GBPCHF
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell GBPCHF
Entry - 1.1181
Stop - 1.1200
Take - 1.1145
Our Risk - 1%
Start protection of your profits from lower levels
❤️Please, support our work with like & comment!❤️
One of the setups I like to trade the most is the transition from trending markets to non trending markets and vice versa.
One of the trader's theorems tell us that once a trend has finished markets will transition into a non trending state. This also holds true for non trending markets, at some point non trending markets will set up a new trend.
Right now we're...
Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
GBPCHF zoomed out picture.
As we can see price is still stuck inside this big rangy market
And price is sitting around our lower bound of this range lining up with our support zone
Where we are interested in looking for...
price have mitigated the buy side liquidity on the 1hr time frame. With the high time frame being bearish , i anticipate a continued sell off from the region where price is at
Wait for price to come to the particular are that i marked wait for a rejection and a fakeout will be a good indication this will be a good sign to go bearish.
Market Structure Bearish On Higher TimeFrames
Weekly Candle Bearish Engulfing
Weekly And Daily AOI in the same area
Weekly Rejection candles at AOI
Daily Rejection At AOI
Strong Resistance Area on H4
Rejection candles at the AOI on H4
EMA retest on H4
REMEMBER: Trading is a Game Of Probability
: Manage Your Risk
:...
Monthly
-Price is in a downtrend
-Price sweeps liquidity
-Sell side liquidity
Weekly
-Institutional Candel
-Sell side liquidity
Daily
-Bearish W pattern
-Institutional candel
The GBPCHF currently presents a realistic setup with the price having achieved a structural breakout during the London session. This breakout occurred on both the H1 and M15 timeframes, essentially forming what constitutes the ideal setup for one of the Forex48 strategies. I will position myself with an order as set on the chart, meaning an entry at 1.1112....
Trend analysis
- Lower low have broken, confirmation price will downtrend
- Sell at Strong Supply Base and Strong Resistance
Let's see...
Give your Stop Loss with good money management AT CORRELATION PAIR
According to the daily chart, GBPCHF formed a bullish symmetrical which signals the trend is moving upwards. if the double bottom is formed completely in the daily time frame then the scenario come true for the pair
ENTRY @ 1.11550
TARGET @ 1.13200
STOP LOSS @ 1.11020
Price has been ranging for a while and has now formed an ascending triangle pattern. I am anticipating a break to the upside which would lead to more buys
I am expecting GBPCHF to drop as has formed a bread in structure downward, there is a retest, and as such I expect further decline and a new lower low.
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.1120 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1178
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price...
![GBPCHF: GBPCHF[Double bottom]](https://s3.tradingview.com/c/CMpG8Zw6_mid.png "GBPCHF[Double bottom]")
