Long on GBPCHFI am entering a long position on GBPCHF as we hit a support zone on the 4h timeframe. the candle formation confirms that we might go up. if not, we'll exit just below the support zone.
GBPCHF
GBPCHF: Pullback From Key Level 🇬🇧🇨🇭
GBPCHF looks bullish after a test of a key horizontal support.
After a false break of structure, we see a local bullish imbalance
with a consequent breakout of a resistance line of a tiny falling channel.
We may anticipate a further growth now.
Goals: 1.1042 / 1.1063
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Buy @GBPCHF (long position) UK Pound Sterling/Swiss Franc FX Cross Rate
British Pound Sterling Swiss Franc traded at 1.10185 this Thursday November 16th, decreasing 0.00070 or 0.07 percent since the previous trading session. Looking back, over the last four weeks, GBPCHF lost 0.52 percent. Over the last 12 months, its price fell by 2.38 percent. Looking ahead, we forecast British Pound Sterling Swiss Franc to be priced at 1.10484 by the end of this quarter and at 1.10054 in one year, according to Trading Economics global macro models projections and analysts expectations.
GBPCHF Momentum PlayBack in October, I managed to capitalized on the initial range breakout. Another momentum play has been observed based on the price action detailed below.
Price forms a lower high, which also indicates that we're likely seeing a price ceiling.
Momentum picks up towards the downside on the neckline break.
The range era has come to an end as price breaches below the lower boundary and successfully holds below it.
Very surprising v-shaped recovery, but new range has formed.
This is a very interesting break below the lower range boundary. Not only does price holds below this boundary, it also signifies that the v-shaped recovery is rather shortlived.
Five Wave Up ! Now Three Waves Corrective????Greetings, dear friends. I hope you are having a productive week.
I am happy to assist you in ensuring that all previous analyses are attached to each corresponding analysis. This will provide a comprehensive overview and help you make well-informed decisions. Please do not hesitate to let me know if there is anything else I can do to assist you further.
I want to share my market analysis ideas based on the Elliott Wave Principle with you.
I am a fan of this principle and follow all the rules and guidelines for analyzing the market.
However, please note that my ideas are based on my personal experience and may change over time.
If there is an error in my analysis, I am open to re-analyzing it from the beginning and learning from my mistakes.
It's important to understand that making an error in analysis is not a fault, but evading responsibility is.
No one can analyze financial markets with 100% accuracy, but it's remarkable how close we can get.
We analyze from multiple perspectives to consider all possibilities.
Let's mention a few opinions and ideas!
Based on mathematics.
I am still practicing to understand the Elliott Wave Principle better and hope to provide an even better analysis in the future.
Thank you for your continued support, and I look forward to our mutual success.
Best regards,
Mr. Nobody
Keep trying and never give up.
Good luck!
GBPCHFThe GBP/CHF pair is currently in a downtrend, evident from the preceding red 1-week candle. However, on the 1-day timeframe, the pair is showing an upward trend. As the price approaches the upper band of the Bollinger Bands (BB) indicator, indicating overbought conditions, our strategy is to sell, considering the upper BB line as resistance. The target for this sell position is the 1.077 area.
GBPCHF Trade IdeaGBPCHF Trade Idea
Each zone acts as support (we buy upon confirmation) if the market is above the zone & each zone acts as a resistance (we sell upon confirmation) if the market is below zone.
GBPCHF Long Term Buying Trading IdeaHello Traders
In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPCHF: 09/11/2023:🔴sell opportunity🔴You can see all the important zones and levels on the chart.
We expect the price to test the bearish order block and then fall.
we need LTF confirmation for entry.
💡Wait for the update!
🗓09/11/2023
🔎 DYOR
💌It is my honor to share your comments with me💌
GBPCHF Long Term SELLING Trading IdeaHello Traders
In This Chart GBPCHF DAILY Forex Forecast By FOREX PLANET
today GBPCHF analysis 👆
🟢This Chart includes_ (GBPCHF market update)
🟢What is The Next Opportunity on GBPCHF Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
GBPCHF - 4hrs ( buy Trade Target Range 240 PIP ) 💵Pair Name : GBP/CHF
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons
We seek to spread understanding rather than make money
🔗 Key Technical / Direction ( Long )
Type : Mid Term Swing
——————————
☑️Bullish Reversal
1.10800 Area
Reasons
⚡️- Quarter low Area
⚡️- Visible Range Value
⚡️- Liquidity / Choch
⚡️- turn over Trend Break Out
⚡️- Day / week High Retest
☑️Bearish Reversal
1.13500 Area
Reasons
⚡️- Major Turn level
⚡️- Visible Range lvn
⚡️- Choch Area
⚡️- Pattern Target
⚡️- Quarter High Area
⚡️- Fibo Golden Zone
GBPCHF H4 | Potential Bearish reversal?Price has retested the overlap resistance level at our sell entry which is at 1.1063. Price could potentially cause a bearish reversal after the restest, creating a new recent low. Our stop loss is at 1.1131, which is slightly above the swing high resistance level. Take profit is at 1.0996, which is an overlap support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Forex Capital Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
FXCM Australia Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBPCHF November 2nd, 2023Based on the Daily timeframe for GBPCHF, a clear technical analysis reveals a notable development. The previous support trendline has experienced a downside breakout, now functioning as a resistance zone. Currently, the price is approaching this trendline, showcasing a retest scenario. There's a potential for a bounce off this resistance area.
