GBPCHF might pull back to the trendline | 4 Aug GBPCHF might pull back to the trendline and it would be a good entry to ride the trend!
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GBP-CHF
GBPCHF reversed to bearish trend, potential drop! | 5 AugGBPCHF reversed to bearish trend , potential drop!
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GBPCHF reversed to bearish trend, potential drop! | 5 Aug GBPCHF reversed to bearish trend, potential drop!
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GBPCHF might pull back to the trendline | 4 AugGBPCHF might pull back to the trendline and it would be a good entry to ride the trend!
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GBPCHF on a rising trendline | 23 July 2020 GBPCHF is on a rising trendline and could bounce higher !
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GBPCHF on a rising trendline | 23 July 2020GBPCHF is on a rising trendline and could bounce higher !
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GBP/CHF Weekly Forecast (27th July - 31th July)Weekly swing trade on the GPB/CHF. The price is at the bottom of the channel, in case of a breakout, a trade with a great return risk ratio can be opened. The weakening of the pound is expected on a fundamental basis. (failure of customs negotiations with the EU.
GBPCHF - Buying dips towards the lower end of the channel GBPCHF is Bullish - We look to Buy at 1.1780
▪️ Negative overnight flows lead to an expectation of a weaker open this morning.
▪️ Trading within a Bullish Channel formation.
▪️ We have a 78.6% Fibonacci pullback level of 1.1776 from 1.1732 to 1.1937.
▪️ Bespoke support is located at 1.1780.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.1780, resulting in improved risk/reward.
Stop: 1.1745
Target1: 1.1915
Target2: 1.1935
Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.18200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 1.18950
TP2= @ 1.19517
TP3= @ 1.20280
TP4= @ 1.21220
TP5= @ 1.22000
SL= Break below S2
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Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.18200). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. GBPCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 68.
Take Profits:
TP1= @ 1.18950
TP2= @ 1.19517
TP3= @ 1.20280
TP4= @ 1.21220
TP5= @ 1.22000
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . . Drop some feedback below in the comment!
❤️ Your Support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex trader ?
Now, It's your turn !
Be sure to leave a comment let us know how do you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
BULLISH FLAGFinally the INVERSE AND SHOULDERS is broken and we have a another chart pattern formed on the NECKLINE in expectation of the retest giving us a FLAG pattern which signifies the bulls are currently in the market
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GBPCHF H4Another good pair with a lot of upside potential, as price previously broke out of the falling wedge trend reversal pattern. Price is now forming an inverse head on shoulders bullish trend pattern. Watching for a breakout of the resistance zone above to confirm that price will create a new higher high & continue the new uptrend.