GBP/CHF SELLSelling from rejection of the daily resistance, scaled down and entered on a 15m orderblock Shortby mitchpeaceforex2
#GBPCHF buying opportunityHello dear traders and friends, let's take a look at this chart and explore the potential buying opportunity. As observed in the chart, we have a clear bullish market structure. Therefore, as long as the price remains above our horizontal arrow, which marks the 1-hour timeframe low in the market, as well as the previous day's low, we are interested in taking long positions. In addition to the market structure, other confluences include the price being above the 1-hour and 4-hour timeframe EMAs, and above the 4-hour timeframe bullish trendline. This recent bearish move could also be viewed as a pullback to the bullish trendline, as indicated in the chart. With the market structure in our favor and supported by a cluster of bullish confluences, we have sufficient confidence to open a long position in this pair. I'll place my stop-loss just below the arrow line because if the price is able to go lower than that, it would signify a break in the structure to the downside. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.Longby mohemati224
GBPCHF - Breakout from Falling Wedge and Super Trend CrossoverGBPCHF has broken out of falling wedge pattern and climbed over bearish super trend range as well. We can expect it to go bullish now.Longby marazzaq62Updated 0
Short on GBPCHFI am entering a short position on GBPCHF as we're hitting a resistance zone on the 4h timeframe.Shortby mahmoudmahdi242
GBPCHF to find sellers at market?GBPCHF - 24h expiry We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The current move higher is expected to continue. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 1.1120 (stop at 1.1160) Our profit targets will be 1.1020 and 1.0895 Resistance: 1.1130 / 1.1210 / 1.1265 Support: 1.1025 / 1.0895 / 1.0830 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.Shortby OANDA6
GBPCHF BUYSFibonacci trade break above resistance/ retested and now support anticipating a strong drive to the upsideLongby GiovanniEx0
GBPCHFGBPCHF Buy (Analysis at 1 hr) Buy Entry intact at 1.10651 - HL at support SL,TP mention in chart Longby SignalEdgeUpdated 1
GBPCHF - Make Me Confusseedddddi think GBPCHF will back to bullish but it so confussedd what do you think guys, please share your analysissss dyor disclaimerLongby dorissim2
WEEK 46 gbpchf If price stays under this zone i will be looking for more sells until the low is broken.Shortby AlwaysMakingP0
GBPCHF Sell.GBPCHF Sell. Double Top with Buy Climax. Ideally would like to see a Rejection at top of Range - but sometimes its missing. Divergence. 3x move if it goes. Shortby jforex780
GBPCHF Shorts#This one is personal XDD #REPOST Market structure Bearish on Higher time frames Potential Market will retest the strong Level of Support which held for over a year which was finally broken 2 weeks ago (The retest occurred and they took me out the first time) There is a lot of rejection in the AOI Entry at Daily AOI Daily Rejection candles Daily Head and Shoulder Pattern Strong H4 Resistance H4 Forming LHs REMEMBER: Trading is a Game Of Probability : Manage Your Risk : Patience Pays : Every Moment Is Unique : Rinse, Wash, Repeat! : Stay Hydrated #Follow#Share#Comment#Boost Weekly Outlook Daily Outlook Shortby mobbie_zwUpdated 2
GBPCHF short, TF=H2Price has returned to load zone marked by yellow square. entry: now TP: 1,09321 SL: 1,11606Shortby budyniozo0
gbp/chf bearishgbp/chf market has been bearish for a while in higher and lower time frames, we notice a strong trend line being respected, price has come back to a previous support zone which is now acting as resistance and the stochastic indicates market is over bought, i placed some sell positions here, we'll see how it goes!Shortby al0kin0
GBPCHF Trade IdeaGBPCHF Trade Idea Each zone acts as support (we buy upon confirmation) if the market is above the zone & each zone acts as a resistance (we sell upon confirmation) if the market is below zone.Shortby itmecrypomania2
GBPCHF: Looking like a fake out and drop to meI see GBP as continuing to be weak, poor GDP data last week, hikes expected to be over, and expecting to see some CHF strength. BoE interest rates this week, but with the market expecting hiking to be over, I don't think it matters what happens, sterling will fall. We saw a move above my descending trendline, seeing this as possibly a fake out - we've broken back through my support, now resistance line which would suggest a fall back down to recent lows here.Shortby Finchcliffe118
