Gbpchfanalysis
GBPCHF Might Make A Turn Soon!!! BULLISH retracement...This is a follow up on our previous analysis. From our previous analysis, we managed to sell from the top with a perfect profit. As of now, I am seeing price heading to 61.8 fib level. This will be an interesting level to see a BULLISH retracement after the fall. I will expect to see a retracement movement till 38.2 fib level as of now. If we see a clean rejection off that level BEARISH will continue from there. As of now, trade the short term BULLISH opportunity!!
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GBPCHF Potential Sell Setup GBPCHF has shifted from a bullish environment to a bearish environment after rejecting a strong level of weekly resistance. This market ended the week by creating a new LL that can be seen the cleanest on H1. I'll be waiting for this market to retest the previous structure support as new resistance before placing sells. A break and retest above previous support will invalidate sell setup
GBPCHF SELL ON DIPS FROM GIVEN LEVEL !!!As we can see this pair is fail to break the given resistance zone and now retesting this area again but fail /
as we can see a weakness in GBP so we are selling this pair on dips with a small risk and higher rewards
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GBPCHF SHORT - PRICE HAS REACHED DAILY LEVELPrice has reached key daily level and is moving very correctively on the H4 timeframe showing signs of weakness and a potential reversal and a swing to the downside is becoming more probable. Price has tried to break through this level 2 times before and is now on its 3rd attempt, so if we see price hold we can expect to see a bearish swing to the daily level below which was resistance but will now be acting as support.
Comment below what you think will happen to GBPCHF
GBPCHF downtrend setupprice direction: DOWNTREND
potential target price: 1.2090
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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GBPCHF Reaching A Level Of Strong Resistance!!!Currently, we managed to see GBPCHF moving towards a level of great resistance where we saw multiple rejections. After moving to this area, I will expect a BEARISH retracement back to 23.6 fib level also where a support level lies @1.2120. This will be an important level to lookout for if there are still BULLISH strength to this pair as a potential rejection from there could potentially means more to the upside and a breakout of 1.2192 resistance level. As of now, I see a great short opportunity to the support level at the same time observing for a breakout of the support to hold my trade to the next support level @1.9120. Do remember to watch out for potential rejection at 1.2120 if you plan to TP at a lower price.
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Time to short GBPCHF?GBPCHF has alligned perfectly for a correction here. We saw impulsive movements earlier in the month, which are now followed up by a corrective phase. As of now, we are bearish as GBPCHF rejects off the 61,8% fib level and is signaling a drop soon. Should we see price exit the rising wedge, we could safely enter, but for those interested in an aggressive entry method, like me, we go in now with a stop loss above the previous High. Let's see what this pair can bring us in.
GBPCHF Sell Opportunity!!! Bullish Retracement Completed!!!We can see that BULLISH strength is starting to weaken as it recently moves near the 50.0 fib level. For now, I will be seeing great BEARISH pressure from 50.0 fib - 61.8fib level max. Having said that, 61.8 fib price level is also where a strong resistance level lies (@1.2120). You can choose to enter a few trades for this pair at the various level or if you will want to take the risk you can enter at 50.0 fib level. I will see this pair moving to the support level @1.1918 also where the ichi cloud is. Further movement will be updated again.
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GBPCHF - Historical levelThe price is returned for retest level - the previous touch of the level more than 1 month ago. moreover, a strict namber of false breakdowns.
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