GBP/CHF 1H
Analyis made from higher timeframes, overall downtrend of this pair.
triggers and signals of moves can analysed on the 15min or lower than the 1H to know exactly what is going on.
The pair is currently trading near a key resistance zone (highlighted in purple), where sellers have previously dominated. I’m waiting for a potential rejection from this area, which could be confirmed by a candlestick pattern or a clear formation, such as a double top or a strong bearish engulfing candle.
If the price reacts as expected, I anticipate a break below the ascending trendline (in white), opening the path for a deeper move toward the support levels around 1.1100. This setup aligns with the idea of selling from a strong resistance zone while looking for confirmation before entering the trade.
However if not, we could see a reversall of the trend
Patience is key
triggers and signals of moves can analysed on the 15min or lower than the 1H to know exactly what is going on.
The pair is currently trading near a key resistance zone (highlighted in purple), where sellers have previously dominated. I’m waiting for a potential rejection from this area, which could be confirmed by a candlestick pattern or a clear formation, such as a double top or a strong bearish engulfing candle.
If the price reacts as expected, I anticipate a break below the ascending trendline (in white), opening the path for a deeper move toward the support levels around 1.1100. This setup aligns with the idea of selling from a strong resistance zone while looking for confirmation before entering the trade.
However if not, we could see a reversall of the trend
Patience is key
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.