Respected followers, as we can see that GBPCHF has rejected its trend line on thursday which was support line accordingly trend line. So in this way we can see further upside move in GBPCHF. Reward ratio is 1:2 which is too good.
GBP/CHF has broken the 50 EMA on the 4H chart and is currently finding support on top of it. We can wait a bit more for the confirmation of the up move and enter in the move. Trade safe.
PRICE IS IN AN ASCENDING WEDGE ON THE WEEKLY PRICE PREVIOUSLY BROKE THE 134500 LEVEL TO TEST THE TREND LINE AND NOW ITS HEADING IN THAT DIRECTION AGAIN THERE ISA MINOR RESISTANCE IN THE 132500 AREA THAT HAS BEEN TESTED 4 TIMES. i WILL BE WAITING FOR PRICE TO BREAK OUT OF THE RESISTANCE AND HIT THE 132800 LEVEL BEFORE GOING LONG ON THIS PAIR OR I WILL JUST...
Is it a Bearish Wedge or is it 3 Rising Valleys? Look for the Breakout Buy or break below and small retest for a Short.
It seems GBP/CHF reached it's strong resistance price @ 1.34689. There is a good opportunity to retrace price until nearby support@ 1.32519.
CHART TIMEFRAME: 4 HOURS PATTERN: BEARISH SHARK PREDICTED PRICE ACTION: GBPCHF will complete Bearish Shark Pattern at D Leg 1.34230. Possible retracement to Fibonacci 38.2 and 61.80. DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
GPBCHF is Standing on D1 Resistance zone There are several reasons to short this pair Reason 1: D1 Resistance Zone Reason 2: Triple Top ? (If Current D1 candle closes as Bearish "Engulfing" Reason 3: H1 Ascending channel downside Breakout Reason 4: Bearish RSI divergence Reason 5: If Price pulls back to 1.3390-1.3410 and forms Bearish Price action candlestick...
going long here, i think we should test previous swing high here
GBP/CHF 1D Chart: Heads towards 55-day SMA The British Pound is simultaneously fluctuating against the Swiss Franc in three different patterns. The largest ascending channel started to form a year ago and nowadays consists of three reaction highs and two reaction lows. The medium ascending channel represents a fragment of the dominant formation and is lying...
Today at approx 2:45am EST the CHF will be releasing some economic data regarding the consumer climate (SECO) which is important and can effect inflation. I see an opportunity to take this part short as it will boost the overall strength in the CHF currency, and we already know base don the economic conditions in Great Britain the GBP is weak
With the release of the Rightmove House Price Index this morning showing falling house prices in the UK we still have no reason to be bullish on the Pound. GBPCHF has been in a strong downtrend of late, indicated by the lower lows and lower highs on our chart. We are looking at a very simple swing trading opportunity here by selling at the Weekly Central Pivot...
This trade is not active yet. buy once we break the minor resistance line.
Hi Guys So I think we've got an upside down H&S pattern forming, whch looks clear to me on the 2H + 4H charts. If someone can kindly check and confirm the same, I would appreciate any comments. I've measured and marked out with pink arrow + green target zone based on length of Head from neckline. This research is for informational purposes and should not be...
Two days ago, we've seen the Great Britain Pound rise towards all of its pairs due to the decline of the Dollar... except from the Swiss Franc. After my re-analysis of this pair (see my previous analysis at my Link to Related Ideas), I've seen another trend line on play at daily. Despite the ongoing ascending trend line , there is still a trend line on 4-hour...
A bearish fakey pin bar confirmation has occurred yesterday. However, despite this, there are several supports on the path for this pairs decline continuation. Freshly below the daily 200 sma, we can see that this pair has already broken below a strong support -- but a strong support still waits below.
Hi folks, I meant 'tested' but texted is more interesting? haha... I am long the GBPCHF (again) and for the same reason as yesterday (see the link post for details). Support for this pair continues to hold even after being tested. This 'should' mean higher prices. I hope we don't have to wait for GDP for a decent move. My level are on the chart. I'll update if I...
Hi folks, the GBPCHF should move higher over the next day or so. Resistance if gone. I was waiting for 1 hour confirmation and I got it. This is a pretty basic trade, but sometimes those are the best trades :D I am long @ 1.2449, stop @ 1.2404 and my target is @ 1.2571 Trade safe and keep an eye on news.
A flash back on one of my favorite trade. Overview of the next trend determination. Self explanatory imaging. Original set up