After a strong impulse to the upside price has been moving very laterally in a correction.
Once the correction is complete expecting price to push to upside aggressively
at least tagging the highs north of 1.3100
Price could take off at any moment from here.
Ignoring any downside moves for now. Would like
to see price correct deeper for a better price.
Trade...
Gbpchf has retraced back to a daily trendline which we may see the bears take over for the next 10-20 days ? if the market conditions are slow it may take months
Hello! Thank you for the support.
Price safely arrived in the supply zone. I will be entering short with the take profit level @ 128680. Goodluck everyone!
Regards. AK.
Trading Criteria:
Regardless which way you want to trade, look for minimum five 4hr. candles in consolidation zones (yellow border boxes), or five daily candles for solid yellow boxes. If you're a pattern trader or pinbar trader, this might be useful here.
Wait for the breakout of the 4hr. consolidation or daily consolidation from red border boxes to take the...
AS you see in our chart that GBPCHF touches the down channel and gives us a great opportunity to sell now.
The RSI indicators also touches the 64.00 resistance level.
I think the pair will target 1.2830 next hours
Good luck
Hi. We have tonnel on GBPCHF 1d. Now price near the high line, so i expect down moving.
On 1D this tonnel can be bullish flag, so be carefull. On other side i was looking for similar flags on this pair chart and haven't found.
I'm just a guy from the street. Use this info as additional, not as signal.
I'm looking for partners of chart-lovers. Please if you...
Inspired by an indicator I found on stevehopwoodforex.com and the endless possibilities of tradingview.com I came up with this currency strength visualisation concept.
*Please hit the zoom-out button once*
(or more if you're feeling wild)
This may look like a mess, but the last few "bars" on the chart are holding some useful information!
I'm sure I'm not the...
Hi there.
GBPCHF has made nice bullish wave from bottom But we believe that it is still in longer term bearish trend and we can see one more bearish wave before we are going to see reversal on GBPCHF.
Lets come to the point.
How you can trade on this chart.
1. Price forming correction on lower time frame like 240 watch that correction to breakdown and...
The British Pound vs. Swiss Franc cross is a lower volatility pair that is tempered by the currencies' economic and geographic proximity. The British Pound is one of the premier reserve currencies and represents the world's largest financial center. In turn, the Swiss Franc is used as a reserve currency around the world and is currently ranked rarely 5th or 6th in value held as reserves after the United States dollar, the euro, the Japanese yen, the pound sterling and the Canadian dollar.
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