GBPCHF Long Term Buying Trading IdeaHello Traders In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET today GBPCHF analysis 👆 🟢This Chart includes_ (GBPCHF market update) 🟢What is The Next Opportunity on GBPCHF Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the ChartsLongby ForexPlanet204
GBPCHF IdeaTechnicals: We can see price has created a resistance a left a clean top, pairing this with the MACD showing bearish weakness and DSS heading into 'oversold' territory I expect a pullback to test resistance again, forming a double top. Economics: The GBP has been one of the worst performing G10 currencies, a real change is required by the Sunak Government in order for investors to view the GBP in better light. The CHF has been performing and holding it's ground much better compared to the GBP. This is a clear weakness vs strength trade. Shortby ETCJames1
Short OpportunityIf the market closes below 1.10, I will likely take a short position with a stop over the high of 1.1058. I'm expecting some sideways movement before we see a significant break. Major news is expected on Tuesday, and we will probably see even bigger movements in the middle of the week.Shortby mrbro19790
GBPCHF - long trade ideaGBPCHF My perspective on GBPCHF 4 hour - As we can see price couldn't break the swing low, and started an uptrend. And then broke the swing high which is a major support and resistance level. The pull back came down to retest this level as well as the 50 EMA. As a mentioned in the previous analysis, we should have to wait for this candlestick formation on the higher time frame.Longby gergo_Updated 1
GBPCHF - TIME to DEEP !this analysis just base on basic technical analysis i can't explain much i just take a short because break support. disclaimer. how you guys see? same with me ?Shortby dorissim2
gbpchf sell trade- The GBPCHF pair has been in a downtrend since the beginning of October, when it reached a high of 1.1235². Since then, it has been making lower highs and lower lows, forming a descending channel on the 4-hour chart³. - The pair recently broke below the 50-period exponential moving average (EMA) and the 1.1100 support level, indicating a bearish momentum. The 50 EMA is now acting as a dynamic resistance, while the lower boundary of the channel is providing a potential target for the bears. - The pair is also trading below the 200-period simple moving average (SMA), which is another sign of a long-term bearish trend. The 200 SMA is currently around 1.1150, which coincides with the 61.8% Fibonacci retracement level of the last major swing up from 1.0985 to 1.1235². This level could act as a strong resistance if the pair attempts a pullback. - The relative strength index (RSI) is hovering around the 30 level, indicating that the pair is oversold. However, this does not necessarily mean that a reversal is imminent, as the RSI can remain in the oversold or overbought territory for a prolonged period of time during a strong trend. A break above the 50 level would be needed to signal a possible change in the momentum. - The stochastic oscillator is also in the oversold zone, but it has not yet crossed above the 20 level, which would indicate a bullish divergence. A bullish divergence occurs when the price makes a lower low, but the stochastic makes a higher low, suggesting that the selling pressure is weakening. A bullish divergence could be a sign of a potential reversal or a correction. - The MACD histogram is negative and below the zero line, confirming the bearish bias. The MACD line and the signal line are also below the zero line and moving further apart, indicating an increase in the bearish momentum. A bullish crossover of the MACD line and the signal line above the zero line would be needed to signal a possible shift in the trend. In conclusion, the GBPCHF pair is in a bearish trend, and the technical indicators suggest that the trend is likely to continue. The pair could face some resistance around 1.1100 and 1.1150, but the overall outlook is bearish. The pair could target the lower boundary of the channel, which is currently around 1.1000, or the next support level at 1.0985. A break above 1.1200 would invalidate the bearish scenario and indicate a possible reversal. Source: Conversation with Bing, 10/11/2023 (1) GBP CHF Chart - Investing.com. www.investing.com (2) GBP to CHF — Pound to Swiss Franc Rate — TradingView. www.tradingview.com (3) 1.00 GBP is equal to 1.10 CHF. bing.com (4) GBPCHF Chart - Live Forex Rate - Live Charts. www.livecharts.co.uk (5) British Pound to Swiss Franc Exchange Rate Chart | Xe. www.xe.com (6) GBP/CHF Price Chart & Exchange Rate History - eToro.. www.etoro.comShortby Mansa_Musa_Capital225