GBP/CHF Daily Timeframe Analysis – Bearish Outlook
Hey Traders!
Let’s analyze GBP/CHF on the daily timeframe and forecast potential price movement for next month.
Key Observations on GBP/CHF (D1 Chart)
✅ Strong Resistance Level: The market has formed a very strong resistance, and price is consistently respecting this level without breaking it.
✅ Bearish Rejection Signals: The inability to break resistance indicates selling pressure, increasing the probability of a downward move.
✅ Potential Downtrend: If the market fails to break resistance and shows bearish confirmations (e.g., bearish candlestick patterns), GBP/CHF could start declining.
Trading Strategy – Bearish Setup
📉 Sell Confirmation
- Watch for bearish rejection from the resistance zone on lower timeframes (H4 or H1).
- A strong bearish candle, such as a bearish engulfing or pin bar, will strengthen the sell setup.
- Potential downside targets: 1.1100, 1.1050, and 1.1000.
📈 Invalidation of Bearish Setup
- If price breaks above the resistance zone and closes above it with strong bullish momentum, the bearish scenario will be invalid.
- Conclusion
📌 GBP/CHF is facing strong resistance, increasing the probability of a downward move.
📌 Traders should look for bearish confirmations before entering a sell trade.
📌 Key support targets: 1.1100, 1.1050, and 1.1000.
🚀 Trade carefully and manage your risk! Let me know if you need further updates.
Key Observations on GBP/CHF (H4 Chart)
✅ Change of Character (ChOCh) Confirmed: The market has broken the last support level, signaling a potential shift in trend.
✅ Retracement Completed: After the break of structure, the market has pulled back, which is a common price action before continuing the trend.
✅ High Probability of a Sell Setup: Given the bearish structure break and retracement, there is a strong likelihood that the price will drop further.
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