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GBP/CHF Potential Upward Movement

GBP/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.23334, 1.23849, 1.24000.

Key Support Levels: 1.22684, 1.22303, 1.21978.

Daily Frame:

The price on the higher time frame could not continue its move to the downside and faced a strong resistance which led to the formation of the double bottom pattern in a form of a higher low. A reversal occurred and a series of lower highs and lows has been posted where further movement to the upside could be seen.

GBP/CHF Medium-Term Trend: Bullish

1-Hr Time Frame:

On the lower time frame, the buyers succeeded to break the bearish trend line to the upside after a higher low formation. A lower correction has been posted to the support level to bring back liquidity before a new bullish impulsive wave toward the target profits.

Buy Market Order @ 1.22818

Target Profit 1 @ 1.23334

Target Profit 2 @ 1.23849

Stop Loss @ 1.22303

Trade Safely 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

5 comments

  1. I will work with your free entry and tp and till i make the money to com in your group, i can also see that your entry and tp is working real good keep up the good work! Sorry i never com here befor i blow my $300 in exness

  2. Smashes tp1 are we going to get the tp2

  3. Again the trade hasn’t even begun how are you reporting a take profit?

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