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Gbpchfanalysis

GBPCHF Is Heading Higher To Complete A Flat PatternHi traders, GBPCHF has been trading in a tight range but its price action makes Elliott Wave sense. After a strong impulse decline in wave A, a three-wave correction is expected before the bearish continuation. This correction seems to be taking the shape of the Elliott Wave 3-3-5 expanded flat correction pattern. Price made a three-wave rally in the circled wave a, and another three-wave decline in circled wave b. Pink wave (b) unfolded as a triangle which makes the circled wave "b" decline a complete zigzag correction. If this count is correct, the price is expected to resume higher in five-wave in red wave B. However, the price can be making an A-B-C-D-E triangle which means the expected rally might not breach circled wave "b" high. Thanks for reading!
Long
by Veejahbee
GBPCHF push lower to 1.26900Hi all! Damn, it's been a while. Hope I haven't been missed that much! So I've shorted this pair because I believe it's matched my trading plan, I have been monitoring GBP price action for the last few months and the way it's been exhausting bulls - I believe bears should come into action.... I won't go into too much detail about this pair at the moment as I have just returned to the charts after a good 3 months break. Let's see what happens, private message me for more information. Saif
Short
by MoneyMaliks
💡Don't miss the great sell opportunity in GBPCHFTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.2798). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCHF is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 30. Take Profits: TP1= @ 1.2756 TP2= @ 1.2714 TP3= @ 1.2675 TP4= @ 1.2640 TP5= @ 1.2590 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity
5
💡Don't miss the great sell opportunity in GBPCHFTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (1.2798). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . GBPCHF is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 29. Take Profits: TP1= @ 1.2756 TP2= @ 1.2714 TP3= @ 1.2675 TP4= @ 1.2640 TP5= @ 1.2590 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Short
by ForecastCity_World
6
GBPCHF on resistant zone sell chanceHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. GBPCHF on a resistant zone chance for a sell Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
Short
by Bexi03
GBPCHF | Perspective for the new week | Follow-upA total of 300pips move in our direction since my last publication on this pair (150pips move twice from Supply zone - see link below for reference purposes) and It is interesting how the Key level @ Fr1.27000 transposes into a major determinant of price action since February 2021 (check weekly/daily chart) as a Break above/below of this level incited a trend continuation. Following the latest development in the character of market structure coupled with the strength of the Breakout of Key level (Fr1.27000) that happened during last week trading session, I am about to switch bias from my previous speculation. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Reversal pattern (Double Bottom) Observation: i. Double Bottom: Structure reveals a change in trend and a momentum reversal from prior Bearish price action; The twice-touched low is considered a significant support level. ii. The appearance of a Double Bottom pattern culminated in a successful Breakout of the Neckline (Fr1.27000) during the course of last week trading session to set the pace for a potential Bullish momentum. iii. The Fr1.71000 area that "resisted" price for 9 days was finally broken on the 16th of June 2021 with an engulfing candle thereby expressing the Buyer's strength at this juncture in the market. iv. I am of the opinion that the Breakout is currently going through a Correction phase ("quick sells" from participants who took advantage of the Bull run) that will complete and find support at the Neckline area with the anticipation of a rally in the coming week(s). v. In this regard, I have identified a new demand level for future buying opportunity within the vicinity of the Fr1.27000/1.267000 area (see chart). vi. Should price continue as predicted, a break above Fr1.27650 might welcome addition to our existing position... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 150 pips. Risk/Reward : 1:5 Potential Duration: 1 to 5days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the financial market (including foreign exchange, commodity trading, CFDs, stocks etc.) involve high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
2
GBPCHF, Upside Looks Promising. Head & Shoulders?The market appears to be forming a potential head & shoulders setup as resistance were slightly broken out. However, we could be seeing some consolidated movements within the zone before the potential upside movement, therefore, it would be best to wait for further confirmations Key Factors: -Potential Head & Shoulders -Bullish break and strong bullish momentum shift as price breaks the resistance zone -Market still requires a break above the trendline and/or a more significant rejection at the support Entry Conditions: -Buy when price retests the zone and forms conirmations ; or breaks current resistance and retests the broken out level and forms upside confirmation -Actively manage trade for the upside swing by trailing stops Note that setup will be considered invalid if price rejects current resistance and reverses completely to the downside
Long
by IAmDavidX
GBPCHF: short opportunityHi Traders, This is my view on this pair for the next few days. #GBPCHF SELL 1.2756 SL 1.27838 TP 1.262 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Short
by kitchen_trading
GBPCHF: long intraday opportunityHi Traders, This is my view on this pair for the next few days. #GBPCHF BUY 1.27 SL 1.2679 TP 1.277 I remind you that this is only a forecast based on what current data are. Therefore the following signal will be activated only if specific rules are strictly respected. If you follow my strategy you will be able to identify the right filters and triggers to enter correctly the market and avoid fake signals. I really hope you liked this video and I would like to know what do you think about this analysis, so please use the comment section below this video to give me your point of view. Thank You ——————————— Pietro from Trading Kitchen
Long
by kitchen_trading
2