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GBPCHF

GBPCHF 5/4/2023GBPCHF is currently within a falling wedge pattern, with the price near the resistance of this pattern. It's likely that the price will pullback, then bearish to the support level of the pattern. Traders should set a stop loss if the closing price is above 1.1408. If this stop loss is triggered, long positions can be taken with bullish targets up to 1.1055. It's important to note that this analysis is for informational purposes only and not trading advice. Trading always involves risk, and there is no guarantee of success. Traders should carefully consider their risk tolerance and trading goals before making any decisions in the forex market.
Short
by DNP-FX
5
GBP/CHF: Buying it! Hey guys, I haven't posted anything here for a while and I must say I missed it! I hope that you are well and that you are going through this particular situation in the best possible conditions. Here is an interesting trade on the GBP/CHF pair. We can see that the pair is very bullish whether it's in Daily, H4, H1 or M15 from an Ichimoku point of view (prices are above the cloud, the lagging span has no obstacle, etc.). Today it broke an important resistance that I have been following for a a few days now. If we use the "modified Schiff Pitchfork" tool we can see that the pair still has a few pips to go before it reaches a first dynamic resistance. The idea is simple: we wait for a bounce towards the broken resistance to enter at lower levels. My target will be the blue line at the top of the pitchfork around 1.14570. I will mention if I take a position and at what level. If the pair continues its upward path the trade is cancelled. Good luck to you Jesse
Long
by SwissPips
1
GBPCHF, H4 | Nearing resistance?GBPCHF is approaching a key resistance and could potentially retreat from this level. We could see the momentum carry price down to our take profit target. Entry: 1.13686 Why we like it: There is an overlap resistance that aligns with the 78.6%% Fibonacci retracement Stop Loss: 1.14131 Why we like it: There is a swing-high resistance Take Profit: 1.12497 Why we like it: There is an overlap support that aligns with the confluence of the 38.2% and 23.6% Fibonacci retracement 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.
Short
by VantageMarkets
GBPCHF : Current Situation & Technical , Fundamental View- VIX is slightly UP, so CHF has become somewhat STRONG with the SNB RATE HIKE. Due to this STOCKS and XXXCHF CURRENCY were slightly SELL. GBPCHF was also SELL because of that. Currently there is a RISK OFF BIAS. Therefore, GBPCHF may sell slightly in the future. - Currently GBPCHF LONG TERM can move up to the LEVEL 1.7000. Also, according to the GBPCHF STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 1.1218 to the SUPPORT LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Pay attention to the CURRENT MARKET SENTIMENT..
by benny_marshall
GBPCHF - 4hrs ( Sell Trade Target Range 180 PIP ) 💲Pair Name : GBP/CHF 🗨Time Frame : 4hrs ➕Scale Type : Large Scale ------ 🗒 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 ( ↘️ Short Reversal ) Type : Mid Term Swing ——————————— 🔰Bearish Reversal 1.14500 Zone Reasons 🔘- Major Turn level 🔘- Visible Range Lvn 🔘- Pattern Full Range 🔘- Fibo Golden 🔰Bullish Retest 1.12000 Area Reasons 🔘- Major Turn level / W 🔘- Visible Range poc 🔘- inner Pattern Retest 🔘- Trend Retest 🔘- Fixed Range Value
Short
by GoldenEngine
8
GBPCHF - 4hrs ( Another Sell Entry Target Range 180 PIP ) 💲Pair Name : GBP/CHF 🗨Time Frame : 4hrs ➕Scale Type : Large Scale ------ 🗒 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 ( ↘️ Short Reversal / another entry ) Type : Mid Term Swing ——————————— 🔰Bearish Reversal 1.13500 Area Reasons 🔘- Major Turn level 🔘- Visible Range Lvn 🔘- Fixed Range Lvn 🔘- Fibo Golden 🔘- Month High 🔰Bullish Retest 1.12000 Area Reasons 🔘- Major Turn level / W 🔘- Visible Range poc 🔘- inner Pattern Retest 🔘- Trend Retest 🔘- Fixed Range Value
Short
by GoldenEngine