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GBP/CHF Elliott Wave Analysis

Daytrader21 Przesłano 18 Paź jako Analiza GBP/CHF, Cel: 1.4771, Data: 1 z Grudzień, 12:00 GMT  w #Technical analysis #Elliott Wave #Snb #GBP/CHF #Psychological Number #Range Box
AfterSNB decided to drop the 1.2000 EUR/CHF floor the price action on CHF crosses has been distorted, however, we can still find a way to guide us through the current mess by simple using support and resistance level and the box trading ranges (see Figure 1). GBP/CHF as being a cross pair has a lot of tendency to consolidate and we can find more often it's moving inside this range boxes. Usually if we have this type of boxes on the left side of the chart, we can see how by s…
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Daytrader21 25 Paź

Update 1: Since the market wasn't able to close above the big psychological number 1.5000 there is reason to believe it will act as resistance and next week we can expect a pullback. First level of support comes at 1.4850 from where the market can bounce

Daytrader21 avatar
Daytrader21 9 Lis

Update 2: It seems that wave B has extended more than I was expecting but we can call it completed at 1.5350. Right now wave C is developing and we should see a break below the big psychological figure 1.5000. The next big level of support comes at 1.4600 where current sell-off should stop and wave C can be called completed.

Daytrader21 avatar
Daytrader21 15 Lis

Update 3: If GBP/CHF doesn't start selling off right from the beginning of next week than I may be wrong on this trade. We need to break below 1.5150 in order to be able to see more downside and a possible reversal.

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GBP/CHF Range Boxing

Daytrader21 Przesłano 15 Sie jako Analiza GBP/CHF, Cel: 1.5098, Data: 1 z Październik, 12:00 GMT  w #Technical analysis #Elliott Wave #Snb #GBP/CHF #Support/resistance #Range Box
After SNB decided to drop the 1.2000 EUR/CHF floor the price action on CHF crosses has been distorted however we can still find a way to guide us through the current mess by simple using support and resistance level and the box trading ranges (see Figure 1). GBP/CHF as being a cross pair has a lot of tendency to consolidate and we can find more often it's moving inside this range boxes. Usually if we have this type of boxes on the left side of the chart we can see how by sim…
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4 Komentarze
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Daytrader21 28 Sie

Update 1: The sell off from the 1.5400 high is a normal reaction to complete wave 4 of 5. Right now based on Elliott Wave we should expect further consolidation before more upside. Support level stands at 1.4600 previous week's low

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Daytrader21 20 Wrz

Update 2: I think that wave 4 is now under the last stage before to finish the sequence. The low of 1.4595 represents wave A of wave 4 and we can expect in the short-term another break lower below 1.48800 to complete wave B and than another push higher.

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Daytrader21 28 Wrz

Update 3: We're still trapped within a narrow range between 1.4750 and with resistance at the 1.5110 level which is also the top of the current range box. Other major level we have to keep in mind is the big psychological number 1.5000 which can give us further insights into where to price will go

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Daytrader21 28 Wrz

Update 4: The path for the coming week is still to remain in this range consolidation zone but since we have already tested the bottom of the range it make sense to expect an upside reaction and a retest of the top of the range. In order for more upside we need a break of the big round number 1.5000.

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GBP/CHF Elliott Wave Analysis

Daytrader21 Przesłano 14 Cze jako Analiza GBP/CHF, Cel: 1.5026, Data: 3 z Sierpień, 12:00 GMT  w #Technical analysis #Elliott Wave #Snb #GBP/CHF #Support And Resistance #Range Box
After SNB decided to drop the 1.2000 EUR/CHF floor the price action on CHF crosses has been distorted however we can still find a way to guide us through the current mess by simple using support and resistance level and the box trading ranges (see Figure 1). GBP/CHF as being a cross pair has a lot of tendency to consolidate and we can find more often it's moving inside this range boxes. Usually if we have this type of boxes on the left side of the chart we can see how by simple using those boxes…
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Daytrader21 19 Lip

Update 4: As expected once we broke previous swing high the momentum has pushed up this pair right into my target and last week high was exactly my forecast target of 1.5026. Next week will be key as we can see another retest of 1.4900 where buyers should show up and see another retest of 1.5026.

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Daytrader21 26 Lip

Update 5: Since we broke above the 1.4800 which was the top of the previous range box, we should expect the next consolidation range to take place between 1.4800 support level and 1.5200 previous swing high level. 

