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GBP-CHF

GBPCHF 750 PIP LONG!Hello traders, Today we are looking at GBPCHF where we are expecting bullishness. Why are we entering? Price has rejected our lower trendline and structure where we can see clear rejection We have completed our 5th subwave in our impulsive wave, therefore we are expecting a correction We have 2 clear confirmations for a price reversal What is our confirmations? Break of our descending Watch for Break trendline - this shows price has clearly broken our bearish structure We are waiting for a break of our descending 2HR EMA as this has been highly respected on our descent Where are we taking profit? We are looking to take profit at point A in our corrective wave which is 750 pips away (1.229) Be sure to secure profit multiple times along the way as we can reverse at any point Where is our stop loss?] We are placing our stop loss below the previous low (1.15) Move stop loss to break even after we run 30 pips to prevent any possible loss
Long
by Pips-Collector
GBPCHF Strong buy opportunityLast time we analyzed the GBPCHF pair was a sell opportunity: This time with a Channel Down having been developed inside the longer term Bearish Megaphone pattern, the price almost hit the Lower Lows trend-line yesterday. With the RSI printing a familiar bottom formation, this is a strong medium-term buy opportunity. The target is the 1D MA200 (orange trend-line), which has been hit during the previous two Lower Highs. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
5
GBPCHF a short opportunity 🦐GBPCHF on the daily chart is moving inside a daily descending channel . The price after the test of the 1.25500 area dropped exactly at the monthly support and from there retraced perfectly at the 1.24500 level. How can we approach this scenario? Currently, the market is testing once again the resistance area and if the pair will break below we will move on the 4h chart to search for an entry point according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
4
Joe Gun2Head Trade - Still looking for downside on GBPCHFTrade Idea: Selling a retest of the broken range Reasoning: CFTC data recorded a renewed net advance in short non-commercial Sterling positions Entry Level: 1.2076 Take Profit Level: 1.1705 Stop Loss: 1.2126 Risk/Reward: 7.5:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
GBPCHF a short opportunity 🦐GBPCHF on the daily chart is moving inside a daily descending channel . The price after the test of the 1.25500 area dropped exactly at the monthly support and from there retraced perfectly at the 1.24500 level. How can we approach this scenario? Currently, the market is testing once again the support area and if the pair will break below we will move on the 4h chart to search for an entry point according to the Plancton's strategy rules. --–– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question. The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger.
Short
by InkyGrip
2
Joe Gun2Head Trade - Selling a retest of the broken range (Pt2)Trade Idea: Selling a retest of the broken range Reasoning: Break down on yesterdays PMI number. Lower prices expected. Entry Level: 1.2064 Take Profit Level: 1.1708 Stop Loss: 1.2125 Risk/Reward: 5.93:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
Joe Gun2Head Trade - Selling a retest of the broken rangeTrade Idea: Selling a retest of the broken range Reasoning: Break down on yesterdays PMI number. Lower prices expected. Entry Level: 1.2072 Take Profit Level: 1.1707 Stop Loss: 1.2118 Risk/Reward: 7.89:1 Disclaimer – Signal Centre . Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
Joe Gun2Head Trade - Trading the range on GBPCHF (Part 3)Trade Idea: Range play on GBPCHF Reasoning: Nice looking range setup. Targeting a move to the upper end. Entry Level: 1.2130 Take Profit Level: 1.2422 Stop Loss: 1.2067 Risk/Reward: 4.69:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
1
Joe Gun2Head Trade - Trading the range on GBPCHF (Part 2)Trade Idea: Range play on GBPCHF Reasoning: Nice looking range setup. Targeting a move to the upper end. Entry Level: 1.2147 Take Profit Level: 1.2416 Stop Loss: 1.2076 Risk/Reward: 3.75:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Long
by Signal_Centre
2