This probability is reinforced by the stochastic indicator, specifically with parameters set at 5,3,3. These settings are well-suited for the D1 forex market, where the 5-day (weekly) average aligns with the market's open days (Monday to Friday). The stochastic has crossed above the overbought (>80), indicating a potential reversal.
In terms of price targets, a decline is anticipated towards the 1.09-1.08 range. It's advisable to set a stop loss if the price surpasses the current resistance level. This analysis aims to provide a straightforward and easily understandable overview of the GBPCHF pair's current technical situation.
GBPCHF H4 | Falling to support level?Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 1.1051, which is an overlap resistance.
Our take profit will be at 1.0998, a pullback support level. The stop loss will be placed at 1.1085, which is a pullback resistance level."
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 72% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GBPCHF : Short Trade , 4hHello traders, we want to check the GBPCHF chart. The price is moving in a descending channel and has pulled back to a key level that the price has reacted to several times in the past. We expect this level to play the role of a resistance level and maintain the downward trend of the price. We expect the price to fall to around 1.08000. Good luck.
GBPCHF - Detailed Video Analysis 📹 From Daily To H1Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 Here is a detailed update top-down analysis for #GBPCHF.
Which scenario do you think is more likely to happen? and Why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!.
All Strategies Are Good; If Managed Properly!
~Rich
GBP/CHF SHORTGBPCHF has retested the support level of the horizontal channel on the H4 time frame,
This could become a new resistance area on the daily timeframe.
We expect the pair to re-test the key support levels listed on the chart,
We taking this trade based on technical analysis and candlestick patterns.
Please use proper risk management depending on your account size, Use lot sizes based on these calculations.
Here is a breakdown of your pip value in ZAR and Dollars
0, 01 = R1,43 / $0,10c
0. 05 = R 7,15 / $ 0.50
0.10 = R 14,3 / $1.00
1 Lot size = R 146,26
How to calculate Margin = (Lot Size * Contract Size)/Leverage, Let's say your broker gives you 1:500, and you open 0,2 size, How much are you exposing? calculations : (0.2 * 10 000) / 500 = $4 (R58) also (1 Lot * 100 000) / 500 = $200 (R2 960)
So, each time I open (1 Lot size, am exposing R2960 (Down payment)
Remember, These are long-term trades, It is advisable to have enough margin to handle the fluctuation of the markets.
Please like and share for more useful content:
Double Zigzag Done !! Move Too the UpsideHey there, my dear friends! I hope you all had a productive week!
I am at your service, and if you're interested, you can find my previous analysis below each description, along with all relevant updates. This should give you an overview to help you make informed decisions.
Now, I want to draw your attention to something important. As a trader, the main responsibility is to reduce the risk, eliminate it after the transaction and ultimately preserve the profit.
Let me share a quote from Mr. Jeffrey Kennedy, one of the most valuable analysts of the Elliott Wave Principle: "Amateur traders focus on the possibilities that might happen. Professional traders focus on what is happening and execute the trade."
As a fan of the Elliott wave principle, I would like to share my market analysis ideas with you. Please note that my ideas are based on my personal experience and may change over time. If there is an error in my analysis, I am willing to re-analyze it from scratch and learn from my mistakes. However, it's important to understand that the error in the analysis is not a defect, but the avoidance of responsibility is.
I analyze from multiple perspectives to consider all possibilities. So, let's list some ideas based on the Elliott wave principle.
Please keep in mind that no one can analyze financial markets with 100 percent accuracy, but it's remarkable how close we can get. Thank you for your continued support, and I look forward to our mutual success.
With respect,
Mr. Nobody
Keep trying and never give up. Good luck!
EURCHF I Descending triangle correctionWelcome back! Let me know your thoughts in the comments!
** EURCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
EURCHF I Inverted head and shoulder will keep growingWelcome back! Let me know your thoughts in the comments!
** EURCHF Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
GBPCHF - Following The Trend 🏄♀️Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉GBPCHF has been overall bearish trading inside the falling blue channel, and it is currently approaching around the upper trendline.
Moreover, the zone 1.11 is a strong resistance.
🏹 So the highlighted blue circle is a strong area to look for sell setups as it is the intersection of the red resistance and upper blue trendline acting as a non-horizontal resistance.
As per my trading style:
As GBPCHF approaches the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
GBP/CHF SEELGBPCHF analysis is approaching selling areas. I see it as a good opportunity to sell, even though the general trend is bearish
GBPCHF: Retest incoming, then downWe've broken out of a long-standing sideways channel to the lower side, now bouncing off support to retest the broken channel.
I'm expecting a big dump in this paid once the retest is complete, UK economy vs Swiss economy, interest yields etc, no comparison.
The Swiss has been a stand-out performer against most crosses this year, GBP has been clinging on but I think we'll drop again soon.
