Last week there was a high enough movement to penetrate the sideways area that had occurred for 2 weeks. With the price that looks bullish and is currently trying to retest the support area (SR Flip) there is a high possibility the price to continue the bullish moment to the SND area
We just got a fake out from the continuation pattern and we are looking to target the 90% rule of the previous trend
On the hourly chart the trend started on July 19 (linear regression channel). There is a high probability of profit taking. Possible take profit level is 1.12056 But we should not forget about SL = 1.1058 Using a trailing stop is also a good idea! Please leave your feedback, your opinion. I am very interested in it. Thank you! Good luck! Regards, ...
According to the levels of supply and demand and the failure of the desired level, after testing three times and consuming orders, we expect the price to rise.
Pair Name : GBP/CHF 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Long ) Type : Mid Term Swing ——————————— Bullish Break 1.120000...
From H1 time frame, we can clearly see that price did breakout from multi bottom pattern. Also price is crossing above EMA 200 => Buy momentum is identified. Price is now re-testing this zone. We are expecting rejection to up side. Let's monitor price action and look for buy opportunity. JUST REMEMBER TO MANAGE YOUR CAPITAL WHILE TRADING. NO MATTER HOW...
GBPCHF formed an ascending triangle formation on a daily time frame. Its neckline was broken on Friday and the market closed above that. I will expect a bullish continuation on the pair. Next resistance - 1.1225 ❤️Please, support my work with like, thank you!❤️
looking bearish trend in 4h timeframe bec follow 12345 waves pattern
GBPCHF BULLISH TREND break the side way rectangle pattern break confirm with morning star so we can buy it
Here we have GBPCHF analysis, with entry zones for a potential Long trade. TP 1 & TP 2 shown
Hello traders, Wave 3 has probably ended at 1.10597 zone. Wave 4 is supposed to materialise towards the resistance zone at 1.12820-1.13148. Then wave 5 is supposed to materialise towards the support zone at 1.10268-1.10070. Thanks.
GBPJPY sideways market as per 1H, right now price is near support-1, in this scenario I will take a instant sell entry and TP will be support-1 as marked. Second scenario is breakout, if price break the R1 then what to do, right now i will put a buy stop order as marked and my TP will be R2. This is only for educational purpose.
The GBP/CHF has been in a range for a long time, and it recently touched the lower boundary again. On a lower timeframe, a double bottom and a higher low have formed, indicating a possible trend reversal. If the descending trendline is broken, there is a high probability that the upper boundary of the range will be the target. Range: Double bottom: If you...
Look at that perfect bullish breakout. The pair broke a strong resistance. I suggest buying after the market opening. Target - 1.2275 Stop - 1.112 Please, support my work with like!
Market was in a downtrend, and you can now expect prize to reverse to the upside.
Hello,Traders! GBP-CHF broke the key Horizontal level after some Time of consolidation so We are now locally bullish Biased and I think that We will see a move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Daily time frame shows Supply and Demand, price moving between two zones area. price above the trend line in H4.