On daily plotting, GBPCHF has formed double top pattern with top 1 at 1.3115, top 2 at 1.3172 and neckline at 1.2758 levels.
The pair formed shooting star pattern at 1.2785 and 1.3040 levels (on daily and monthly respectively), the bears have managed to drag the downswings ever since then. It has now breached below neckline with intensified selling momentum.
On ...
GBPCHF is approaching its support at 1.2661 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 1.2706 (100% Fibonacci extension, 50% Fibonacci retracement, horizontal swing high resistance).
Stochastic (21, 5, 3) is approaching its support at 5% where a corresponding bounce ...
If You have a different point of view Please kindly comment or post your chart image below and Substantiate.
*Note this my projection of price behavior and may be used for trading purpose, However CFDs are complex instruments and involve high Risk and may not be suitable for all investors. Past performance does not guarantee future results. All predictions are ...
Hi there,
GBP pairs are under pressure because of the brexit deal. We are expecting strong breakup and rise on GBPCHF in coming days.
How you can trade on this chart.
1. There is a flag on lower time frame like 1hr watch for that flag to break up sharply and look for buy. We are already in from bottom and now looking to add more.
Or
1. Wait for the price ...
Price approaching resistance structure 1.28500 where a reversal back to the downside could take place as price is in a downtrend making lower lows & highs.
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 ...
GBPCHF Sell Setup — Descending Triangle Breakout
Looking for a retest and rejection of the previous support zone.
Details are on the chart.
Happy Trading!
Hi there. Still the same pattern, still the same view. Watch strong price action at the current price for buy. There are important brexit news for this week. Trade with care.
I found this Shark pattern. There are 2 possible D points.
Look for a Reversal pattern at the D points, like a Double top or Head and Shoulders.
If there forms a Reversal pattern it is probably the D point.
Don't take this trade, i dont know what is going to happen, this is just an idea!
Might take a week or two for this but it is great to be aware of going into 2019.
As usual, I will look for bullish reversals or setups on the 4HR for my entry
Price at support
Previous candle showing signs of bullishness but bear is still controlling the price
Will be waiting for an aggressive buying to be seen before entering a trade.
Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. We may or We may not take the trade.
The risk ...
Hello traders.
As you can see, my expectation is one more up impulse for the completion of a running or an expanding flat.
That's why I was looking for long trade setups. We have already taken that trade in the group. Sorry about such
a late publishing of this idea, but I wasn't expecting such a quick impulse. As you can see, it broke the trendline.
Now, you ...
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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