Gbpchflong
GBPCHF - SWING - 26. OCTO. 2020Welcome to our weekly trade setup ( GBPCHF )!
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1 HOUR
Strong bullish reaction above main sr level.
4 HOUR
Expecting further upside on gbp!
DAILY
Overall good long entries, prices low.
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FOREX SWING
BUY GBPCHF
ENTRY LEVEL @ 1.17960
SL @ 1.17330
TP @ 1.18900
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Daily Update- Sell -GBP/CHF-- W1Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
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Thank you for your support!
GBPCHF, 4hr tf, further upside movement to materializedHello my friends,
Another setup is GBPCHF pairs.
I saw a potential for further upside as price just broken above the descending trendline. It is now retesting the trend line and EMA-200 also at the retested area. We could say that this is an area of confluences.
All the confirmations needed are also fulfilled so i am taking a buy position on this pair as well.
Buy GBPCHF 1.1860
Stop loss 1.1810
Take profit 1 @1.1910
Take profit 2 @1.1960
Take profit 3 @1.2010
RR ratio is 1 : 3
Use only 1-2% risk
Good luck
GBPCHF Top-Down AnalysisHello Traders,
Here is the Top-Down Analysis of GBPCHF (Monthly, Weekly, Daily for direction and 4H for entry) for
Week 41 - 05 Oct
M > Price dropped till monthly support level that has pushed market to the upside in past.
W > Price moved up to test the neck and complete M formation.
D > We can see an M formation in Daily Chart providing next target.
As per COT GBP saw closure of Long and addition of major short positions bringing net position to -ve, whereas N-R saw closure of both Long and Short, Commercials saw addition of Long and closure of Short. BXY was weak for the said week but it improved its position last week. CHF saw closure of Long and addition of few Short positions reducing net positions. SXY was very weak for the said week. SXY was strong last week.
4H > While moving up price broke neck and moved ahead but price pulled back to complete recently created W formation and is now moving upwards to our next target.
Pair Correlation: GBPCHF has positive correlation with GBPUSD, GBPJPY, GBPCAD, GBPAUD and GBPNZD and negative correlation with EURGBP.
This was my Idea and I hope you find it useful. If you find the analysis of help please leave a LIKE and FOLLOW for receiving all updates during the week. In the comment section you can share your view and ask questions.
Thank You
AP17FX
GBPCHF - Tough MarketTough market to trade this week, the level of manipulation is out of this world. Im very interested in trading this pair, what I would like to see is a confirmed close below the structure marked to be able to sell it. If we see price shoot to the upside, I will leave this trade untouched.
COT Data - 64% Lonf
GBPCHF Roadmap (Update)GBPCHF potentially to go up for +300 pips if the buyer manages to push the price to the 1.2188 resistance level, currently, the price testing minor resistance at 1.1876
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX