SMART MONEY CONCEPTGBPCHF 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
GBPCHF trade ideas
GBPCHFWe provide GBPCHF 2 hour chart analysis. market move in trend channel if market brake high and come to retracement then entry buy position stop loss and target it's your choice. proper follow trading rules, money management etc. we provide daily 5-6 forex chart. and analysis next market move, chart pattern, forex, stock market crypto currency etc. forex chart analysis | forex trading strategy | forex trading plan | currency trading strategy
GBPCHF 4 Hour Analysis (20 June 2023)GBPCHF 4 Hour Analysis (20 June 2023)
1. Price is in channel
2. We can trade on channel breakout also
we can see the divergence with RSI
3. So, we are expecting bearish break
but if the channel breaks from up,
we can wait for retest then we can enter.
GBPCHF 4 Hour Analysis (9 June 2023)GBPCHF 4 Hour Analysis (9 June 2023)
1. Price is in a triangle
2. now, we have two Key Levels KL1 and KL2
3. If price breaks KL1, we need to wait for
a retest for bullish entry
4. If price breaks KL2, again we need to wait for retest
for a bearish entry.
5. For TP SL. we can see the Fib levels
GBPCHF SELLMarket breakout the Major trend line support level and retest of another trend line support level breakout after entering the trade
GBPCHFGBPCHF has formed MONTHLY falling wedge
In SIDE of monthly falling wedge it has contructed weekly falling wedge too
and now on hourly chart it has fomed triangle
Strong bulish if cross upper tarnde line of triangle
MUST MUST BUY
ONLY FOR EDUCATION
GBPCHFPrice approach at area of value and strong demand zone and made divergence structure shows bullish bias
GBPCHF about to RunGBPCHF is above on 200 EMA on both 1H and 4H
Now is making cymetrical triangle pattern.
Once break upper line of triangle and sustanin abobe
It may up further
EDUCATIONAL PUPOSE ONLY
GBP/CHF symmetrical patternHello Everyone , This Is our plan For The # gbp/chf pair .
price Is moving Within A Symmetrical Pattern And Has The Potential To break Any side .
We Will Be Wait For Breakout For Upside and Downside with 1 hour time Frame ..
Long On GBPCHF Buy Entry On GBPCHF
As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Our Trading Strategy Rule.)"
"Below All Conditions Are Meet To Take Long Entry On GBPCHF"
(1) Entry Price - 1.11060
(2) Stop Loss - 1.10680
(3) Take Profit - 1.12162
TIMEFRAME - 1 HOUR
Here I'm Going To Explain My Own Strategy Step By Step With The Help Of Word - "CEST - B" Where ,
"C" Stand For - CONDITION
(1) RSI For Long Entry - I Want RSI(14) In Oversold Area(30Level).
(2) RSI For Short Entry - I Want RSI(14) In Overbought Area(70Level).
(3) Candlestick For Long Entry - Need Bullish Big Shadow candle When RSI Is In Oversold Area.
(4) Candlestick For Short Entry - Need Bearish Big Shadow candle When RSI Is In Overbought Area.
(5) We Need Regular Divergence If RSI Is Not In Overbought or Oversold Area When Big Shadow Candle stick Form.
"E" Stand For - ENTRY
(1) For Long - Opening Price Of Previous Candle Of Bullish Big Shadow.
(2) For Short - Opening Price Of Previous Candle Of Bearish Big Shadow.
"S" stand For - STOP LOSS
(1) For Long - ATR(14) Of Bullish Big Shadow + Distance From Entry Price To Low Of Bullish Big Shadow + 2Pips Extra ( Spread).
(2) For Short - ATR(14) Of Bearish Big Shadow + Distance From Entry Price To High Of Bearish Big Shadow + 2Pips Extra ( Spread).
"T" Stand For - TAKE PROFIT
Take Profit Will Be 2.9 Times Of Our Risk Which Means If Our Risk On Single Trade Is 3% Then Take Profit Will Be 8.7% .
Risk - Reward Ratio - 1:3
"B" Stand For - BREAK-EVEN
(1) For Long - If RSI(14) Reach To Overbought Area We Will Move Our Stop Loss To The Break-Even.
(2)) For Short - If RSI(14) Reach To Oversold Area We Will Move Our Stop Loss To The Break-Even.
NOTE - Consistency & Discipline Is A Key Element Of Success.
GBPCHFThe triple bottom is a bullish reversal signal that can signal the end of a downtrend. In this case, the triple bottom indicates that the price of GBPCHF has found support at a certain level and is now reversing to the upside after three consecutive bottoms. This can be an indication that the downtrend has ended and a new uptrend is beginning. Therefore, it is a good idea to go long on GBPCHF.
Short On GBPCHF Sell Entry On GBPCHF
As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Our Trading Strategy Rule.)"
"Below All Conditions Are Meet To Take Sell Entry On GBPCHF"
(1) Entry Price - 1.12194
(2) Stop Loss - 1.12454
(3) Take Profit - 1.11440
TIMEFRAME - 1 HOUR
Here I'm Going To Explain My Own Strategy Step By Step With The Help Of Word - "CEST - B" Where ,
"C" Stand For - CONDITION
(1) RSI For Long Entry - I Want RSI(14) In Oversold Area(30Level).
