GBP/CHF Long-Term Trend: Bullish
Key Resistance Levels: 1.2668, 1.2710, 1.2750
Key Support Levels: 1.2617, 1.2567, 1.2500
The price on the higher time frame failed to break the 1.2567 USD mark where it reversed and started to be traded higher by posting a higher low. This could lead to a further move to the upside.
GBP/CHF Medium-Term Trend: Bullish
On the lower time frame, the price succeeded to break the bearish channel to the upside where it is obvious that the buyers are overwhelming the sellers. A lower correction could be seen to the highlighted zone before a new impulsive wave to the upside.
Buy Limit Order @ 1.26186
TP 1 @ 1.27084
TP 2 @ 1.27500
Stop Loss @ 1.25912
Trade Safely 🙂