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Gbpchftradeplan

Shorts in the House. If any one look at this just like to said this is for my personal purpose education, thank you!! All time Chart shows a Bearish trend, but its actually on weekly and Daily looking bullish, Correlation on making a decision to short: -High of previous accumulation -78.60 Fib retracement -the high of a new bearish posible forming -even a good point to take some shorts short period forming a inverted SHS - there was some turbulence already, - and this is a idea of 500 pips take profit -27 FIb WHAT IF that does not happen, time its telling us all this years its a true and easy to see bearish trend, but if this tesis does not work because market can do whatever it wants does not care about my feelings, would keep moving up to break the bearish channel its under now.
Short
by hothyspanic
GBPCHF : Current Situation & Technical , Fundamental View- VIX is slightly UP, so CHF has become somewhat STRONG with the SNB RATE HIKE. Due to this STOCKS and XXXCHF CURRENCY were slightly SELL. GBPCHF was also SELL because of that. Currently there is a RISK OFF BIAS. Therefore, GBPCHF may sell slightly in the future. - Currently GBPCHF LONG TERM can move up to the LEVEL 1.1700. Also, according to the GBPCHF STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 1.1368 to the SUPPORT LEVEL. Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Pay attention to CURRENT MARKET SENTIMENT.
by benny_marshall
1
(Sell) GBPCHF Technical Analysis for April 24, 2018Hello Traders, So, today we check GBPCHF pair and from my view, it looks like there are more downsides than upsides from a technical point of view. While last week was GBP bearish as the candlestick shows, what is of interest is the way that GBP closed. As we can see, not only was there an over-extension to the upside but that inverted hammer is the seal of bears. However, that’s not all. There is a stochastic sell signal in the weekly chart. These combinations hint of strong sell pressure and as such, the only logical way to trade this pair is to wait for sell signals in lower time frames and sell GBP. Even though we have a strong stochastic sell signal in the weekly chart, things are not panning out as expected in the 4HR chart. First, GBP buy momentum is picking up as stochastic shows. Besides, we have these higher highs relative to the lower BB. Fact is, prices are consolidating. The best way to trade is to have patience and wait for a break out in either direction. If there is a bullish breakout, then wait for a sell signal but if prices move lower, then trade with the weekly trend. Because of this, my GBPCHF trade plan shall be as follows: Sell Stop: 1.36 Stop Loss: 1.37 Take Profit: 1.31 Let me know what you think. Have a good trading day!! This Technical Analysis was first published by Dalmas Ngetich at Forex.Today
Short
by Kipyegonn
2
Potential Longs GBPCHF Trade PlanThere is a likelihood of GBP gaining ground this week especially if today's candlestick is bullish. All we have to remember is that relative to last week, prices are down 80% and on Friday, March 3, some bullish candlesticks printed in the 4HR chart. What is important now is a follow through and rejection of lower lows. If bulls clear Friday's highs in the daily chart then we can as well fine tune entries in lower time frames and look for long entries. For more information, check my analysis at NewsBTC at www.newsbtc.com and at Forex.Today at forex.today
by Kipyegonn