GBPCHF completing the head and shoulders!Idea on Chart!
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GBP-CHF
GBPCHF SS Short + 60 Pip PotentialPrice is below the Daily and the 15 KS as well as the cloud, but above the 60 KS. This is a Type 2 trade with a High probability and good RRR.
Entry = enter short on a CLOSE, not a penetration, below the 60 KS at 1.25932
Stop = approx 1.2610
Risk = 20 pips
Profit target = 1.2530 ( The projected daily low )
Reward = 60 Pips
RRR = 3-1
GBPCHF SS Short + 90 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.2641
Stop =1.2661
Risk = 20 pips
Profit target = 1.2551
Reward = 90 Pips
RRR = 4.5 -1
2nd Entry = 1.2608
Stop =1.2638
Risk = 30 pips
Profit target = 1.2551
Reward = 57 Pips
RRR = 2-1
GBP CHF Continued Sell OffI see weakness in the pound and this trade should scalp 200-300 pips profit as it falls to resistance represented by the green line.
Looking for this down move on GBPCHFAny sell setup you get take it.It will give you good RR. Trade with care
GBPCHF SS Short + 90 Pip PotentialPrice is below the Daily, 60 and 15 KS as well as the cloud. This is a Type 1 trade with a High probability and good RRR.
2 Potential entries (it is one or the other, not both)
Entry = 1.2962
Stop = 1.2982
Risk = 20 pips
Profit target = 1.2872 ( The projected daily low )
Reward = +90 Pips
RRR = 4.5-1
2nd Entry = 1.2937
Stop =1.2967
Risk = 30 pips
Profit target = 1.2872 ( The projected daily low )
Reward = 65
RRR = 2.1 -1
GBPCHF Potential Homerun LongGBP has been weak for several days and CHF Strong. this pair has now formed a triple bottom with compression at 1.3099. Although the cloud remains thick, it is flattening. There is a high probability that this pair can explode up to The Daily Senkou A at 1.3109 (the Green line)
Entry = 1.30115 (accouting for spread)
Stop =1.29915
Risk = 20 pips
Profit target = 1.3109 ( The Daily Senkou A )
Reward = 98
RRR = 4.9 -1
SHORT GBPCHF Continues Downward to Test 1.272 Extension AB=CDGBPCHF is continuing to fall as predicted in my previous idea:
After reversing off of the .5 fib retracement, I expect the pair to continue downward to the 1.272 extension of the most recent bearish impulse leg.
We also have a potential ABCD Pattern forming, with the D point converging with the 1.414 extension of the recent bearish impulse leg.
Trade:
Sell at market
Stop above .5 retracement
Take Profit at 1.272 Extension
GBPCHF might be down for a whileIt seems it might go down for a while. Still GBP pairs are in risk. so if going to trade, manage risk. GBPCHF
GBPCHF - LONG POSSIBILITYAT FIRST SEEMS LIKE A BREAKOUT BUT IT WAS JUST TO TOUCH THE TREND LINE THEN BUY TO THE NEXT RESISTENCE
GBPCHF Double Top, Overbought RSI on DailyGBPCHF has formed a double top paired with overbought RSI on the daily timeframe. If we manage to break the rising channel and the 1.3265 level of structure, I expect the pair to reverse to the downside.
GBPCHF Head and Shoulders Near Completion + RSI DivergenceThe Pound Swiss has almost formed a head and shoulders reversal pattern coupled with clear RSI Divergence
If price action continues downward, I will sell the retest of the broken neckline, with my target at the .382 retracement of the impulse leg--a level with structure confluence.
GBP CHF SELL (POUND STERLING - SWISS FRANC)Hi there. Price is forming a continuation pattern on lower time frame. Wait for the price to complete the pattern and watch strong price action for sell.
GBP/CHF Head and shoulders shortAs we completing the right shoulder we are looking at an attractive risk reward right here
Don't miss the great buy opportunity in GBPCHFTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.3196). 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 62.
Take Profits:
TP1= @ 1.3329
TP2= @ 1.3415
TP3= @ 1.3815
SL= @ 1.3170
