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Gbpchfshort

GBPCHF Reaching A Level Of Strong Resistance!!!Currently, we managed to see GBPCHF moving towards a level of great resistance where we saw multiple rejections. After moving to this area, I will expect a BEARISH retracement back to 23.6 fib level also where a support level lies @1.2120. This will be an important level to lookout for if there are still BULLISH strength to this pair as a potential rejection from there could potentially means more to the upside and a breakout of 1.2192 resistance level. As of now, I see a great short opportunity to the support level at the same time observing for a breakout of the support to hold my trade to the next support level @1.9120. Do remember to watch out for potential rejection at 1.2120 if you plan to TP at a lower price. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
4
Time to short GBPCHF?GBPCHF has alligned perfectly for a correction here. We saw impulsive movements earlier in the month, which are now followed up by a corrective phase. As of now, we are bearish as GBPCHF rejects off the 61,8% fib level and is signaling a drop soon. Should we see price exit the rising wedge, we could safely enter, but for those interested in an aggressive entry method, like me, we go in now with a stop loss above the previous High. Let's see what this pair can bring us in.
Short
by Faizxn_ah
GBPCHF Sell Opportunity!!! Bullish Retracement Completed!!!We can see that BULLISH strength is starting to weaken as it recently moves near the 50.0 fib level. For now, I will be seeing great BEARISH pressure from 50.0 fib - 61.8fib level max. Having said that, 61.8 fib price level is also where a strong resistance level lies (@1.2120). You can choose to enter a few trades for this pair at the various level or if you will want to take the risk you can enter at 50.0 fib level. I will see this pair moving to the support level @1.1918 also where the ichi cloud is. Further movement will be updated again. Kindly hit the LIKE Button if you agree with my analysis and feel free to COMMENT your idea below. As for those who are keen to get daily updates and analysis from me feel free to FOLLOW me. Cheers and Happy Trading!!
Short
by YGForex
Two Options for GBPCHF Movement. Feel free to commentGBPCHF has been moving as expected thus far. Big movers (banks) appear to be taking profit on their buy orders and have potentially begun acquiring buy orders. To verify this info I would look for a push down due to a lack in volume and too high orders that force market down. From here we will see what they plan to do. A move further down would below lower level would hint at an accumulation of more buy orders and thus could expect a push up later in the week or the start of next. A brief (few hours or day) move down to the lower level then back up to the current level or above would validate my suspicion of the Big Movers taking position for the Sale to come. The volume of willing participant will effect the time-frame of these movements so I will be hoping that Volume is above the 20 avg. to make this movement go smoothly. Otherwise, some prolonged ranging in the markets as they try to accumulate and dump as many positions as volume will allow. FX:GBPCHF
by joelittlenc
1
📊 GBP-CHF CHART ANALYSIS🌼 Currently running trade, our analysis here is based on the breakout below 1.20300 in line with our ABC Elliot waves correction, as the brexit uncertainties continues and the surge in covid cases we expect the sterling to drop further below 1.18000 price level again which sits on the trend support. 💭 In attached chart you could see the trend breakout and elliot wave correction on the H4 and the ranging chart on the D1 our entry in H1 TF below the bearish flag penant indicating a clear confirmation of a bearish call. 💚Regards The NiclaxFX Team™️
Short
by niclaxfx
GBPCHF, 4hr tf, Head and shoulders pattern to materializedHello my friends, Another setup for you is GBPCHF pairs. This pair has moved in a sideways direction for the last 7 weeks since late September until now. There is no clear direction from this pair and i think we could finally see some strong movement soon. I am more bearish to this pair because the last 2 days, CHF was so strong. You could see after marking my hozitontal support and resistance, i drew a trendline and price now below this ascending trend line. At the same time, a head and shoulders pattern also completed and we could see price break the neckline soon. The measured objective of this pattern is around 160-170 pips. Sell GBPCHF 1.1845 Stop loss 1.1890 Take profit 1.1645 (4.4R) RR ratio 1 : 4.4 Use only 1-2% risk Good luck If you find this post useful, please like my posts and follow me for my next updates. Check my bio as well to find something interesting.
Short
by HayatoDragonFX
2