The Swiss franc is a safe haven reference currency because of its history as a haven for wealthy individuals from foreign beaches looking to a safe guard capital. In contrast, the British Pound is one of the major reserve currencies and represents the largest financial center in the world.
Nice short opportunity. Price rejected at expected key level.
Haven't published publicly for a while! Quick short idea on GBPCHF. Initially looking from a weekly perspective, I have made a top down analysis, focusing on the H1 timeframe for a potential entry this coming week. As illustrated the August '19 low is proving to be a key zone of support, turned resistance and again support at around 1.16750. The 2020 wick low...
A Good Position to short due to the pullback towards the 0.3 Fibbs level and the candles being below the 90 EMA .
Price rejected at key level along with long tem trend.
The price has rebounded from its support level and making an up trend. If it breaks the neck line which will be its resistance level and first target then it may enter into the resistance zone.
Hello Everyone Here is an analysis on GBPCHF As we can see there is a head and shoulder pattern. The pair has made one shoulder and head and is about to make its secound shoulder.
GBPCHF can be a nice 600 PIPs short below the indicated support at once, But here we will take a more moderate trade yet enjoying 300+ PIPs at once!! Support - 1.2672 Entry - 1.2662 SL - 1.2864 TP - 1.2341 Supporting Fundamentals - The #Pound is fearing bears amidst all the Brexit Noises. Will update the idea as it progresses and make comments.
We are Bullish in GBPCHF. Only Buying in GBPCHF. We see potential up side move in this Pair
Trading 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...