Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
Disclaimer:- This is not A BUY OR SELL recommendation. please Consult with your financial advisor or with broker before taking any trade,
this post is for educational purpose only . warning :- do not jump directly or do not copy my trades
DO your analysis properly
Currently the British Pound is showing weakness against several pairs due to change in fundamentals last week, and is expected to fall, so we can consider it to sell against the swiss franc and aim for 1.10908. Also there is a cypher pattern formation on the daily timeframe, must use stop-loss.
Note - This is my personal analysis and not financial advice, before...
GBPCHF Technical Analysis According Lone Because, GBPCHF Moved in Ascending Channel And it has Completed it 78% Right Correction. Now I think GBPCHF is the Sell. for Short Time Trade.
Price is rising towards the supply zone which aligns with the 50% Fibonacci retracement and the long-term moving average 100.
As you can see, the price is also moving in an ascending channel on the H4 timeframe.
In my analysis, I believe a breach beneath the lower part of the channel could lead momentum carrying price to the downside.
I'm bearish biased.
Short!
The pound Sterling extended its reigns over the United States Dollar (USD) this week, pushing GBP/USD to the highest level in three months above 1.2700. Traders brace for the US Nonfarm Payrolls (NFP) in the upcoming week, keeping the sentiment around GBP/USD underpinned.
GBPCHF breaks and retests the support area its a great opportunity to sell the market with...
Daily GBP/CHF Price Action Is Showing Price Again 1.10800 Level with Strong RSI movement and cross 60 level and broke 50 EMA and Sustain Above It..
It Could Be Good Swing trade for 10 to 15 days .
Stop loss :- exit if Price Close Below 20 Ema With Daily Price Action.
Target :- 90 and 180 pips
Technical Analysis: Identification of a downtrend in GBP/CHF on the daily chart.
Double Bottom Pattern: Recognizing a double bottom pattern, characterized by two troughs at a similar price level, indicating a potential trend reversal.
Execution:
Entry Point: Initiate a long position (buy) after the confirmation of the double bottom pattern. Confirmation can be...
Trade Idea:
📍 Entry: 🎯 Target: ⛔ Stop Loss: (MARKED IN CHART)
💡 RISK REWARD 1 : 3
💰 Risk 1% of your trading capital.
⚠️ Markets can be unpredictable; research before trading.Disclaimer: This trade idea is based on Elliott Wave analysis and is for informational purposes only. Trading involves risks; seek professional advice before making any financial...
GBPCHF IS BEARISH market has taken out inducement now we will see how market response on firts order block then we can sell otherwise we will sell on order block
