📌 Potential SELL setup for: GBP/CHF👩🏽💻Technical: The current trend in the market is bearish, and it's moving within a defined channel. Nevertheless, this setup is demanding a pullback. Without it, it's likely that your stop loss will be hit if you enter the market now.
🎯 For an ideal entry: If you wait for a pullback, you might be able to achieve a better risk-reward ratio since the moving averages can help protect your stop loss, so aiming to enter on a bearish candlestick formation would be even better.
GBPCHF
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 1.1537. Also, according to the GBPCHF STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 1.1153 to the SUPPORT LEVEL.
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Pay attention to the CURRENT MARKET SENTIMENT..
GBPCHF Short Term Buy IdeaD1 - Price respected a key support zone and bounced higher.
No opposite signs.
Expecting the price to move higher further in the short term.
H4 - Bullish Trend Pattern.
Currently it looks like a correction is happening.
Until the two strong support zones hold my short term view remains bullish here.
GBPCHF - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on GBPCHF.
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I expect price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block + institutional big figure 1.14000.
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GBPCHF : Long Trade , 1hHello traders, we would like to review the GBPCHF chart on the 1-hour time frame. The price is moving in an ascending channel and has made a correction to the key level of 1.12300 and 1.12500. We expect this level to maintain the upward trend and The price will continue to grow after the correction. If the price can break the small downward channel, we expect it to grow to the targets of 1.13300 and 1.14200. Good luck.
Sell GBPCHF SW 230223 12.45📌📌iDea Share Sell GBPCHF 📌📌
Link :
📍📍Open order 1.12100
Sell lim 1 1.12500
Sell lim 2 1.12900
Sell lim 3 1.34000
Sell lim 4 1.13800
Sell lim 5 1.14200
Tp 1.10800
Sl 1.14850
Warning !!! (Swing trade must be use pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Sell lim 1 0.15 lot
Sell lim 2 0.20 lot
Sell lim 3 0.25 lot
Sell lim 4 0.30 lot
Sell lim 5 0. 40 lot
Sell lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Sell lim 1 0.05 lot
Sell lim 2 0.06 lot
Sell lim 3 0.07 lot
Sell lim 4 0.08 lot
Sell lim 5 0.10 lot
Sell lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
GBPCHF, H4 | Bullish bounce opportunity?Price is testing a key support level at 1.1246 which is an overlap support along with a 38.2% Fibonacci retracement. A bounce from here could see prices rise up to the next resistance level at 1.1356 which is a strong overlap resistance.
In terms of stop loss, we're eyeing 1.1192 which is below a recent market movement - this gives a healthy R:R of about 1:2.
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✅GBP_CHF SHORT FROM RESISTANCE🔥
✅GBP_CHF will be retesting a resistance level soon
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
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GBPCHF to find resistance at 0.618 pullback level?GBPCHF - Intraday - We look to Sell at 1.1300 (stop at 1.1335)
Buying pressure from 1.1195 resulted in prices rejecting the dip.
We have a 61.8% Fibonacci pullback level of 1.1298 from 1.1435 to 1.1075.
The 200 day moving average should provide resistance at 1.1250.
This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower.
Further downside is expected although we prefer to sell into rallies close to the 1.1300 level.
Our profit targets will be 1.1195 and 1.1175
Resistance: 1.1580 / 1.1905 / 1.2115
Support: 1.1035 / 1.0870 / 1.0705
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GBPCHFWe are in a side range higher than the fractal, the best strategy is fluctuations between the floor and the ceiling.
Currently, we are witnessing an upward movement in the encounter with the bottom and the support zone and a positive divergence.
We are between the static support area of 1.12118 and the resistance of 100 Fibo projection with the area of 1.12534 pivot point.
It is expected that after the breaking of the super-growth range up to the ranges of 1.12962 and 1.13549, there is no need to touch both targets, and also the areas between the targets can play the role of resistance or the reason for There are corrections.
GBPCHF- more buying pressure don't missHey Everyone,
in this analysis, GBPCHF has moved within the correction currently which looks bullish for some days now, and it's currently forming a correction after an impulse. The initial phase will be an impulse>>correction>>impulse.
that is i'm expecting a bullish impulse to form.
WHAT ARE WE EXPECTING:
# look for a lower time frame continuation correction to ride the trend.
HOW DO WE ENTER:
# on a break of trendline either the continuation correction or top break of line
OUR STOP LOSS LEVEL:
# when the pattern change(bearish pattern form)
POSSIBLE TARGET:
3:1 rr to top of the arrow
THANKS FOR READING.
AS ALWAYS TRADE SAFE AND STAY SAFE!!!