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GBPCHF

Zigzag pattern! or the maturity of a rising marketDear analysts and traders, I hope you are doing well and are motivated for the week ahead. I wish you all the success in your business endeavors. Remember that success in trading lies in consistently defining and sticking to your rules. As someone interested in the Elliott Wave Principle, I find it to be an invaluable tool for market analysis. I have developed my approach by combining this principle with my personal experience and by considering different scenarios that are likely to occur in the market. It should be noted that I do not like to be surprised in the market, and that's why I have different market prospects. I follow them to be sure and recognize the structure that is forming so that I can 100% recognize it. I will share my analysis with you, but please note that I am not providing any buy or sell signals. My perspective on idea analysis is completely unbiased, so if the idea analysis meets your standards, you can use it as a guide to make an informed decision. I have attached my previous analysis of the same market so that you can compare and see the differences. All the details of my analysis are clearly labeled, making it easy for you to understand. However, having a basic familiarity with the Elliott Wave Principle theory will help you understand the analytical idea more easily. I have been studying the Elliott Wave Principle for almost three years now, and over time, my understanding of this knowledge and experience has grown. What I have achieved so far is the legacy of a genius called Ralph Nelson Eliot, and I am really happy with my progress. May peace be upon him. Thank you for your support so far. I will always remember your kindness. Please share your comments and criticisms with me. I hope my analysis will be useful to you in your business journey, and I wish you all the best. Sincerely, Mr. Nobody
Long
by mehdi47abbasi79
GBPCHF, Resistance Pullback?GBPCHF on the weekly timeframe indicates a potential trading opportunity based on technical analysis. Currently, the price is nearing a resistance trendline, suggesting a possible impending pullback. The rationale behind this analysis lies in the observation that the price has approached a significant resistance trendline. Historically, such levels have acted as barriers to further upward movement, often triggering a reversal in price direction. In this scenario, traders may anticipate a bearish movement, with a target set towards the psychological level at 1.111. This level is chosen based on its historical significance as a point where price action may stall or reverse.
Short
by DNP-FX
GBPCHF - 4hrs ( Buy Trade Target Range 150 PIP ) 💵Pair Name GBP/CHF Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Long ) Intra Day Type : Mid Term Swing —————————— Bullish Break 1.12900 Area Reasons - Major Turn level / D - Fixed Range Poc - Choch - Ultra Volume - D H + W Bearish Reversal 1.14500 Area Reasons - Pattern Target - Major Turn level / M - Ultra volume - Fixed Range Poc - Fibo Golden
Long
by GoldenEngine
6
GBPCHF What Next? SELL! My dear subscribers, GBPCHF looks like it will make a good move, and here are the details: The market is trading on 1.1300 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 1.1272 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
Felt weakness in GbpChf..lets see..ello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Watching for this sideway on h4 to breakout...lets see... Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
GBPCHF Technical Analysis! SELL! My dear followers, This is my opinion on the GBPCHF next move: The asset is approaching an important pivot point 1.1256 Bias - Bearish Safe Stop Loss - 1.1278 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.1220 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
GBPCHF Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
Short
by ShahedZare
Gbpchf pretty extended, long with careHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Still looking to long but long with care... Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
GBPCHF Expected Growth! BUY! My dear followers, This is my opinion on the GBPCHF next move: The asset is approaching an important pivot point 1.1265 Bias - Bullish Technical Indicators: Supper Trend generates a clear long signal while Pivot Point HL is currently determining the overall Bullish trend of the market. Goal - 1.1277 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
GBPCHF A Fall Expected! SELL! My dear friends, GBPCHF looks like it will make a good move, and here are the details: The market is trading on 1.1271 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 1.1242 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
GBPCHF Analysis on Weekly Time Frame GBPCHF: Anticipating a Bullish Breakout from Falling Wedge The GBPCHF pair is showing signs of forming a falling wedge pattern on the weekly chart, a development that typically signals bullish momentum ahead. This pattern is recognized by converging trendlines that slope downwards more steeply at the resistance line than at the support line, suggesting a slowdown in the downtrend and a potential reversal. Key Observations: Pattern Development: The falling wedge is not yet complete, but the converging trendlines suggest its formation. Bullish Signal: This pattern often precedes a bullish breakout, indicating a potential reversal of the preceding downtrend. Volume: Look for declining volume as the pattern develops, which often leads to a volume spike upon breakout. Trade Strategy: Entry Point: Consider a long position if a breakout above the upper trendline occurs. Stop Loss: Place a stop loss just below the most recent swing low within the wedge. Take Profit: The height of the wedge at its widest point can be used to project the upward target from the breakout point. Risk Management: Confirmation: Await confirmation of the breakout with an increase in volume. Market Sentiment: Keep abreast of market news and sentiment, as these can influence the breakout’s strength and sustainability. Trade ideas are speculative and should be used in conjunction with a comprehensive trading strategy and risk management. This trade idea is based on the falling wedge pattern, which is generally considered a bullish chart pattern in technical analysis. It’s important to wait for the pattern to fully form and for the breakout to occur before considering any trades. Happy trading!
Long
by itmecrypomania
2