Gbpchfanalysis
⁉️ GBPCHF - Market AnalysisHello traders!
⁉️This is my analysis on GBPCHF.
Here I expect the continuation of the retracement aftert the price broke the structure. I am looking for a long if the price fills the imbalance and rejects from bullish orderblock.
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GBPCHF - LONG IDEAHello traders,
Hope you had an amazing weekend !
GBPCHF is currently at a very strong monthly level.
This level has been respected several times in the past and it would be very difficult to break through it given that there are many underlying buy orders waiting to be filled !
Currently price saw its first valid rejection from major area of demand, expecting price to continue upwards from this level to at least 200 pips.
looking forward to see how this setup plays out !
good luck & god bless,
ETGL team <3
Long term buy opportunity on GBPCHFLet's turn our eyes to GBPCHF. The pair has been trading within a high timeframe falling channel since March 2021. It now looks like it has reached the support of this channel and we may expect a bounce up from this level.
I have considered to go long on this pair for both short and long term targets. I have higher expectation that the pair will reach to the resistance of the falling channel.
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GBPUSD, GBPCHF and GBPCAD Top-down analysis Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
GBPCHF: Rallies bound to fail?!GBPCHF
Intraday - We look to Sell at 1.2216 (stop at 1.2304)
Bespoke resistance is located at 1.2225. We look to sell rallies. Selling posted in Asia. Expect trading to remain mixed and volatile. This provides an excellent risk/reward opportunity to fade the current bullish move.
Our profit targets will be 1.2003 and 1.1910
Resistance: 1.2200 / 1.2440 / 1.2609
Support: 1.20600 / 1.1918 / 1.1630
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GBP/CHF BearishThis resistance was the price support that failed to break for a whole year, and now it has been broken, it is difficult to rise above it again before reaching a stronger area than it, which is the monthly support, expect rise price to touch 0.38 fibo and bearish trendline then a fall
Gbpchf short?The pair is approaching an important HTF resistance, thus setting the stage for shorts.
An impulsive downward breach of the LTF ascending trend line will give added probability for downside momentum.
Observe good risk management.
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