Daytrader21 avatar
Daytrader21 1 Sie

Update 6: Last Friday rally from below the brig round number 1.5000 has left behind thin liquidity bars which is a sign that we're going to see a fill of that gap and see a retest of the big round number and ultimately getting closer to our target at 1.5026. Monday on london session I see the scenario in the figure attached

WallStreet6 avatar
WallStreet6 1 Sie

Here you have about 70 pips to go- could make it closer on Monday. Once again great job with the analysis!

Mariia avatar
Mariia 2 Sie

great analysis

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GBP/CHF Consolidation phase

Daytrader21 Przesłano 30 Kwi jako Analiza GBP/CHF, Cel: 1.4397, Data: 1 z Czerwiec, 12:00 GMT  w #Technical analysis #Consolidation #Snb #GBP/CHF #Zig Zag Pattern #Elliottwave #Range Box #Gbpch
After SNB decided to drop the 1.2000 EUR/CHF floor the price action on CHF crosses has been distorted however we can still find a way to guide us through the current mess by simple using support and resistance level and the box trading ranges (see Figure 1). GBP/CHF as being a cross pair has a lot of tendency to consolidate and we can find more often it's moving inside this range boxes. Usually if we have this type of boxes on the left side of the chart we can see how by simple using those boxes…
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– lub –

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Daytrader21 29 Maj

Update 5: As expected we had a double top and we had a sell of from the big round number 1.4500 which can be considered the second wave of wave B. Right now we're 0.13 deviation from my actual forecast of 1.4397. The actual price is 1.4378 which is exactly 19 pips. However we're just Friday and until Monday we can still have either some further improvements or the market could still move against me. However the likelihood is for a retest of the round number 1.4400 on Monday.

Daytrader21 avatar
Daytrader21 1 Cze

Update 6: As expected and as per my last update we indeed not only retested the round number 1.4400 but the momentum pushed the price even higher. Right now as I post this update I have 0% deviation from my forecast, which is quite impressive. in the next two hours left until the deadline the market should not experience any strong movement until the New York session comes in and we should expect price gravitate near this round number 1.4400(1.4397 my forecast) during the next 2h

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Daytrader21 1 Cze

Update 7: 20 Minutes left until the deadline and as expected the price gravitated towards the round number 1.4400, and as I write this update I have 0% deviation

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Daytrader21 1 Cze

Update 9: I give here some feedback about Technical Analysis contest and why there need to bee done some adjustments.

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Daytrader21 1 Cze

I have 0% deviation 15 minutes before the deadline....................This is unbelievable

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GBP/CHF Double Bottom

Daytrader21 Przesłano 15 Luty jako Analiza GBP/CHF, Cel: 1.4736, Data: 1 z Kwiecień, 12:00 GMT  w #Technical analysis #Support #Resistance #Crosses #Snb #GBP/CHF #Bottom
After SNB decided to drop the 1.2000 EUR/CHF floor the price action on CHF crosses has been distorted however we can still find a way to guide us through the current mess by simple using support and resistance level and the box trading ranges (see Figure 1). GBP/CHF as being a cross pair has a lot of tendency to consolidate and we can find more often it's moving inside this range boxes.
Figure 1. GBP/CHF Weekly chart.

Based on the Monthly chart we can spot a big double bottom that is ta…
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Daytrader21 28 Luty

Update 2: As expected the momentum continue to push higher and we're near our target. From here on I'm expecting a retracement based on Figure 1 we should see the market ranging between a wide range 1.4750 resistance zone and 1.4000 big round number and support zone

Daytrader21 avatar
Daytrader21 7 Mar

Update 3: Unfortunately we broke above the key level 1.4750 but we still have to be patience and wait and see if there is any follow through to confirm this breakout.

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Daytrader21 14 Mar

Update 4: This pair has broken outside my projection and we the momentum pushed this pair all the way up past the big round number 1.5000 and we had a strong rejection from there making a "v" shape top for now which should keep this pair under pressure in the coming weeks. Next week support stands at 1.4700 level.

Daytrader21 avatar
Daytrader21 21 Mar

Update 5: As per my previous update I was right we indeed established a "v" shape top. Now we're big round number 1.4500 which should provide some support level for the time being. Next week we should see momentum start picking up.

