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.
HELLO FRIENDS As I can see this pair is still looking for more downside on the base of weekly downtrend retracement is done now I am expecting a fall in this pair to get fill the wick so our R>R is great on this trade its just a trade idea do a proper analysis before in to any trade we apricate Ur comments and view on this chart Stay tuned for more updates
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.
H4 - Bullish trend pattern. Currently it looks like a pullback is happening. Continuing bullish divergence. Until the two strong support zones hold my short term view remains bullish here.
This is my GBPCHF Setup. Market has given BOS to downside, and we see all Orderflows are mitigated, so we have identified 2 OB zones from where market may change its direction after mitigation.
I’m short waiting to fulfill the gap that a few weeks ago created. And I say maybe because we never, never know what the market will do.
Looking like a cleac 61% fib retracement, the pair has been in a bearish trend for some time. I think its a good short term sell
Start of Bearish Trend Bearish Divergence on RSI Bearish Divergence on MA of MACD Bearish Divergence on Histogram of MACD Strong Bearish Candlestick Pattern Bias Bearish
Remember that we can not, and should not impose our will on the market but rather listen to its whims and make profit by following it. And thus shall be done today on the GBPCHF pair which is likely to be pushed up by the bulls so we will buy! ❤️ Please, support our work with like & comment! ❤️
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 :)
Price was busy correcting downwards look for your buy setups
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