Gbpchf magnetize to 1.1550 zone?Could it break higher high?
Looking for long as still supported by higher timeframe...
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GBP-CHF
GBPCHF - Short term bias is bullish.GBPCHF - Intraday - We look to Buy at 1.1380 (stop at 1.1320)
Selling pressure from 1.1535 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Our profit targets will be 1.1550 and 1.1575
Resistance: 1.1575 / 1.1905 / 1.2445
Support: 1.1305 / 1.1035 / 1.0700
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GBPCHF Swing: Bullish Run PrevailsPivot:
1.1200
Our Preference:
Long Position above 1.1200 (SL) with Targets at 1.1500 and 1.1700
Alternative Scenario:
Below 1.1200 look for further downside with 1.1050 and 1100 as targets
Comments: Enjoy this free signal and Don't forget to comment your suggestion or hit my private message. Always available to Talk
GBPCHF a short opportunity 🦐GBPCHF on the 4h chart tested the supply zone at the 1.14 area.
The market created a double top over the resistance area and IF the price will break below the support i will set a nice short order according to the Plancton's strategy rules.
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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.
GBPCHF a short opportunity 🦐GBPCHF on the 4h chart tested the supply zone at the 1.14 area.
The market created a double top over the resistance area and IF the price will break below the support i will set a nice short order 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.
💵British Pound/Swiss Franc💵Analyze (10/18/2022)!!!The British Pound/ Swiss Franc moved as I expected 👇✅
I expect the British Pound/ Swiss Franc will go down until the support zone.
🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Timeframe 2H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GBPCHF Best long-term buy signal since COVID-------------------------------------------------------------------------------
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The GBPCHF pair almost hit early this week the Lower Lows trend-line of the multi-year Bearish Megaphone pattern that it has been trading in since June 05 2017. At the same time, the RSI on the 1M time-frame printed its lowest value since the October 31 2016 candle. This combination is a strong buy signal on the long-term and confirmation comes when the 1D MA50 (red trend-line) breaks.
As you see, every time the price broke above the 1D MA50 following a Megaphone bottom, the pair targeted both the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line).
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JPY Jumps As Japan IntervenesThe European session saw the release of both the SNB's and BoE's latest monetary policy decisions. The SNB announced a 75 basis point hike, taking the Policy Rate to 0.50%, while the BoE announced a 50 basis point rate hike, taking the Offical Bank Rate to 2.25%.
As the SNB and BoE faced outside bets for more aggressive rate hikes, and both failed to provide any particularly hawkish rhethoric beyond expectations, CHF and GBP weakened after their respective central bank announcements in a buy the rumour sell the fact fashion .
Elsewhere, JPY has come into focus, with the currency rapidly appreciating across the board. USDJPY tumbled over 500 pips to below the 141.00 handle and GBPJPY to below the 160.00 handle.
Strength in the safe-have is the direct results of intervention in the currency by Japanese authorities, who have warned of such action over recent months due to the speed and size of JPY's recent decline. This is the first time Japan has intervened in the value of JPY since 1998.
Looking ahead, today's US economic calendar is light on tier one data, keeping the market's focus on monetary policy, given the recent announcements from the FOMC, BOJ, SNB and BOE. Other ongoing themes to note are the prevailing risk tone, the global economic outlook and rising tensions between the West and Russia with regard to the invasion of Ukraine.
💵British Pound/Swiss Franc💵Analyze (9/22/2022)!!!The British Pound/Swiss Franc was able to make a beautiful Bullish Engulfing Pattern. And British Pound/Swiss Franc managed to reach trend line 1 and, as a result, managed to break it.
We are currently seeing a pullback to trendline 1.
I expect the British Pound/Swiss Franc to go up to at least trend line 2 & resistance zone.
🔅British Pound/Swiss Franc Analyze (GBPCHF) Timeframe 1H⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
GBPCHF NEW LOWS Price has broken below the covid 2020 market lows and pushed into the 1.1050 region which price has not tested since 1974. 2 scenarios here, a rejection of my shown level consisting of the 2020 low (old support now resistance), downtrend and the 4 hour 50EMA is likely to move to the same level will then send me short. Or option 2 a breakout to the upside showing a obvious trend change will create my long zone.
Bias is still for lower levels on GBPCHFGBPCHF - Intraday - We look to Sell at 1.1305 (stop at 1.1330)
Preferred trade is to sell into rallies. Previous resistance located at 1.1300. There is ample scope for a move lower from this important resistance. The bias is still for lower levels and we look for any gains to be limited.
Our profit targets will be 1.1203 and 1.1171
Resistance: 1.1300 / 1.1420 / 1.1527
Support: 1.1218 / 1.1160 / 1.000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'
GBPCHF long before huge SELL off.GBPCHF has potential to go up to 1.14380 or 1.14750 before we see a big move to the down side, we will probably see a new 2 year low.
We have high liquidity that has to get taken off before the drop (marked with £££)
What do you guys think?
Please leave a comment and like the idea! :)
GBPCHF expected to stall near trend line resistanceGBPCHF - Intraday - We look to Sell at 1.1371 (stop at 1.1406)
The medium term bias remains bearish. 50 4hour EMA is at 1.1373. Prices expected to stall near trend line resistance. Expect trading to remain mixed and volatile.
Our profit targets will be 1.1269 and 1.1210
Resistance: 1.1370 / 1.1427 / 1.1527
Support: 1.1358 / 1.1285 / 1.1200
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.'