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.
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My dear friends ,
This is my opinion on the GBP/CHF next move:
The instrument tests an important psychological level 1.12581
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.13008
Safe Stop Loss - 1.12325
About Used Indicators:
A super-trend indicator is plotted on either above or...
Hello,Traders!
GBP-CHF has hit the
Horizontal support level
Of 1.1244 and we are
Already seeing a bullish
Reaction so I think that
We might see some
Further correction
To the upside
Buy!
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Check out other forecasts below too!
GBP-CHF broke the support
Cluster of the rising and
Horizontal lines at around
1.13241 so we are now
Bearish biased and I will
Be expecting a move down !
We can see the pattern has been broken and a retest of the breakout on the Daily TF is probable.
On the 4H timeframe we can expect a push down if the head and shoulder pattern is confirmed with further break down and then retest of the breakout. At that point we'd be looking to pick up and enter a short position
FX:GBPCHF On the 4 hour time frame, we are awaiting a break of structure. Previously we registered a Change of character indication a shift in order flow to bearish. Once we have a break of structure, the shift will be confirmed. Once this happens we will look to sell at a fair value gap, fresh order block or unmitigated supply targeting the fresh order bloc...