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Daytrader21 28 Mar

Update 6: After 2 weeks sell of this pair has finally found a bottom and we should expect previous week low to hold. So the 1.4200 level should act as support. If we manage to break above 1.4500 round number in the first days of the week there is a chance we'll hit our target

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GBP/CHF Turning Down

Daytrader21 Przesłano 16 Lis jako Analiza GBP/CHF, Cel: 1.4696, Data: 2 z Styczeń, 12:00 GMT  w #Technical analysis #Elliott Wave #Snb #GBP/CHF #Technical Analysis GBP/CHF #Range #Velocity
GBP/CHF like the most swiss pairs have been going nowhere since SNB step into the market we have been stuck into a big range. We have establish the range between 1.5480 high and 1.3800 low, an 680 pips range. We can been seen that for the most part we have been staying at the lower level of this range comparing it with the times we have visited the high of the range. As the weekly suggest
we may be developing a five wave inside this trading range and we still need to complete 2 more waves before…
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– lub –

2 Komentarze
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Daytrader21 22 Lis

Update 1: Even though we broke below 1.500 big round number and we didn't had any follow through this retracement can be viewed as normal as long as it stay below 50% fib retracement measured from the 1.5450 top. The 50% fib retracement comes in at 1.5200 which is the last week top so the fact that we can't succeed to close above that level is a positive sign

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Daytrader21 29 Lis

Update 2: As expected the 1,5450 level, also the 50% fib retracement has provided a good resistance. Now wave iv of 3 has completed (see Figure 2) in order for wave 3 to complete we need another break below previous swing low 1.4940

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GBP/CHF Upward Channel Final Stage

Daytrader21 Przesłano 14 Wrz jako Analiza GBP/CHF, Cel: 1.5264, Data: 3 z Listopad, 12:00 GMT  w #Technical analysis #Elliott Wave #GBP/CHF #Upward Channel #Wave Cycle
GBP/CHF like the most swiss pairs have been going nowhere since SNB step into the market we have been stuck into a big range. We have establish the range between 1.5480 high and 1.3800 low, an 680 pips range. we can been seen that for the most part we have been staying at the lower level of this range comparing it with the times we have visited the high of the range. From figure 1 it can been seen that based on Elliott Wave we have are in the last stage of this range as soon we'll complete a fiv…
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5 Komentarze
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Daytrader21 11 Paź

Update 1: We have made another run towards 1.5500 major resistance level which has stopped current rally and also produced a sell off. This marginal high lacks momentum that's the reason why I'm expecting the market to turn back down.For next week main level remains 1.5400 resistance level and 1.5200 support level.

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Daytrader21 19 Paź

Update 2: Current sell of from 1.5500 previous swing high should be treat as wave 1 of wave D. As based on Elliot wave the wave D should develop a five wave move of lesser degree. As wave 1 as bee completed once we hit the support level at 1.5000 big round number we're already developing wave 2 of D which will develop a 3 wave move of lesser degree. Nest week support is at 1.5100 and resistance at 1.5300.

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Daytrader21 25 Paź

Update 3: Wave 2 has already extended to the 61.8 fib retracement and this should provide us with some kind of resistance. This rally from 1.5000 swing low has already completed a 5 wave cycle and we should expect a sell of in a 3 wave decline.Key resistance for next week remains 1.5320 and support is at 1.5185

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Daytrader21 29 Paź

Update 4: Right now our target has been hit as the market has been consolidated around 1.5260 and as per my previous update we can expect from here a 3 wave decline First wave should find support at 1.5200 fib extention target from where we need another rally up before to resume down again

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Daytrader21 1 Lis

Update 5: Unfortunately we broke above key resistance level 1.5340 and moved away from our target. I don't think there is enough time for the market to come back and consume this rally on monday, however I do expect this to be a false breakout and by Friday to come down again

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GBP/CHF Upward Channel Final Stage

Daytrader21 Przesłano 20 Lip jako Analiza GBP/CHF, Cel: 1.5226, Data: 1 z Wrzesień, 12:00 GMT  w #Technical analysis #Elliot Wave #GBP/CHF #Range #Upward Channel
GBP/CHF like the most swiss pairs have been going nowhere since SNB step into the market we have been stuck into a big range. We have establish the range between 1.5480 high and 1.3800 low, an 680 pips range. we can been seen that for the most part we have been staying at the lower level of this range comparing it with the times we have visited the high of the range. From figure 1 it can been seen that we have multiple touch of support and only one touch of resistance. This multiple rejection of…
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Daytrader21 3 Sie

Update 2: finally the market has started breaking lower and although we are few pips away from our target as per my prediction we should see a break lower below previous sing low of 1.5200 all the way down until 1.5150 before going back up and retest the broken trend line

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Daytrader21 9 Sie

Update 3: As per my previous update we finally broke and close below 1.5200 which is a false breakout as per my forecast right now we should see market pulling back up to retest the broken trendline.

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Daytrader21 16 Sie

Update 4: It may be the case that my timing on this prediction is wrong as it seems wave D is already developing and we may not get any pullback as per my expectation. However 1.5000 is a big round number and as long as this level stay intact the market can rebound.

