I expect the price to have a small retrace into the ATR level marked, the trend is extremely bullish so we can't fight it but we can profit from the small pullbacks.
wE aRE FinaLLy $TarTing To See Sellers Coming In wItH CHF PaIr$ Plus This Pair Just Retested Major Daily Resistance & Failed::: Anticipating Either A Trend Change Or A PullBack. Either Way We Should Be Able To Take A fEW pIPS fROm tHE mARKET.. Expect A Slight Pu$H Up, tHen DoWn We Go TP & SL All On the Chart!!!
This hit TP yesterday on my previous posts for this pair. Want to see this retrace now for another chance to long. I have marked out the area for this to retrace to around 0.382 Fibonacci, we need to wait and see when this rebounds though as it is possible to drop further than this between 0.5 and 0.618, I think this is unlikely but its better to wait and be safe....
Wait for it!!... The Daily;
GBP has been correcting over the past few days against most, if not all pairs. This recently had a breakout above a big resistance level so the retrace was expected and should go back to this previous resistance which will now act as support. Anywhere from 0.382 and 0.5 Fibonacci will be a good longing position. We need to see the price start to turn first and the...
We are still very Bullish GBP so are only trading it against the weakest currencies at the moment. Our Currency Heat Map suggest we still need to be Trading GBPJPY and GBPCHF we also have been intraday trading GBPUSD
As previously reported on GBP/CHF this is breaking above the resistance. If this closes above resistance then look for a retrace to support before entering a long. TP is 1.25320 which is the next resistance level. Use 4HR and 1HR timeframes and MACD and EMA to help time the entry. I will make another idea with shorter timeframes if this starts to retrace to support.
GBPCHF, Break out Strong Trend line and meets strong Daily Resistance!
This has clearly been ranging between the levels marked. It may continue to do this but I am only looking to trade this if it breaks above the resistance, then a long can be taken when it retraces and tests this previous resistance which will be turned support.
GBPCHF is moving while respecting Trend channel (Bearish channel) and I am saying that GBPCHF will buy after a break of trendline resistance, Remember that price has already tested the stong level of support from here it can buy and break the bearish channel easily , So the way in which we will be approaching this is always being reactive and not predictive
Market (MKT) may test its support and lower trenline to bounce back to resistence.
I suppose GBPCHF will increase from the point shown in the idea post to the higher levels in daily timeframe.
Hi Traders, I am in long position in this pair due to demand zone. Good Luck