I spotted a nice trade according to my usual rules. Here are some confluences that influenced the trade:
1. A recent close of a market maker model.
2. Target Liquidity is a good distance away.
3. A market structure shift to signal the beginning of a trend change.
4. A fair value gap that accompanies the market structure shift, which shows just how strongly the...
GBPCHF - 24h expiry
There is no sign that this bearish momentum is faltering but the pair has stalled close to a previous swing low of 1.0895.
A higher correction is expected.
With the Ichimoku cloud resistance above we expect gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further...
My dear friends,
Please, find my technical outlook for GBPCHF below:
The price is coiling around a solid key level - 1.0940
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.0921
About Used Indicators:
The pivot point itself is...
Price has hit support and bottom of bullish channel, price is also close to Keltner channel for a bullish push. price is also above MA's confirming bullish continuation
I'm expecting buys on GBPCHF because the market has broken our bearish trend that was inside our trendline channel. The breakage of trendline means that the new trend is being introduced. In this case, a bullish trend has been introduced as the market is now going to retest the level 1.09506 which is our entry level.
Considering the continuation of the trend in the gbpchf currency pair and the failure of the previous floor, we expect a fall, so we will stay with the currency pair until the previous floor.
Here is our detailed technical review for GBPCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 1.091.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 1.098 level.
P.S
The term oversold...
Dear Friends,
I hope this message finds you well and that you're having a great start to the week. I wish you success in your business endeavors.
As someone interested in the Elliott Wave principle, I find it a valuable tool for analyzing the market. I have developed my approach by combining this principle with my personal experience and by considering various...
The GBP/CHF pair on the M30 timeframe exhibits a bearish channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Let's delve deeper into the details:
Key Points:
Bearish Channel: The price has been trading within a downward-sloping channel defined by two converging lines: a falling resistance line and a falling support line....
I have analyzed and seen the weekly and daily timeframe being bearish, these are the main timeframes, so I went to the four hour timeframe to look for opportunity to short, then I spot the resistance zone just below the 50 exponential moving average, now expecting a retracement to the moving average then take shorts.
Good Day everyone, here is an idea for a Short opportunity! Price has reach EMA and we will expect it will continue to going down.
Short now for a good 1 to 2 RR.
so far we are up for -1R(FEB)
JAN (6R)
This Month FORECAST
Opportunity for GBPCHF. This setup trading idea is for SWING. >> TAYOR
Risk Factors:
1. Market conditions, unexpected news, or external events could impact the trade.
2. Always use risk management strategies to protect your capital.
A sell position for GBPCHF
We will place a sell stop at the break of the previous HL and then SL at the HH.
The chart will be updated as the prominent HH is formed.
