I see this pair selling from the point it is at. I see a change of character which will also result in a continuation of the bigger bearish trend. I also see that that price is losing momentum, thereby accommodating the bias formed. I have used a tight trailing stop loss of 20 pips.
I have a Sell limit @ 1.14800
SL @ 1.15000
Final TP @ 1.13900
tp1 @ 1.14332
I don´t like the pairs with 2 european currencies because sometimes you need to wait too much to see the movements.
But here you have what we can expect in this pair.
The pair is maximum zones, so normally the price fall first.
good luck.
GBPCHF is in continuous upward momentum. A bullish continuation flag pattern has formed. A breakout of the high gives a good buy opportunity for good gains.
The current price of GBP/CHF is testing the upper limit of a zone where it has been repeatedly rejected in the past, suggesting a potential upcoming bearish movement. This prediction is reinforced by a significant rise in Switzerland's April Consumer Price Index (CPI), which exceeded expectations by reaching +1.4% compared to the anticipated +1.1%. The initial...
Take a look at our analysis for GBPCHF.
Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 1.143.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.138 level.
P.S
Overbought...
GBPCHF is currently trading in rectangle after bullish trend, there is no diversion on RSI so we can expect the continuation of bullish run. We can enter into the trade after breakout of rectangle.
after analysing the chart patterns on different time frames. like the 1,2 and 30 mins i spot the resistant and the support levels. first support. 1.14300 in 2H time frame and possible next place is 1.13950 esp on the 1H,2H,4H, time frames
GBPCHF has retreated towards the minor support near the 1.1334 level. This reversal indicates that the price has begun to recognize this level as a buying opportunity, suggesting a strong, steady pullback towards the initial resistance observed previously.
Following this pullback, we anticipate another bearish movement as the highlighted zone is respected as a...
Long-term time frames (1 week to 1 year):
— Shows the big picture, revealing major trends and economic factors.
— Less volatile, price movements are slower and smoother.
— Suitable for long-term trend trading and position trading.
— Requires less frequent monitoring but may offer fewer trading opportunities.
Hello,Friends!
GBP/CHF pair is in the downtrend because previous week’s candle is red, while the price is clearly rising on the 8H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.131 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is...
SELL GBPCHF for trend reversal
update
SELL GBPCHF NOW ✅
STOP LOSS : 1.1505
From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too...
there is...
GBPCHF Stable Uptrend Trend Continuation Trade
1. Weekly Uptrend
2. Strong bullish momentum candles on Daily TF
3. No important news in upcoming days
4. Price above 200 MA
5. Price above 2 MA's
6. Structure HH-HL-HH-HL
7. 2% Risk - 4 x 0,5% with different stop loss placements, same take profit.
8. R:R min. 1,5:1, max. 6,5:1
9. Exit on structure break/strong...
Analysis Week - 22 Apr 2024
Daily - Range
Cloud (D) - Above Cloud
Weekly - Range / Bullish
Cloud (W) - Above Cloud
Mid Term - Bullish
20 x 50 D SMA - Above
50 x 200 D SMA - Above
Could this be a possible BUY for GBPCHF?
The market is currently reacting to a major structure.
4HR TF is showing some sort of bullish sentiment coming in.
Let's see how this will play out
GBP/CHF is falling towards the support level which is a pullback support that aligns with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.13646
Why we like it:
There is a pullback support level which aligns with the 23.6% Fibonacci retracement.
Stop loss: 1.12950
Why we like it:
There is a support level which aligns...
Stable uptrend continuation trade.
1. Price above 200 MA
2. Price above 2 MA's
3. Stable and healthy uptrend with bullish momentum candles
4. Currency Strenght Meter confirmation
5. Trend Following Indicator confirmation
6. 4 different Stop Loss levels not to get stopped out
7. Different R:R Ratios (Minimum 1,5:1)
8. 2% Risk, 4 x 0,5%
9. Targeting Weekly High
10....
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.1394 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 1.1339
Safe Stop Loss - 1.1430
About Used Indicators:
A super-trend indicator is plotted on either above or...
