saw impulsive movements earlier in the month, which are now followed up by a corrective phase. As of now, we are bearish as GBPCHF rejects off the 61,8% fib level and is signaling a drop soon. Should we see price exit the rising wedge, we could safely enter, but for those interested in an aggressive entry method, like me, we go in now with a stop loss above the previous High. Let's see what this pair can bring us in.
Short
by Faizxn_ah
Daily Update- Sell -GBP/CHF-- W1Disclaimer: the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management. _______________________________________________________________________________________________________________________________________________________ Thank you for your support!
Long
by morshedul-munna
GBP/CHF LONG IDEAHey tradomaniacs, welcome to new free trade-setup. Notice: This is meant to be a preparation for you! As always we will have to wait for a confirmation! GBP/CHF: Daytrade-Preparation Market-Buy: 1,18000 Stop-Loss: 1,17520 Target 1: 1,18505 Target 2: 1,18700 Target 3: 1,18970 Target for One-Target-Trader: 1,18700 Stop-Loss: 48 pips Risk: 0,5% - 1% Risk-Reward: 2,05 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me. Any questions? PM me. :-)
Long
by Trading2ez
1
GBPCHF NEXT TRADE SETUP(LONG BUY)Its looks like it made need to do a small correction sell direction with corrective setps movement before continuing climbing towards Long. We have some bearish divergence on the 1 minute time frame with the MACD crossing above.Its rising in the smooth Uptrend. As the price bounced from the trend line we establish Support zone there and after the bounce from the latter and Bullish Engulfing expect the pair to rise, good chance to capture good pips but as you can see D1 & W1 time frame it has beraish moves continuously . Entries should be applied if all the rules are applied. Do below comment us for instance.
Long
by TradingSwirls