GBP/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.22940, 1.23324, 1.23500.
Key Support Levels: 1.22505, 1.22150, 1.22000.
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. A reversal occurred and the price is about to move higher again in the same direction of the main trend.
GBP/CHF Medium-Term Trend: Bullish
10-Mins 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 @ 1.22555
Target Profit 1 @ 1.22940
Target Profit 2 @ 1.23324
Stop Loss @ 1.22171
Trade Safely 🙂