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CHFGBP

GBPCHF: Looking like a fake out and drop to meI see GBP as continuing to be weak, poor GDP data last week, hikes expected to be over, and expecting to see some CHF strength. BoE interest rates this week, but with the market expecting hiking to be over, I don't think it matters what happens, sterling will fall. We saw a move above my descending trendline, seeing this as possibly a fake out - we've broken back through my support, now resistance line which would suggest a fall back down to recent lows here.
Short
by Finchcliffe
1
CHFGBP, Major Ascending-Triangle, Ready for Completion, Targets!Hello There! Welcome to my new analysis of CHFGBP. Within recent times CHFGBP continued with forming a highly important formation in the whole formational structure as it managed to build up bullishly within the major areas of the structure. In this case, I have detected the most prevalent important signs and considerations to determine for CHFGBP and the upcoming price actions, therefore, I have analyzed the major factors in the analytics backend. As when looking at my chart now CHFGBP has formed two important formational factors here. The first factor, CHFGBP continued with this major uptrend channel in which it has substantial support bouncing several times towards the upside. The second factor, CHFGBP is still bouncing above the 65-EMA as well as the 100-EMA being major support levels within this whole chart. Together these two factors are holding the bullish trend towards the upside and building the bullish base here. The major formation within this whole chart is the main ascending triangle formation which is about to complete within the next times as CHFGBP continues to bounce within the ascending triangle formation this means that a final breakout above the upper boundary is likely to emerge within the upcoming times. Once this breakout has emerged as it is marked in my chart CHFGBP is going to set up the next wave-expansions towards the bullish direction. Especially as the solid bullish volume is building up here this breakout is likely to happen faster than thought about. Taking all these factors into consideration here, once CHFGBP has completed the whole ascending triangle formation it is going to activate the upper target zones as they are marked within my chart, and especially depending on the momentum and volume with which CHFGBP actually emerges these targets can be reached in a major accelerated bullish volume spike. When this happens it increases the potential for a bullish continuation tremendously and CHFGBP is going to accelerate the further bullish dynamics above the initial target zones into the bullish continuation zone. In this manner, thank you everybody for watching my analysis of CHFGBP. Support from your side is greatly appreciated. VP
by VincePrince
2
CHFGBP, Developments In Ascending-Wedge, Bounce And Pullback!Hello, Welcome to this analysis about CHFGBP and its 12-hour timeframe perspectives. CHFGBP in the recent times established important structures and recently formed a interesting bounce in its structure, besides that I discovered further determinations that are worthwhile to look at. As when looking at my chart now we can watch there how CHFGBP emerged with this main ascending-wedge-formation marked with the boundaries in blue. Within this wedge-formation CHFGBP has the coherent wave-count and the waves A to C already completed, with the wave D now developing CHFGBP is approaching this dedicated support-base marked in orange in my chart, because of the several supports within this region also determined by the point-of-control of the volume-profile marked with the red line this is a zone where a bounce has a high possibility and should be expected. Once this bounce emerged CHFGBP will move on with the development of the wave E to approach the upper resistance level to finalize the whole wave-count and pullback from there, when this happen it can be the appropriate setup of the ascending-wedge-completion which will happen when CHFGBP finally bounces below the lower boundary. In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best! Information provided is only educational and should not be used to take action in the markets.
by VincePrince
16
CHFGBP, Completes Head-Shoulder-Formation, Targets Activated!Hello, Welcome to this analysis about CHFGBP, we are looking at the 4-hour timeframe perspectives. As I discovered recently CHFGBP has completed an important formation that is now building the origin for further volatilities to consider in the upcoming times. Therefore, as when looking at my chart we can watch there how CHFGBP completed this main head-and-shoulder-formation in orange with the bearish breakout below the neckline and moved on to test the 200-EMA in red together with the 100-EMA in grey which are close to a bearish crossover. Now within this structure below the neckline CHFGBP is forming this confirmational bear-flag-formation that can take the shape of a protracted bear-flag or also can form the direct breakout to the downside in either case it is building the high possibility setup for further continuations. Mainly the head-and-shoulder completion has activated the bearish target-zone within the 0.785 level marked in blue in my chart, once this zone has been reached the situation needs to be elevated anew and CHFGBP needs to show if it manages to reverse in this level or builds up a setup for further continuations to the downside. In this manner, thank you for watching my analysis about CHFGBP and the main head-shoulder-formation with the upcoming determinations, support the analysis with a like and follow or comment for more market insight! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the market.
by VincePrince
10
GBPCHF Downtrend Alert: Time to Sell?Good morning traders, As anticipated, we observed a retracement in the GBPCHF pair. A rising wedge pattern has subsequently materialized, and a recent downside breakout confirms this formation. The prevailing market sentiment remains bearish. On the 1-hour timeframe, all moving averages are aligned with our perspective, and the majority are consistent on the 4-hour timeframe as well. With the 1-hour death cross still intact, our current strategy suggests maintaining a bearish position.
