The Pound Swiss Franc review.

Good evening all,

Tonight I thought I would review the GBPCHF last posted on the 11th, where it was said it looked as if it may come down but it was not a good trend, and immediately fell about 150 plus points but has since tried to start to climb again.

This post is more to say await an outcome because it is not in a position to short at present although the trend is still down and price is bearish but it does look like a move north is more in order at the moment although for me some things are missing and one is the obvious of going with the trend.

That said let us see the outcome here as a push up does look possible and maybe to the V.I. as mentioned in the previous post and should this happen a re-evaluation can be done then.

As always please ensure to do your own analysis.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Pound Swiss Franc.

Good evening all,

I thought I would do an update before the webinar tonight and would like to thank all the bloggers and Anne and Javid for a good day on Friday, I really enjoyed seeing you all and having a good chat.

Congratulations to Bijal and Ash, and I've got to say it, well done Ash for all your hard work ! ! !
(Only joking Bijal.)

Tonights chart is of the GBPCHF again, as since I mentioned it price has continued north and therefore not been entered for the short, using the filters, I am looking for.
Since writing on Tuesday about this pair, an entry for short has been signalled on a longer term trade using a 'Dynamic Trader' method, but again has not triggered.

However since then, a confluence using this 'D.T.' method has fallen by the wayside but is still in a position to trade discretionarily, and with the added bonus of a reasonable doji candle formation which did spike the golden mean only to close back at the higher breather level area and at a good '00' figure.

Please be aware that this is not in a good trend at the moment although it is bearish, and does of late try to hang around the V.I., but as mentioned is showing characteristics of a shorting opportunity.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Pound Swiss Franc.

Good evening all,

Tonights chart of the GBPCHF, could be getting ready to resume its trek southward.

Price is currently retesting a former S/R area together with being in the midst of breather levels.

Although there is no candle formation yet as an added indication, stochastics is showing a downward trend whilst coming upto the OB area.

Await more direction if conservative or place an order if aggressive using your filters, but do bear in mind the strong '000' figure which price has recently climbed back above and should really be overcome before your entry.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

GBPCHF, Conservative or Aggressive ?

Good Evening / Morning Dynamic Traders

"Better to have tried and failed, than not tried at all"

Cross = GBPCHF : Day chart below.

Hi guys, the markets have continued to give more profits this morning and is presenting all kinds of opportunities to gain profits. Remember yesterdays blog with regards EXPOSURE, so you can not trade everything that moves, but keep your discipline.

I want to share with you another of my current trades that I am currently in, the GBPCHF. You will see from the chart we have had a large move down, a period of consolidation and now looking (maybe) for a further move down. Price has produced a double top (W formation) with the VI, which has been resistance and bounced down. Entry and Stop are shown on the chart and those of you more conservative, an alternative entry is also shown. MACD also showed divergence at the time of my entry.

Early gains were removed and the trade has been in a slight loss of late, we now look towards returning to some gains. Patience is the virtue.












My target to become risk free is before the conservative entry.

To learn the methods and strategies, join the Dynamic Traders trading room, click here for details Trading Room.

Please do your own analysis before entering a trade.

Dynamic Trader members can join our trading room by clicking here.

Trade with Passion

John Maher
Forex Analyst

Follow our other blogs
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The Pound Swiss Franc.

Good afternoon Dynamic Traders,

This afternoons chart for you to analyse is of the GBPCHF.

This could be in a position for a short but would be an aggressive stance for the following reasons.

It does presently stand with all short, medium and longer term trends down and the lows of November and December being broke, but the low of October has not been tested yet and is only a couple of hundred pips away.

Price is below the V.I. which is another reason for looking at the short trade as this is a criteria of the 'smart money' traders but as can be seen from the chart below price is currently channelling.

Other reasons favouring the short side are that price has broken a resistance area of 1.7000 to 1.6500 and is also in DD parameters now with RSI below 50.

As mentioned it is aggressive due to reasons mentioned above and also because MACD convergence is evident with fibonacci revesals just south clustering with extensions but this would mean a reversal of the trend and as you know this should be our friend.

Keep an eye on this and should your confluences be met act accordingly.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Pound Swissy.

Good evening Dynamic Traders,

Well hopefully I should be back up to speed tomorrow as a BT engineer is supposed to be coming around in the morning slot between 8.00am and 1.00pm, so I've got my fingers crossed.

Tonights chart although it has the short term up has both the medium and longer term trends down.

