OANDA:GBPCHF have had a 3 month impressive run which has led to the breakout from key resistance level at 1.106 region, and currently on a major supply zone of 1.14600
Expecting a reversal at 1.4600 to test previous breakout zone 1.1000
Scenario 2: if by strength it moves higher, then 1.164 should send it back to 1.100 region. As this will cut across all CHF...
expecting a push to 1.15000 psychological level before seeing a drop back down to 1.11000 a strong level that has acted as a support in the past.
simple support and resistance trade.
Hello,Friends!
We are going short on the GBP/CHF with the target of 1.133 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
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✅GBP_CHF is trading along the rising support line
And as the pair is going up now
After the retest of the line
I am expecting the price to keep growing
To retest the supply levels above around 1.1450
LONG🚀
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Hello traders!
‼️ This is my perspective on GBPCHF.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I expect bullish continuation after price filled the imbalance and then rejected from bullish order block.
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Hello traders, we want to check the GBPCHF chart. After moving in an ascending channel, the price has reached the specified resistance level. We expect the upward trend of the price to stop and the price to fall to around 1.13500. Good luck.
My dear friends,
Please, find my technical outlook for GBPCHF below:
The instrument tests an important psychological level 1.1470
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 1.1405
Recommended Stop Loss - 1.1502
About Used...
GBPCHF chart is printing a bullish trend and there is not divergence on the RSI indicator as well.
Entry Point: 1.14621
Stop Loss: 1.14238
Take Profit 1: 1.15000
Take Profit 2: 1.15390
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