Short
by FX-TradingLions
GBPCHF Sell Alert: Bearish Signals Ignite Potential DropHello, Fellow Traders, Following up on GBPCHF, our last position worked well thanks to the Falling Three Methods pattern. After that, we saw some back-and-forth, but as advised earlier, it could be a good time to get back in. We've spotted a bearish pattern near the moving averages which typically signals a good time to sell. That said, we're also near a strong support level from a longer-term perspective, meaning the price might bounce back up. If you see signs of a shift in the market trend, like a break through the moving averages, it might be wise to exit early to manage your risk. Remember, informed decisions make for successful trades.
Short
by FX-TradingLions
GBPCHF will go UP by Descending Triangle🚀GBPCHF has managed to form a Descending Triangle Pattern on the daily time frame. After GBPCHF managed to break the 200-SMA , it was expected that the upper line of the descending triangle would break, and it did. GBPCHF is completing a pullback to the upper line of the descending triangle , and I expect GBPCHF to start growing near the uptrend line and the 38.2% Fibonacci level . 🎯The GBPCHF target can at least continue to the upper limit of the 🔴heavy resistance zone( 1.178 CHF -1.153 CHF)🔴🎯. 🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Daily time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
8
GBPCHF SHORT keeps the SouthernNo change for the GBPCHF pair until this moment, to notice its frequent consolidation below the major resistance at 1.1285, which confirms the continuation of the previously suggested negativity, while the price reach to 1.1160 level now and fluctuating below the MA55 is considered as an initial key to resume the negative attack, which allows us to suggest moving towards 1.1085 followed by attempting to press on 1.1010 obstacle in order to find a way to resume the negative trades for the upcoming period. The expected trading range for today is between 1.1200 and 1.1085 On the H4 chart, we could see that the price which is moving higher has broken above the most recent downtrend line and is holding above it. Also, we could see that the price which is moving higher has created higher highs based on the MACD indicator, which is a sign of gaining momentum towards the bullish side. We may consider these as other evidences of bullish pressure. In addition to this, the ADX indicator gave a bullish signal here at the cross of +DI (green line) versus -DI (red line) and the main signal line (silver line) reads value over 25, we may consider this as another evidence of bullish pressure. In addition to this, based on the Parabolic Sar we could see that the dots are below the price which we may consider as yet another evidence of bullish pressure. So based on all this, until the strong support zone shown in the image below(marked in green) holds my short-term view remains bullish here and I expect the price to move higher further after pullbacks GBPCHF D1(Daily) Chart Analysis Range, Parabolic Sar GBPCHF H4(4 Hours) Chart Analysis Downtrend Line Breakout, Higher Highs, ADX Indicator, Parabolic Sar
Short
by DaveBrascoFX
💵British Pound/Swiss Franc💵Analyze (12/22/2022)!!!The British Pound/Swiss Franc was able to break the uptrend line. I expect the British Pound/ Swiss Franc will go down to the targets that I specified in my chart. 🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Timeframe 4H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
2
💵British Pound/Swiss Franc💵Analyze (10/18/2022)!!!The British Pound/ Swiss Franc moved as I expected 👇✅ I expect the British Pound/ Swiss Franc will go down until the support zone. 🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Timeframe 2H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
3
💵British Pound/Swiss Franc💵Analyze (10/12/2022)!!!The British Pound/ Swiss Franc was able to complete wave 4 near the trend line. I expect the British Pound/ Swiss Franc will go up until the 🎯targets🎯 that I specified in my chart. 🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Timeframe 2H⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
9
CHFGBP, Ascending-Wedge-Formation, Decisive Determinations!Hello, Welcome to this analysis about CHFGBP, we are looking at the 12-hour timeframe perspectives. When looking at my chart we can watch there how CHFGBP has developed this major ascending-wedge-formation with the coherent wave-count within the formation completed from A to E and with the recent pullback from the higher boundary as the wave-count has finalized CHFGBP showed up with increased bearish volatility to the downside and is now approaching the region around the lower boundary. When the bearish pressure increases further here and CHFGBP finally closes below the lower boundary of the formation this will complete the whole formation bearishly and will be the setup for further bearish continuations to the downside, also the lower target-zone marked in blue will be activated, once this target-zone has been reached the situation needs to be elevated again and CHFGBP needs to show if it manages to back-up in this zone or just sets up for further continuations to the downside, it will be an interesting development ahead. In this manner, thank you for watching my analysis about CHFGBP and its main ascending-wedge-formation, support the analysis with a like and follow or comment for more market insight! "Good luck is when opportunity meets prepration." Information provided is only educational and should not be used to take action in the market.
by VincePrince
2
Time to short GBPCHF?GBPCHF has alligned perfectly for a correction here. We saw impulsive movements earlier in the month, which are now followed up by a corrective phase. As of now, we are bearish as GBPCHF rejects off the 61,8% fib level and is signaling a drop soon. Should we see price exit the rising wedge, we could safely enter, but for those interested in an aggressive entry method, like me, we go in now with a stop loss above the previous High. Let's see what this pair can bring us in.
Short
by Faizxn_ah