Breaking News

GBP/CHF Potential Upward Movement

GBP/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.13825, 1.14108, 1.14516

Key Support Levels: 1.13170, 1.12788, 1.12295

Daily Chart:

The price on the higher time frame has recently been in an uptrend after it tested a support level of 1.09001 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 broke a major resistance level of 1.12788 and has sustained above that. As of now the pair has broken and retested a minor level of 1.13170 before continuing the momentum. 

Signal Idea:

Buy Limit Order @ 1.13430

TP @ 1.13796

Stop Loss @ 1.13064

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.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!