Breaking News

GBP/CHF Potential Upward Movement

GBP/CHF Long-Term Trend: Bullish

Key Resistance Levels: 1.27098, 1.27938, 1.28176.

Key Support Levels: 1.26329, 1.25510, 1.24901.

Daily Chart:

The price on the higher time frame is traded inside a bullish channel formation where it succeeded to break the daily resistance around the 1.26329 CHF mark. A correction has been posted and we expect further movement to the upside in the same direction of the main trend.

GBP/CHF Medium-Term Trend: Bullish

1-Hour Chart:

On the lower time frame, posted huge bullish candlestick with a long candlestick to the downside which shows that the buyers are in control. A slight lower correction could be seen to the highlighted zone before a new impulsive wave toward the target profit.

Signal Idea:

Buy Limit Order @ 1.26654

TP 1 @ 1.27086

TP 2 @ 1.27938

Stop Loss @ 1.26483

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.

Leave a Reply

Your email address will not be published.

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

Download My Free Robot

Get your Robot Now!

Free Robot!