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Daytrader21 24 Sie

Update 5: Indeed 1.5000 level has kept the market for further declining and as long as it stays intact we can see momentum gaining up speed again. However we need a break and close above 1.5180. Currently price is in congestion between 1.5180 resistance level and 1.5050 support level.

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Daytrader21 30 Sie

Update 6: We're only 13 pips deviation from my projection but this current mini rally looks corrective and it's heading right into a daily pivot level which should provide enough support for the market and cap any upside movement. And based on Elliot Wave this should be wave 2 of bigger wave D which should develop in 5 wave movement. For next week we have resistance at 1.5250 and with support at 1.5180.

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GBPCHF Stuck In Trading Range For Now

Daytrader21 Przesłano 13 Kwi jako Analiza GBP/CHF, Cel: 1.5020, Data: 2 z Czerwiec, 12:00 GMT  w #Technical analysis #Elliott Wave #GBP/CHF #Trading Range #Trading Channel
GBP/CHF like the most swiss pairs have been going nowhere since SNB step into the market we have been stuck into a big range. We have establish the range between 1.5480 high and 1.3800 low, an 680 pips range. we can been seen that for the most part we have been staying at the lower level of this range comparing it with the times we have visited the high of the range. From figure 1 it can been seen that we have multiple touch of support and only one touch of resistance. This multiple rejection of…
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Daytrader21 7 Maj

Update 2: As expected 1.4870 resistance level capped the market and by they shape of price action structure this can be wave 2 of wave III of C. Usually wave 3 is the longest wave based on Elliot wave and we should see momentum start accelerating after 1.4870 resistance level will be broken and turned in support. 

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Daytrader21 17 Maj

Update 3: We're on our way to hit the my target with only 50 pips to go. You can see how after we broke the 1.4870 the market never looked back. From here on 1.5000 should provide a good support zone amd should limit any downside movement

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Daytrader21 24 Maj

Update 4: We have hit again our target making a double top here. But there is a high change to consolidate here between 1.5080 resistance zone and 1.4980 support zone. This move has already run his curse so she need to take some breath.

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Daytrader21 31 Maj

Update 5: As expected from my previous update we had a reaction from the 1.2080 and we indeed consolidate around 1.5000 big round number. The daily range has also become more tight between 1.5030-1.4990 usually Monday is not a day where we can expect big breakouts and most likely we should stay in this tight congestion zone, for now we're only 20 pips away from my target so anything is possible.

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Daytrader21 2 Cze

Update 6: As expected we have move within some tight congestion zones between 1.5040 resistance zone and 1.5000 big round number and support zone for this pair. My prediction had a deviation of just 6 pips from my target which is quite an accurate prediction. From here on we should see momentum start picking up as long as the 1.5000 support level holds.

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GBPCHF Stuck in Trading Range for now (part 3)

Daytrader21 Przesłano 15 Luty jako Analiza GBP/CHF, Cel: 1.4730, Data: 1 z Kwiecień, 12:00 GMT  w #Technical analysis #Resistance #GBP/CHF #Range #Elliot Wave Support
GBPCHF like the most swiss pairs have been going nowhere since SNB step into the market we have been stuck into a big range. We have establish the range between 1.5480 high and 1.3800 low, an 680 pips range. we can been seen that for the most part we have been staying at the lower level of this range comparing it with the times we have visited the high of the range. From figure 1 it can been seen that we have multiple touch of support and only one touch of resistance. This m…
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5 Komentarze
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Daytrader21 9 Mar

Update1: As expected we have moved lower to retest previous support at 1.4650. This should held as support for now but don't expect much as usually during this stage we should see further consolidation.

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Daytrader21 14 Mar

Update 2: Wave 2 of this raising wedge has been completed as we have made 3 waves to the downside which are corrective based on Elliot Wave theory. Market should find support at 1.4500 big round number from where we should see momentum start accelerating, but wee need to see a five wave up leg to have our confirmation

Daytrader21 avatar
Daytrader21 23 Mar

Update 3: As expected 1.4500 hold and we got a strong reaction from that level we should see momentum to continue to the upside wave 2 has no completed and we should see wave 3 accelerating to the upside so we need to see continuation from here in order for our analysis to be correct.

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Daytrader21 30 Mar

Update 4: As expected last week we saw the uptrend accelerating and we also hit our target and as of today we're 23 pips away from our target. But tomorrow is end moth flow in fx world so volatility can raise and send price both direction, however we should see price capped between 1.4790 resistance level and 1.4730 support level.

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Daytrader21 31 Mar

As I'm writing this update we're only 4 pips away from my target and only few hours away from the deadline. The price should remain contained between 1.4700 support level and 1.4780 intraday resistance level

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