Hello Traders, here is the full analysis for this pair, drop a like to support the creation of more free analysis and let me know in the comment section below also if you have any questions
Very simple and straight forward analysis but we have to be very careful . I expect some extension to the trend line above before dropping sharply.The marked area is our monthly 38.2 fib level that we expect the market to extend to because the market is moving in steps ...so we will be waiting for double top or a push and exhaustion before going short ..HAVE A...
GBPCHF Chart analysis: daily chart shows a blue channel,
near the blue channel on the trend line is a wave
of the 78.6% drop in before, and see a potential
ABCD model, then,
trade plan: waiting on the trend line near the
support for more sellers,
if the market give us more profit,
the program will continue to follow the chart!
The entrance way depends on...
You are not going to fool the bears of the GBP. That Brexit deal is not going pass through parliament. It is worse than May's past deals and has received criticism from big-time pro-Brexiter Nigel Farage: "not great, not new, and NOT Brexit." High volume showing resistance around 200-Day SMA. Just because the rest of Europe likes it doesn't mean it is favourable...
Hello Traders, here is the full analysis for this pair, drop a like to support the creation of more free analysis and let me know in the comment section below also if you have any questions
I am expecting to see a reversal and a retracement on GBPCHF as indicated in blue on the chart above. I will be trading the retracement and will then be looking for a reversal confirmation in order to complete wave 4 to the upside on the weekly time frame.
Happy trading!
Linton White
JP Markets
South Africa
Tendency: Downtrend (Bearish)
Structure: Harmonics
Observation: i. Price is presently finding its bearing at the support zone @ 1.26200.
ii. The wicks at the bottom/top of the candle emphasize the...
Price has been multiple times rejected from trendlne above price... we may see price again been rejected from same trendline if it reaches higher...or today it may just move lower towards support before rising on tomorrows vote in british parliament..
The daily chart tells us about the downtrend. It means that for getting more reliable signals, it will be better to search for sell opportunities using lower timeframes. In this post, we will talk about two possible entry zones for sell trades.
The 1st entry zone is below the local swing low and 1.21000 support level. If the price breaks this support, it will be...
GBPCHF is approaching a wide zone of supply.
+ Pattern completion point of a bearish harmonic ABCD lies perfectly in this area.
I will be looking for a signal inside this area to short the pair.
Target levels: 1.212 1.201
Stop - 1.239
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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