Hello,
Welcome to this analysis about GBPCHF, we are looking at the hourly timeframe perspectives. GBPCHF completed an important formation and shows up with the decisive confirmational developments. As when looking at my chart we can watch there this formation is a double-top-formation with the left top and the right top almost finished, now GBPCHF bounced...
Price is trading in an impulse pattern, we have wave (4) as a triangle pattern expecting a sell-off for wave (5) completion.
We often use two techniques to measure the end of a wave (5) Fibonacci multiple as well the wave (1) price distance as waves 1 and 5 are often equal.
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy GBPCHF.
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The Swissy has been hammering the Pound for a long time now and I guess it struggles to go lower. It's probably time for the Pound to push back up to regain strength against the Swissy.
This could be a long term trade.
Hello Traders,
This pair has been bearish for the longest. However, on the monthly chart, price seems to be consolidating. It is not in our place to figure out if the consolidation will lead to a rally or a dump but if you look inside the consolidation, you will notice that price swept the previous monthly high giving it the liquidity to go after the weekly...
After a week of price having no particular direction , price went down to test a support zone and immediately price went up. I expect price to rally up in the next days
Heres a trade where I saw liquidity being swept and then followed by a change of character, price then retraced, also sweeping liquidity and we can see that bears are currently running this money, entry, SL and TP given to VIP
We are going to trade this pair looking for sales today. On Mondays I sometimes close early because the movements can turn around on Tuesday. So stay tuned to see what decision I make. At the moment we have entered sales. And we have scheduled one more above.
Price has consistently bounced between 1.12411 and 1.10891 for almost a month now with particular focus 1.11671. Price wise, I see no bias in the direction as it remains pretty steady during its consolidation period, almost slowing down. It has been supported by both an upward and downward trend line, now with very little movement. Leading me to suspect an...
Hello friends,
In my opinion, according to the drawn channel, we should have an upward movement at least to the midline.
It seems that we reacted to the bottom of the channel.
Do you have any comments?
Good luck.
