GBPCHF is in strong bullish trend. As the market is consistently printing new HHs and HLs. currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new HH. What you guys think of this idea?
GBPCHF shows to strong bullish confirmations after a test of a key horizontal support. I see a bullish breakout of a resistance line of a falling wedge pattern and a bullish violation of a neckline of a cup & handle pattern. I expect growth now. Goals: 1.135 / 1.1375 ❤️Please, support my work with like, thank you!❤️
Gbpchf is in an uptrend but a little downtrend occurred so we wait for either a breakout from the uptrend or down trend to either go long or short.
GBPCHF has reached the upper band of the Descending channel while finishing an accumulation phase. It is expected to fall as the 4th wave and then starting to go higher and break above the channel.
Hello again, GBP is quiet strong across the currency board and was able to break out of the strong downtrend dominated by CHF. After some days of consolidation it seems like the last resistance turned into support. Target area is the red resistance zone.
retracement from the monthly resistance It is no professional advice
Today presents promising opportunities for selling. Upon analyzing the market dynamics within the H4 timeframe, it becomes evident that a bearish trend has been prevailing since July of last year. However, a corrective phase commenced on December 28th and persists to this day. Currently, the market has reached a resistance level, indicating favorable conditions...
Trading higher, further risk appetite and rate difference could bring us 7 times of our risk.
GBPCHF Buy at HL (also 0.5 FIB , trendline support intact ) SL , TP mention in chart
My dear subscribers, GBPCHF looks like it will make a good move, and here are the details: The market is trading on 1.1300 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.1272 About Used Indicators: The average true range ATR plays an important role in 'Supertrend'...
GBPCHF / 1D Hello traders, welcome back to another market breakdown. GBPCHF has been trading inside a trading range but failed to break down. I have my eyes on this previous S/R level for a potential continuation. Check out the chart for the trigger plan. Trade safely, Trader Leo
Hello,Friends! GBP/CHF is trending down which is evident from the red colour of the previous weekly candle. However, the price has locally surged into the overbought territory. Which can be told from its proximity to the BB upper band. Which presents a great trend following opportunity for a short trade from the resistance line above towards the demand level...
✅GBP_CHF is trading in an Uptrend and the pair broke The key horizontal level of 1.1282 And the breakout is confirmed So I think that the pair Will keep growing LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Bearish engulfing, major demand zone and area, 50% retracement for entry and execution
The upward path is open to 3M knit . afte the base over the knit hunted we sure that we have to go to 3M knit
Trading in a bullish run in an ascending channel, waiting for bearish reversal as in chart as plotted
Waiting for a break and retest of 1.12053 to short GBPCHF back to 4H swing low at 1.10754 If you agree drop a like and if you have any questions leave a comment :)