GBPCHF 8H long-term Short Analysis

22 août

• Strategy preconditions
  By seeing the downward momentum occurred previously on 8H chart, GBPCHF has great potential to push down to Daily target at 1.06370, . In order for the market to continue pushing down, we need downward BOS to confirm that the local trend also starts to reverse to pushing down.
  
  Here are 3 prediction scenarios, all of them have the same concept: Waiting for the downward HTF BOS and pullback before taking Short. Personally I don't believe much on the prediction marked as red line, that's why I demand an extra downward BOS and pullback before Short shown on the chart, because this prediction has not gained as much liquidity as the other two for pushing downward.
  
  Red prediction: SL set at reasonable level depends on the entry area shaped in future, and TP at 1.06370
  Green prediction: SL set at 1.13122 and TP at 1.06370
  Blue prediction: SL set at 1.13860 and TP at 1.06370
  
  You can take partial profit at TP 1.07432.
  
  
• Cautions
  
  if the "Caution level" has been reached before our desired downward BOS occurs, abandon this strategy, new analysis needs to be made then.
  
  

28 août

Note

GBPCHF 4H, the market has gone into a consolidation period, it's difficult to predict anything, so it's better to wait for the range area to be broken first, then re-analyze the whole situation. Actually, not just 4H is ranging, but also 1W and 1D too, all of higher timeframes show no trending strength. Personally, I'm expecting a local upward push to the grey supply zone in near future.

29 août

Note

GBPCHF 1H, the range has been broken recently, I assume that it is liquidity grab for pushing up to the more significant Supply Zones. Anyway, it is back into the range again, you shall NOT trade here, a lot of traps will be set for more liquidity generation perhaps.

29 août

Note

GBPCHF 20m great LONG opportunity