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GBP/CHF Potential Upward Movement

GBP/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.1560, 1.1621, 1.1682

Key Support Levels: 1.1437, 1.1341, 1.1243

Daily Chart:

The price on the higher time frame has recently reversed the direction after having a bearish run. It found support at the 1.0894 level and has tested that area several times. The pair has broken a resistance level of 1.1400 which indicates a bullish bias.     

GBP/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. The pricerecently consolidated for some time between a range of 1.1243 and 1.1341 and then broke the upper range. It has now also broken and retested a minor level of 1.1437 before continuing the momentum. 

Signal Idea:

Buy Stop Order @ 1.1482

TP 1 @ 1.1544

TP 2 @ 1.1637

Stop Loss @ 1.1420

Trade Safely 🙂

About Vipul Rathaur

A trader with more than six years of experience, Vipul is a discretionary trader and uses multi time frame analysis for his analysis and price action for his trade signals. Believes that risk management is the secret to making it in this world. He trades major Forex pairs, Indices, and Commodities.

4 comments

  1. Thanks Vipul.
    I appreciate the clear commentary which really helps me make sense of the ideas.
    Nice trade. 👍

  2. Well done bro…TP 1 hit on free signal..

  3. hello, I just want to say thank you for your free signals it really helps me a lot. I hope that you can add more every day.

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