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GBP/CHF Potential Upward Movement

GBP/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.11395, 1.11752, 1.12203

Key Support Levels: 1.10717, 1.09463, 1.08886

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it swept liquidity below a support level of 1.07891 and bounced back. The pair has continued to break a few resistance levels which suggests further trend continuation.

GBP/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, the pair is moving in the major trend’s direction. It recently broke a consolidation zone of 1.08886 and 1.09463 and has sustained above that. As of now the pair has broken and retested a minor level of 1.10717 before continuing the momentum.

Signal Idea:

Buy Limit Order @ 1.10945

TP @ 1.11302

Stop Loss @ 1.10578

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.

2 comments

  1. Entry missed with a few pips 🙁

  2. Am collecting my money from your free signals to join your VIP, i hope I’ll get there 🙏

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