GBPCHF | CONSOLIDATION AT SUPPORTGBPCHF is consolidation at important support level where reaction have been seen in the past.
Price action suggest weakness in bearish trend after broken of trendline and restesting it.
If support honored and price break the box, one can attempt bullish trend from here.
Trade and manage your levels accordingly.
Gbpchflong
GBPCHF Impulse Correction Continuation Welcome back! Here's an analysis of this pair!
**GBPCHF- Impulse leg on daily and 4 hr. followed by corrective wave/bullish flag. If we get the breakout, our target is 2400 zone (previous resistance).
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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GBPCHF ,2H LONGIn This GBPCHF Chart We Can Easily That the Market Has Braked The structure To the Upside Firstly And Then Now came To the ORDER BLOCK Area..
Also it Has Liquidity on The Upside . So now From Here The Market Should need to go to The Upside to Take Out The Stop-Loss Of The Retail Traders
GBPCHF LONG - Buy Entry - H4 ChartGBPCHF LONG - Buy Entry - H4 Chart
Buy @ Market
Symbol: GBPCHF
Timeframe: H4
Type: BUY
Entry Price: Buy @ Market
Pivot Point Yearly @ 1.2441
Resistance @ 1.22680
Resistance @ 1.22302
Support @ 1.21212
Support @ 1.20921
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GBPCHF | Perspective for the new week | Follow-up detailsA follow-up detail on the GBPCHF was published last week (see link below for reference purposes) where we closed with around 60pips profit when the price hit our stop-loss.
Now, the structure is tending to reveal to us another opportunity to give a buy situation another chance as the bullish trendline identified on the 1H time frame shall serve as our yardstick for a trend continuation.
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a 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.
GBPCHF | BULLISH SIGNGBPCHF on daily timeframe has been trading in bearish parallel channel and price has taken support from horizontal area which remains reactive in the past.
We are expecting increase of more than 150 pips from the current level as long as it holds the support area.
Trade your levels accordingly.
GBPCHF | Perspective for the new week Price presently evolving out of the demand zone identified on the 4H time frame coupled with structures identified on the lower time frame suggests a bullish potential in the nearest future. Let's see how price action plays out in the next couple of hours! Cheers
Risk Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a 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.
GBPCHF SELL, then BUY!!GBPCHF seems to have formed a beautiful Gartley pattern on a 4 hour chart ! the pattern will soon be fulfilled as it reaches the 127.2 Fibonacci level of XA. after which i expect a pullback in the upward direction . For now , i expect a sell till 1.2177 followed by a bullish move to 1.2413 .
GBPCHF | BUY ON SUPPORTGBPCHF has been trading in a range and we have a good horizontal support out there at 1.22600 level where buyers push the price to near 1.24100 level where once again the seller will try to push the price lower.
Alternatively, if support breaks then we can have more bears in the party.
Trade your levels accordingly.