🔸speculative H*S setup advanced entry bulls with projected
TP bulls set at 1360. confirmed rejection from overhead resistance.
🔸H&S structure defined by head at 1450, LS at 1360, neckline at 1100/1140.
currently pullback/correction in progress to re-test the neckline price level.
higher risk strategy: short selling at market, target bears is...
market starting a downward movement, it goes up making part of the correction movement, and finds a resistance zone in round numbers, entry made in this zone, stop above the previous upward movement and take in the neutral zone
Am expecting a bullish retracement on GBPCHF Before Going Short again, although price might be bullish I wont be taking any Longs Because we are on a bearish Trend.
Hello Trading view Family / Fellow Traders.
I hope you have used and benifited from the previous analysis .
In today trading session we are monitoring GBPCHF for a selling opportunity, once we will receive any bearish confirmation the trade will be executed.
. Don't forget about stop-loss.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade
Waiting for a retest of 1.13683 to short GBPCHF back to key 4H level at 1.1700
If you agree drop a like and if you have any questions leave a comment :)
Hey Traders, in tomorrow's trading session we are monitoring GBPCHF for a selling opportunity around 1.13500 zone, GBPCHF is trading in a downtrend and currently is in a correction phase in which it is approaching the major trend at 1.13500 support and resistance zone.
Trade safe, Joe.
Higher high created on the weekly that price is currently retracing. I have labeled 50% of the weekly buy and the 78% OTE level. The weekly 50% level is like a magnet so I’m expecting price to buy up to the weekly 50% and then continue selling to complete the weekly retracement for buys at or around the 78% level. The weekly 50% is also at the exact level that...
The price breached the ascending line downward until it reached the strong demand area 1.1250, and the price has already begun to consolidate, ready to rise again, with the pattern of double bottom , and the presence of high trading volume , and strong bullish candle.
What's up Y'all!?
Today I'm looking at GBPCHF. Price is above SMA and Pivot point level. Looking to buy once price breaks above my buy zone set.
Time now is 8:14am 7/14/2023
GBPCHF - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
Price action looks to be forming a bottom.
A higher correction is expected.
Short term bias has turned negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
We look to Sell at...
This will be one of the sweetest swing you'll embark on for my swing trade lovers. The risk is very minute and the gain huge. I waited for the best possible entry and I have no doubt that this trade will play out. Have fun trading
This is my idea for GBPCHF, a big long run as i have two confirmations, an ending diagonal that confirms the rejection of the price to keep making lower lows, and the rejection of the price to get again inside the ending diagonal.
If you like this idea, or disagree just say it in the comments.
Keep learning.
what makes me love TRADIN with price action method combines with Market structure, cause it helps see all dose valued levels and chart pattern clearly try it
