Swiss
GBPCHF Long 300 Pips!Hello Traders,
Here we have a GBPCHF long trade idea. If you like this idea please show your support!
GBP
This trade idea is based off the fact that the Pound (GBP) is reaching a weekly low since the end of September 2021. We are expecting some strength as this is approaching a structure level & this will give us a double bottom reversal pattern indicating we are expecting a possible reversal which we do not want to miss!
This GBP weakness can be seen across other GBP pairs, for example GBPUSD below :
In the chart above you can see a very long wick in the candle indicating less seller and more buyers in the market, this is key indication of a potential reversal as we can see a lot of weakness in the trend and price is struggling to push down any further. This may be another pair you want to consider taking a look at as this also has a very similar potential to GBPCHF.
CHF
Swiss Franc (CHF) weakness can be seen as price is hitting resistance in its bull run and we can see much weakness across many CHF pairs, for example my previous USDCHF trade idea I shared last week has made progression, but the price as returned to the entry point due to slight CHF strength however this gives us this opportunity to enter in this other pair.
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Please trade with caution and make sure you set your stop losses! Happy Trading 😁
Be sure to check out my other ideas below!
CHFJPY: Key Weekly Resistance & Correctional Move 🇨🇭🇯🇵
CHFJPY is trading in a bullish trend.
Higher highs & higher lows are respecting the boundaries of a major rising parallel channel.
This week its resistance was reached.
I will expect a correctional move.
Support levels to watch:
122.7
121.2
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aussie swiss, kangaroos will be eating emmentalinverted H&S spotted, it broke the neckline. i think that it will retest the neckline and the uptrend structure that at this point are very close. this level coincides with a 61% fib correction of the move too.
target is the projection of the "head", that coincides with the 161%fib extension.
i will place my order at 0.683, the sl right below the 38% fib retracement at 0.674, targeting 0.709, just bellow the 161% extention.
i guess that this is not financial advice bla bla bla, it's just what i'm gonna do.
trade safe and risk mannage like if your life depended on it.
EURCHF - Wait For The Trigger!Hello everyone, if you like the idea, do not forget to support with a like and follow.
EURCHF is sitting around a daily support zone so we will be looking for buy setups on lower timeframes.
on H4 / H1: EURCHF formed an inverse head and shoulders pattern but it is not ready to go yet.
Before we buy, we want the buyers to take over again.
Trigger => Waiting for a momentum candle close above the gray neckline to buy.
Meanwhile, until the buy is activated , EURCHF would be overall bearish can still trade lower inside the green support.
In this case, we will be looking for new buy setups to form as long as price doesn't break the zone downward.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBPCHF: Potential Long Trade Explained 🇬🇧🇨🇭
After a strong bearish movement,
GBPCHF formed a cute double bottom formation on 1H.
To trade the pattern wisely, wait for 1.2574 - 1.259 neckline breakout.
We need an hourly candle close above that.
Then buy on a retest.
Goal - 1.2635
Stop - 1.2535
In case of a bearish violation of the pattern's lows setup will be invalid.
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Eido = PNT PnetworkHere we go, this is a time for up.
Good acculumation, good chart and good swiss project !
Is it time for EU stocks to outperform US stocks again?Over the last years there were periods when US stocks outperform EU stocks and periods were EU stocks outperformed US stocks. Almost like a perfect oscillation. Currently EU stocks have been consolidating for quite some time and especially German stock, so maybe all stocks do well and EU ones do better. The secular trend when adjusted for EURUSD rates too, is still down for EU up for US, but in the short term EU ones look better.
I should just say EU ones, because Swiss stocks also look fantastic. They've been actually doing very very well and they look a bit like the DAX. Since 2000 DAX is up 100% vs EUR and 145% vs USD. SMI is up 45% vs CHF and 155% vs USD.
So to me there are two scenarios here as I don't think there is much downside. These stocks are somewhat undervalued both against themselves and against the US stock market, plus the ECB is really printing money and rates are super low which makes the stock market much more attractive than anything else.
USD/CHF:BEARISH CHANNEL|PRICE ACTION+FIBO ANALISY|SHORT SETUP 🔔The forecast for the USD/CHF remains bearish after price action moved below its Ichimoku Kinko Hyo Cloud, which has taken a bearish bias, expected to increase selling pressure. While volatility is likely to increase over the following few trading sessions, the Tenkan-sen and the Kijun-sen show signs of rising bearish momentum.
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Have a Good Day Trading !
EUR/CHF FORECAST FUNDAMENTAL ANALYSIS | SHORT TREND SETUP 🔔German Factory Orders for April are predicted to increase 1.0% monthly. Forex traders can compare this to German Factory Orders for March, which increased 3.0% monthly. Spanish Industrial Production for April is predicted to increase by 12.6% annualized. Forex traders can compare this to Spanish Industrial Production for March, which increased 12.4% annualized. Eurozone Sentix Investor Confidence for June is predicted at 26.0. Forex traders can compare this to Eurozone Sentix Investor Confidence for May, reported at 21.0.
The Swiss CPI for May is predicted to increase 0.3% monthly and 0.6% annualized. Forex traders can compare this to the Swiss CPI for April, which increased 0.2% monthly and 0.3% annualized.
The forecast for the EUR/CHF remains bearish with rising inflation and a weaker-than-expected global economy combining for a turbulent summer. Interest rates may rise sooner than communicated by many central banks, adding to the debt problem.
Can bulls extend the sell-off in the EUR/CHF and force it into its horizontal support area?
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !
short GBPCHF to 1.2650No nonsense approach simple clean price action trading all info in picture apart from the strategy (use your own SL according to your OWN risk management
THIS IS NOT FINANCIAL ADVICE, MY OWN ANALYSIS FOR PERSONAL USE)
Direct Message me for info.
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looking to make a change in all this guess work, want to make money and grow confidence when trading, let me know.
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