Price action has recently tagged the VI around the figure area continued down and could now be forming a bearish flag, and Stochastics are getting OB.

This may offer a shorting opportunity soon and a good entry point could be calculated should the offer present itself as divergences are showing on the lower timeframe with MACD but the breather has been surpassed.

I am waiting for a couple more confluences before I will take this short and you should ensure that your quota is reached before doing the same.

As always please ensure to do your own analysis before taking any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The British Pound Swiss Franc.

Good afternoon Dynamic Traders,

Hope some of you got in on the action on Friday and managed to capture some of the 340 pips offered after Thursdays post, in all a very good week was had last week.


On to todays chart of the GBPCHF which may be in a position for a continuation.

This pair is showing a DT formation in early August as can be seen on the chart below, and has since trended downwards to mid October where a bounce occurred which tagged the higher breather and since then the trend has resummed to its original downward tract.

Friday's price action however has given a possible short oppportunity in TS whilst this occurred Thursday in AG, albeit that it has now turned out to be a doji candle which offers the possibility of a pullback before the possible continuation, which could also tie in with the fact that although the longer and medium term trends are down the shorter is up.

GetStochastics is not showing a trend bar to the downside as yet although the last false bar was at the bottom of this indicator, and AdvancedGet is showing a W5 in progress but is disputing its credibility, therefore meaning a possible up move.

Therefore a mixed bag of trading information but decide which you think is best and trade accordingly as the up move may be short lived should it happen, but be aware signals are stronger for one direction, and a possible H&S pattern could be forming longer term, but is obviously not confirmed as yet.

As always please ensure to do your own analysis before taking any trades.

The Pound Swiss Franc.

Good evening Dynamic Traders,

Tonights chart is of the GBPCHF on the daily timeframe for a possible swing trade.

This cross is in a very good downtrend and could well be in a position for a continuation, with the AdvancedGet Stochastics having the false bar at the bottom, and entry and stops should be calculated before pulling the trigger.

The less aggressive traders may wish to stand aside until the confluences for a pullback are overcome which are a fibonacci cluster at a reversal figure, a strong RN in close proximity and MACD convergence to name a few.

The short and mrdium term trends are down but the longer is still up just.

As always please ensure to do your own analysis before entering any trades.

Charts courtesy of AdvancedGet.

Good luck.

Clayton Farnworth.

The Pound Swiss Franc.

Good morning Dynamic Traders,

This morning there seems to be a problem with uploading images as Bijal was finding yesterday, and so I will try to explain the trade I am looking at without the aid of a chart.

The cross is of the GBPCHF, which from about July 07 to January 09 was in a downtrend, and after such a large move either consolidation or correction was to be expected.

Price has made a counter trend move up and stands at a fibonacci cluster area of both retracements and extension, and is also making a DT pattern at the figure.

The MACD indicator is showing divergence and so the confluences are building for a retracement/reversal, but wait until you have your desired quota of indications before trading as a push north can always happen and even if the signs are overwhelming for a down move, and so the more odds in your favour the better.

As always please ensure to do your own analysis before trading.

Have fun and good luck.

Clayton Farnworth.

The Pound Swissy.

Good evening Dynamic Traders,

Tonights chart is on the 4 hour timeframe regarding the GBPCHF.

I am looking for a smaller profit on this pair and so will be managing it accordingly.

If you look at the chart below I have indicated a possible H&S formation which has now closed below the neckline and therefore am waiting confirmation by using the filter.
However MACD is disputing this and so a more conservative entry could be employed whichever way you want to view it, but either way means waiting for your entry.
More recently there is a possible small bearish flag formation which needs also to be considered, which if confirmed would give us a good entry point to start with.

It will be interesting to see which scenario wins between the battle of the patterns as opposed to the contradicting indicators in this case, but all we need do is be ready for whatever direction it does go in.

Please bear in mind that high impact news is out on this pair tomorrow, and as always please do your own analysis.

Charts courtesy of TradeStation.

Good luck with all your trades.

Clayton Farnworth.

GBPCHF

Good evening Dynamic Traders,

I hope you are all well and enjoying your week.

The chart I have for you tonight , is the GBPCHF on the 4HR timescale. As at writing this update it may be forming a candle at a 123 bottom which happens to be around a Fib. cluster. Please note the support at the R.N.

Although Stochastics is showing a false bar, there are both RSI and MACD convergencies on multiple timeframes.

With no high impact news out tomorrow on this pair , trade it in our best market time for the volatility , but please do your own analysis.

Happy Trading,

Clayton Farnworth.