Following a careful examination of trend exhaustion and RSI levels, Uncle Jake provided thoughtful counsel and suggested considering various factors before making a Buy decision.
In the ever-evolving landscape of forex trading, GBPCHF has recently caught our attention with a significant daily breakout below the 1.09500 level. This development opens up a dual trading scenario to consider:
🔹 Short-Term Bullish Retracement Possibility:
There's a potential for a retracement up to the 1.09800 level.
Traders eyeing short-term gains might look...
USD/CHF Long
• If price pushes down to and ideally just below our area of value, then regardless of how it does so I'll be waiting for a subsequent impulse back up on the one hour chart followed by a tight two touch fifteen minute flag and then I'll filter the latter on the five minute chart and be looking to get long with either a risk entry within it if the...
Sellers responded to the supply zone in the 4H time-frame and the price started moving downwards forming a lower highs and lower lows, waiting for the best entry.
Waiting for a retest at 1.09702 to short GBPCHF back to key Daily swing low at 1.06772
If you agree drop a like and if you have any questions leave a comment :)
The GBP/CHF Breaks the support line, could head for the weeks low, which will likely act as support for the next leg upwards. Watch the Chf Franc Futures for clarity. Chris
Hello,Traders!
GBP-CHF keeps growing and
The pair looks locally overbought
So after the pair hits the
Horizontal resistance level
Of 1.1082 I will be expecting
A local bearish correction
Sell!
Like, comment and subscribe to help us grow!
Check out other forecasts below too!
If any one look at this just like to said this is for my personal purpose education, thank you!!
All time Chart shows a Bearish trend, but its actually on weekly and Daily looking bullish,
Correlation on making a decision to short:
-High of previous accumulation
-78.60 Fib retracement
-the high of a new bearish posible forming
-even a good point...
#GBPCHF
UPDATE
Hey team hope you all are enjoying our ideas and analysis . Now we are here to discuss about GBPCHF. GBPCHF is making Descending Channel pattern. And waiting for breakout. After breakout we can see gain upto 200Pips+. Keep in touch we will update further soon. Always Trade with Confidence ✅💯
Hello everyone ...
market is on clear buy trend . you can enter on this support if price break this support then next nearest support to buy..
Use good RISK management only thing important in Trading is how you manage your trade...
WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT..
.. good luck..
GBPCHF: If the SNB will stop price manipulation
Over the past year, we have seen that the SNB manipulated the strength of the CHF to maintain a lower inflation rate.
Yesterday we saw another quick sell-off across all CHF-related currency pairs.
Maybe it was the SNB again because the move was bizarre.
However, given that GBP recovered quickly this time, I think...
GBPCHF could fall towards an overlap support and continue the downtrend, reversing to our take profit level.
Sell entry is at 1.09333 which is an overlap support level.
Stop loss is at 1.09998 which is an overlap resistance level.
Take profit is at 1.08063 which is a swing-low support that aligns with the 61.8% Fibonacci retracement level.
High Risk...
We are in a good SALES area in this pair, we can enter the market in areas close to 1.09827📈📈
success to all, visit my profile in Spanish to see the other operations✅ 😄📲
COME ON!
Hey Traders, this is quite (for now) a clean structure. We are clearly in a DAILY DOWN TREND, so let's try and SELL no ? For now nothing show a REVERSAL, and I find this deserves a try. As always I will keep you updated about GBPCHF right here !
You like my ideas ? Please comment, boost and follow !
13 Starz Trading 🌟
Hey guys, I am here again with analysis for the week, swing trades.
I am seeing alot of sells in many pairs anyway, I just hopped into this trade now with proper risk management, Weekly, daily timeframe is currently in a downtrend and a bearish engulfing 4h would confirm the sell, but I already took a sell based off on 3Hr.
Kindly tell me what you think about...
