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It has invaded the imperial
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The country shall burn Again
GBP-CHF
GBPCHF RSI Bearish Divergence! [QUICKUPDATES]Hey all, the Trading Guru is back with another entry on a new series called 'Quick Updates'.
We just got a very strong rejection on GBPCHF after the price made an RSI Bearish Divergence. This means that a temporary top might have been printed, and a new bearish downtrend can start.
--- What is The Quick Update Series All About? ---
I am starting a new tag (quickupdates) where I quickly share great opportunities based on TA for shorter timeframes, such as 4h, 1h, and 15m. It will not contain just a short explanation, in order to keep the velocity up and make sure you get to see the opportunities as fast as possible.
Follow me for consistent high quality updates, with clear explanations and charts.
Please like this post if you learned something to support me.
- Trading Guru
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!
GBPCHF AnalysisAre we going to see a strong recovery on the board or just pullbacks and profit taking for more sells to enter the market? what's your opinion? have we already bottomed out?
GBPCHF SHORT TRADEGBPCHF is based below supply zone at level 1.1569
and below HVN at level 1.1601 which indicates that pair is in distribution phase
Price is below SMA 100 H1 frame
MACD shows bearish momentum
RSI is below level 50
we r waiting to break support level 1.3880 to open short trade to target demand zone at level 1.1115
GBPCHF for a buy based on news (Scalp)Based on news and support, we could see GBPCHF go for a long.
Scalping Take Profit: 1.1240-1.13+
GBPCHF Documented Type 1 trade reached PT +101 PipsHere is today's GBPCHF trade which took a little to get going but then easily reached it's PT (+101 pips).
good Solid trade, all 4 horseman aligned :)
Allen
GBPCHF Consolidating Range for tradingGBPCHF is consolidating for sometime we might see more consolidation in GBPCHF if anyone want to trade one can trade at support zone and resistance with stoploss . after break consolidation range on either side one can trade on breakout side for longer term perspective.
GBF/CHF short setupI post these charts of my trades for accountability reasons. I want to keep myself honest because this endeavor is a serious one. This trade was not based off of logic but fear. I wanted to be in the market because of FOMO. I have some work to do with regard to discipline
What will you do with 400 pips? BUY NOW!!#GBPCHF - Tendency: Bullish
Price just finished retracement and I see it move as much as 400 pips to the upside.
Like and Follow to show support for more analysis!
GBP/CHF - FALLING WEDGE - BUYPOTENTIAL TRADE: GBP/CHF
I am looking to enter long on this currency pair for the following reasons:
- Falling wedge chart pattern is very evident.
- Re-test of the previous resistance structure
- Buying the descending trend-line.
- Buying support zone has been slightly violated. Discounted price for bulls.
If you found this idea useful, leave a like and follow me for more analysis and trading signals.
If you have any questions, feel free to ask in the comment question. I respond to all comments!
You must always use correct risk management when following any analysis.
Happy Trading!
GBPCHF SHORT TRADEGBPCHF retested broken uptrendline
Price rejected from key level and 50% Fibonacci level of preceding bearish wave at 1.2713
Below SMA 100
MACD shows bearish momentum
RSI is in downtrend
Price is based below HVN at level 1.2675 which indicates that pair is in distribution phase
It's expected for price going down towards demand zone at level 1.2531
GBPCHF Possible Short Scenario by ThinkingAntsOkUse this as a guide to develop your setup.
Main items we can see on the 4HS chart:
a)The main ascending channel has been broken
b)After the Breakout, a corrective structure was formed
c)Currently, we can see a Flag Pattern (continuation structure)
d)We expect a continuation of the bearish movement towards the next support zone
GBPCHF Long IdeaA small long idea. Will see the reaction to the upper range resistance line before next move on this pair.
GBPCHF Risk off hit Asia, time for CHF to comeback ? short....Hi Traders,
all details entry, stop and target on the video
Enjoy
GBP CHF Sell SignalThis is a short swing trade for GBP CHf. This set up is 85% accurate. However, don't go huge on it lest we fall on the other 15% :)
Trade small lot and stay safe.
GBPCHF - FOREX - 03. FEB. 2020Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Very bearish market open today
4 HOUR
Prices dropped towards our support zone and price turn area
DAILY
Overall bullish market and pressure with a big pullback to the downside
and great long entries now!
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FOREX SETUP
BUY GBPCHF
ENTRY LEVEL @ 1.26310
SL @ 1.25770
TP @ 1.27390
RR: 2.0
Use 0.5% risk!
(Remember to add a few pips to all levels - different Brokers!)
Leave us a comment or like to keep our content for free and alive.
Have a great week everyone!
ALAN
Broke the wedge shape, LONG.It Broke the wedge shape] and came out a nicely upwards, pulled back and bounced nicely again upwards, also the macd divergence is very low comparing it, so let's wait for another pull back down and enter long with the stop loss behind the end of the wedge.
Don't miss the great sell opportunity in GBPCHFTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.2613). 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 downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 40.
Take Profits:
TP1= @ 1.2530
TP2= @ 1.2475
TP3= @ 1.2360
SL: Break Above R2
