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Gbpchftrade

GBP/CHF - break-out from daily ascending trend channel on 4HThere has been significant volatility in the markets today and GBP/CHF has been no exception. Price has pushed to the downside and on the 4H timeframe has broken out of the daily ascending trend channel that has kept price in check since July. Price did break to the upside from the daily ascending channel last week, however, failed to post a higher high on the daily time frame. Combined with the overall weekly bearish trend, we will be looking to enter a short position from here, once we have confirmation that price will not re-enter the channel structure. We will wait for a retest of the channel or a further push to the downside potentially breaking support at 1.1905. If the channel is retested initial targets will be 1.1905 and a secondary target at 1.1885.
Short
by TheForexFellows
GBPCHF NEXT TRADE SETUP(LONG BUY)Its looks like it made need to do a small correction sell direction with corrective setps movement before continuing climbing towards Long. We have some bearish divergence on the 1 minute time frame with the MACD crossing above.Its rising in the smooth Uptrend. As the price bounced from the trend line we establish Support zone there and after the bounce from the latter and Bullish Engulfing expect the pair to rise, good chance to capture good pips but as you can see D1 & W1 time frame it has beraish moves continuously . Entries should be applied if all the rules are applied. Do below comment us for instance.
Long
by TradingSwirls
GBPCHF Analysis Buy & Sell Positions Here in GC i'm focusing on buying as well as on sell. So, Firstly focusing on buy then we have a trend which is about to break as it bounce from the support zone which is absolutely strong..Also over that support zone we have a Zone in which is trying to move...... and if we talk about its resistance which is seems to be same that's mean its the base from where sell trade is so good but now according to situation we are on buying it .....if it break the support zone @1.165 then we hold a sell trade till its next support & from there we finally buy it.......... All zones are clearly shown in charts so it depends on you how you see the market, if your mind caught it you're happy to take it otherwise patience till your blue trade...... I Hope From This You Got Some New Idea On GC ........
by PremiumAbd