GBPCHF Analysis
Market Overview
GBPCHF experienced a strong downward move from 1.14860 to 1.06370, forming a double bottom. The pair is now in a corrective phase, seeking liquidity around 1.13654, potentially leading to another impulsive move toward the downside, targeting 1.01733.
Weekly & Daily Structure
Weekly Resistance at 1.10884: Previously broken by the last weekly candle, now being retested by this week's price action.
Daily Correction: Price retraced downward to a daily support level, which was previously weekly resistance.
Liquidity Grab at 1.10464: Market collected liquidity, broke previous support, and retested again, with the support holding—indicating growing buyer momentum at the daily level.
4-Hour Market Structure
CHOCH at 1.11018 & BOS at 1.11357: These signals indicate a shift in order flow.
Liquidity Grab & Retest at 1.10745: The market broke internal support, grabbed liquidity, then broke the previous resistance. Now, we wait for a 4-hour retest at this new support level.
Trade Plan
4-Hour Entry
Entry: 1.11080
Stop Loss: 1.10542
Take Profits:
TP1: 1.11897
TP2: 1.13654
Daily Entry
Entry:1.11164
Stop Loss:1.10313
Take Profits: Same as the 4-hour trade setup.
Market Overview
GBPCHF experienced a strong downward move from 1.14860 to 1.06370, forming a double bottom. The pair is now in a corrective phase, seeking liquidity around 1.13654, potentially leading to another impulsive move toward the downside, targeting 1.01733.
Weekly & Daily Structure
Weekly Resistance at 1.10884: Previously broken by the last weekly candle, now being retested by this week's price action.
Daily Correction: Price retraced downward to a daily support level, which was previously weekly resistance.
Liquidity Grab at 1.10464: Market collected liquidity, broke previous support, and retested again, with the support holding—indicating growing buyer momentum at the daily level.
4-Hour Market Structure
CHOCH at 1.11018 & BOS at 1.11357: These signals indicate a shift in order flow.
Liquidity Grab & Retest at 1.10745: The market broke internal support, grabbed liquidity, then broke the previous resistance. Now, we wait for a 4-hour retest at this new support level.
Trade Plan
4-Hour Entry
Entry: 1.11080
Stop Loss: 1.10542
Take Profits:
TP1: 1.11897
TP2: 1.13654
Daily Entry
Entry:1.11164
Stop Loss:1.10313
Take Profits: Same as the 4-hour trade setup.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.