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GBP/CHF Potential Upward Movement

GBP/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.2862, 1.2894, 1.2900

Key Support Levels: 1.2798, 1.2725, 1.2691          

Daily Chart:

The price on the higher time frame succeeded to break the parallel channel to the upside by posting a bullish candlestick with a big body showing that the bulls are in control. Usually, when a range channel is violated a big move is expected after it.

1-Hour Chart:

On the 1- hour chart the pair broke the smaller range to the upside by posting also a bullish candlestick with a big body. A lower correction is expected to the higher end of the channel before a new impulse in the same direction of the main trend.

Signal Idea:

Buy Limit Order @ 1.2818

TP 1 @ 1.2861

TP 2 @ 1.2894

Stop Loss @ 1.2802

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.

8 comments

  1. How much of daily pip signal (minimum or maximum both) and no. of trades are you provided in vip section area

  2. Hi, GCHF still valid we buy again?

  3. This signal is garbage, it went to the opposite way

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