The GBP/CHF pair has been moving in a bearish trend, but momentum appears to be shifting. A strong bullish divergence has developed on the 1-hour chart, suggesting potential for a reversal.
Despite no clear reversal pattern at this stage, we’re eyeing a breakout above the last lower high (LH) as confirmation of a shift toward bullish structure. If the breakout occurs, we expect a new higher high (HH) to form, aligning with the divergence.
Retail sentiment is currently 90% long, which adds further interest to this setup. Our buy stop order is positioned to catch the move early, with a 1:1 risk-reward profile.
🔹 Pair: GBP/CHF
🔹 Timeframe: 1H
🔹 Trend: Bearish
🔹 Divergence: Bullish
🔹 Pattern: None
🔹 Sentiment: 90% Long (Myfxbook)
🔹 Bias: Neutral (awaiting structure shift)
🔹 Entry (Buy Stop): 1.08982
🔹 Stop Loss: 1.08207
🔹 Take Profit: 1.09757
🔹 Lot Size: 0.20
🔹 Risk/Reward: 1:1
🔹 Risk: $200
🔹 Potential Reward: $200
🎯 Strategy: Entry will only be triggered if price breaks above the previous LH. That would signal a shift in structure and validate the divergence setup.
📌 #GBPCHF #ForexSignals #BullishBreakout #PriceActionSetup #TrendReversal #SmartMoneyMoves #RetailSentiment #BullishDivergence #1HChart #ForexAnalysis #BuySetup #RiskReward
Despite no clear reversal pattern at this stage, we’re eyeing a breakout above the last lower high (LH) as confirmation of a shift toward bullish structure. If the breakout occurs, we expect a new higher high (HH) to form, aligning with the divergence.
Retail sentiment is currently 90% long, which adds further interest to this setup. Our buy stop order is positioned to catch the move early, with a 1:1 risk-reward profile.
🔹 Pair: GBP/CHF
🔹 Timeframe: 1H
🔹 Trend: Bearish
🔹 Divergence: Bullish
🔹 Pattern: None
🔹 Sentiment: 90% Long (Myfxbook)
🔹 Bias: Neutral (awaiting structure shift)
🔹 Entry (Buy Stop): 1.08982
🔹 Stop Loss: 1.08207
🔹 Take Profit: 1.09757
🔹 Lot Size: 0.20
🔹 Risk/Reward: 1:1
🔹 Risk: $200
🔹 Potential Reward: $200
🎯 Strategy: Entry will only be triggered if price breaks above the previous LH. That would signal a shift in structure and validate the divergence setup.
📌 #GBPCHF #ForexSignals #BullishBreakout #PriceActionSetup #TrendReversal #SmartMoneyMoves #RetailSentiment #BullishDivergence #1HChart #ForexAnalysis #BuySetup #RiskReward
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.