FX.co ★ cococrunch | GBP/CHF

I hope everyone is having a great day. I’ve been analyzing the GBP/CHF pair, and based on my observations, the market is currently showing a clear bearish structure across multiple timeframes. Starting with the M15 chart, I can see that the linear regression channel is sloping downward, which highlights the dominance of sellers in the market. This downward slope indicates that the price is trending south, with a potential target around the 1.05094 level. If the price reaches this level, I expect that a short-term upward correction may occur. This is quite typical, as price often reacts at the lower boundary of a channel, especially when volatility has been fully expanded within it. Because of this, I prefer to avoid opening sell positions near the bottom of the channel. Selling in that area increases the risk of entering just before a corrective move upward. Instead, my strategy is to wait for a pullback toward the upper boundary of the channel, which is currently around 1.05338 on the M15 timeframe. Entering a sell position from that level provides a better risk-to-reward ratio and helps reduce potential losses. In general, the slope of the regression channel gives me insight into the strength of the trend. The steeper the slope, the stronger the selling pressure. At the moment, the slope suggests that the bearish trend is present, although it may still be in the early stages of development.

Looking at the H1 chart, I see a similar picture. The linear regression channel is also sloping downward, confirming that sellers are in control on a higher timeframe as well. I consider the H1 channel to be the primary trend indicator, while the M15 channel serves as a secondary, more detailed view. Since both timeframes are aligned to the downside, this strengthens my overall bearish bias. Given this alignment, I prefer to focus on selling opportunities rather than buying. Attempting to buy in this environment would mean trading against the trend, which generally carries a higher risk and lower probability of success. If the level at 1.05338 fails to stop buyers, I anticipate that the upward correction could continue further. In that case, the next area I am watching is near the upper boundary of the H1 channel, around 1.05609. If price reaches this level, it would present a very attractive opportunity to consider selling again. This kind of move would likely represent a deeper pullback, potentially lasting around an hour, before sellers step back in. Once sellers regain control, I expect the price to move back down toward the lower boundary of the channel, near 1.05142. At that point, the full volatility range of the channel would likely be realized. However, just like before, I would avoid selling at the bottom and instead wait for another pullback before entering a new position. Overall, my approach is to follow the trend, wait for optimal entry points, and avoid chasing price at unfavorable levels.