(2) RSI For Short Entry - I Want RSI(14) In Overbought Area(70Level).
(3) Candlestick For Long Entry - Need Bullish Big Shadow candle When RSI Is In Oversold Area.
(4) Candlestick For Short Entry - Need Bearish Big Shadow candle When RSI Is In Overbought Area.
(5) We Need Regular Divergence If RSI Is Not In Overbought or Oversold Area When Big Shadow Candle stick Form.
"E" Stand For - ENTRY
(1) For Long - Opening Price Of Previous Candle Of Bullish Big Shadow.
(2) For Short - Opening Price Of Previous Candle Of Bearish Big Shadow.
"S" stand For - STOP LOSS
(1) For Long - ATR(14) Of Bullish Big Shadow + Distance From Entry Price To Low Of Bullish Big Shadow + 2Pips Extra ( Spread).
(2) For Short - ATR(14) Of Bearish Big Shadow + Distance From Entry Price To High Of Bearish Big Shadow + 2Pips Extra ( Spread).
"T" Stand For - TAKE PROFIT
Take Profit Will Be 2.9 Times Of Our Risk Which Means If Our Risk On Single Trade Is 3% Then Take Profit Will Be 8.7% .
Risk - Reward Ratio - 1:3
"B" Stand For - BREAK-EVEN
(1) For Long - If RSI(14) Reach To Overbought Area We Will Move Our Stop Loss To The Break-Even.
(2)) For Short - If RSI(14) Reach To Oversold Area We Will Move Our Stop Loss To The Break-Even.
NOTE - Consistency & Discipline Is A Key Element Of Success.
Short On GBPCHF Sell Entry On GBPCHF
As A Trader I Completely Believe On Sentence " TRADING IS SO SIMPLE (If We Stay Consistent & Discipline With Our Strategy) BUT NOT EASY (If We Start Breaking Our Trading Strategy Rule.)"
"Below All Conditions Are Meet To Take Short Entry On GBPCHF"
(1) Entry Price - 1.11695
(2) Stop Loss - 1.12075
(3) Take Profit - 1.10593
TIMEFRAME - 1 HOUR
Here I'm Going To Explain My Own Strategy Step By Step With The Help Of Word - "CEST - B" Where ,
"C" Stand For - CONDITION
(1) RSI For Long Entry - I Want RSI(14) In Oversold Area(30Level).
(2) RSI For Short Entry - I Want RSI(14) In Overbought Area(70Level).
(3) Candlestick For Long Entry - Need Bullish Big Shadow candle When RSI Is In Oversold Area.
(4) Candlestick For Short Entry - Need Bearish Big Shadow candle When RSI Is In Overbought Area.
(5) We Need Regular Divergence If RSI Is Not In Overbought or Oversold Area When Big Shadow Candle stick Form.
"E" Stand For - ENTRY
(1) For Long - Opening Price Of Previous Candle Of Bullish Big Shadow.
(2) For Short - Opening Price Of Previous Candle Of Bearish Big Shadow.
"S" stand For - STOP LOSS
(1) For Long - ATR(14) Of Bullish Big Shadow + Distance From Entry Price To Low Of Bullish Big Shadow + 2Pips Extra ( Spread).
(2) For Short - ATR(14) Of Bearish Big Shadow + Distance From Entry Price To High Of Bearish Big Shadow + 2Pips Extra ( Spread).
"T" Stand For - TAKE PROFIT
Take Profit Will Be 2.9 Times Of Our Risk Which Means If Our Risk On Single Trade Is 3% Then Take Profit Will Be 8.7% .
Risk - Reward Ratio - 1:3
"B" Stand For - BREAK-EVEN
(1) For Long - If RSI(14) Reach To Overbought Area We Will Move Our Stop Loss To The Break-Even.
(2)) For Short - If RSI(14) Reach To Oversold Area We Will Move Our Stop Loss To The Break-Even.
NOTE - Consistency & Discipline Is A Key Element Of Success.
Long On GBPCHF Buy Entry on GBPCHF.
Entry price , Target & Stop loss all the details Available in Screenshot.
GBP/CHF triangle patternNow GBPCHF is Trading in Ascending triangle channel And Its Test Lower trend line Support Area .
If GBP/CHF Hold This level then we can see good movement in GBP/CHF Coming days .
Trade With Your Risk management And Use Stop loss .
GBPCHF 1H, BULLISH signalThis pair bullish trade setup base of support and resistance and pin bar, GBPCHF retest again 1.14620.
STOP LOSS 24 pips
TAKE PROFT 48 pips
Buy idea on GBPCHFPound is bullish due to macroeconomic release buy only on breakout with retest.
Note:
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NEW IDEAPlease check analysis on GBPCHF.
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This trade is just for prediction.
Thanks
GBPCHF 240, Continue DowntrendGBPCHF is continuing downtrend on the 4 h chart. So that the only open SELL trade this time. Today market close and this pair price 1.11409 on current time, And retest again on the 1.2200 key level. My first target 1.09300 and second target 1.05200.
