GBPCHF Technical Analysis! BUY!
My dear followers,
I analysed this chart on GBPCHF and concluded the following:
The market is trading on 1.1057 pivot level.
Bias - Bullish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation.
Target - 1.1094
Safe Stop Loss - 1.1036
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
GBP (British Pound)
EURGBP Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring EURGBP for a selling opportunity around 0.84300 zone, EURGBP was trading in an uptrend and currently is attempting to break it out. If we get decent dips below the support we will be watching a potential retrace of the trend towards more downsides!
Bearish drop?GBP/JPY has reacted off the resistance level that is an overlap resistance that is slightly above the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 186.48
Why we like it:
There is an overlap resistance level that is slightly above the 23.6% Fibonacci retracement.
Stop loss: 189.15
Why we like it:
There is an overlap resistance level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 183.16
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bearish drop?The Cable (GBP/USD) is reacting off the pivot which has been identified as a pullback resistance and could drop to the 50% Fibonacci support.
Pivot: 1.3213
1st Support: 1.3102
1st Resistance: 1.3302
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPUSD Breakout And Potential RetraceHey Traders, in the coming week we are monitoring GBPUSD for a selling opportunity around 1.31700 zone, GBPUSD was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 1.31700 support and resistance zone.
Trade safe, Joe.
GBPNZD to see a temporary move lower?GBPNZD - 24h expiry
The medium term bias remains bullish.
We look for a temporary move lower.
The sequence for trading is higher highs and lows.
Preferred trade is to buy on dips.
Bespoke support is located at 2.1230.
We look to Buy at 2.1230 (stop at 2.1200)
Our profit targets will be 2.1350 and 2.1410
Resistance: 2.1350 / 2.1410 / 2.1470
Support: 2.1230 / 2.1200 / 2.1140
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
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GBPCHF Will Move Higher! Long!
Please, check our technical outlook for GBPCHF.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is testing a major horizontal structure 1.112.
Taking into consideration the structure & trend analysis, I believe that the market will reach 1.119 level soon.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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GBP/CHF SENDS CLEAR BEARISH SIGNALS|SHORT
Hello, Friends!
GBP/CHF pair is in the downtrend because previous week’s candle is red, while the price is obviously rising on the 1H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.108 because the pair is overbought due to its proximity to the upper BB band and a bearish correction is likely.
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GBPJPY 1hr TF Bullish Setup (Weak Low + Double Bottom + -OB)ICMARKETS:GBPJPY looks bullish considering we jump in at the double bottom where market structure will shit (Break of Structure) which is also a weak low, from there we can see the target being just below the negative order block. SL is tight for this setup to minimize risk whereas reward ratio is 6RR.
GBPCHF Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for GBPCHF below:
The price is coiling around a solid key level - 1.1147
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 1.1099
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
GBPUSD Potential DownsidesHey Traders, in today's trading session we are monitoring GBPUSD for a selling opportunity around 1.30900 zone, GBPUSD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.30900 support and resistance area.
Trade safe, Joe.
GBPUSD 1h Reversion Zone in FocusReturn and fill into the reversion zone range is expected.
Reversion zone range: 1.30615 - 1.30303
Key Resistance level: 1.31288
Key Support level: 1.29920
⚠️ Reversion Zone is an area on the chart where the price often returns after deviating. Some zones will be covered by nearby candlesticks, while others may take more time. Also the zone may never be filled, be careful.
Overlap resistance ahead?GBP/JPY is rising towards the resistance level which an overlap resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 187.87
Why we like it:
There is an overlap resistance that lines up with the 38.3% Fibonacci retracement.
Stop loss: 189.83
Why we like it:
There is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
Take profit: 184.86
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Heading into 50% Fibonacci resistance?GBP/USD is rising towards the resistance level which is a pullback resistance that lines up with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 1.3054
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 1.3084
Why we like it:
There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement.
Take profit: 1.2997
Why we like it:
There is a pullback support level
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBPUSD sell opportunity #GBPUSD sell opportunity
The price already broke the market structure in a lower time frame. Here is the sell opportunity from 1.28122 to 1.2788 zone.
Use does not increase risk reward form 1:1RR
All details in the chart. Get your confirmation and execute the trade. Good luck guys!