[Pending] GBPCHF is Bullish - We look to Buy at 1.2035
▪️ Short term momentum is bullish.
▪️ We have a 50% Fibonacci pullback level of 1.2037 from 1.1869 to 1.2205.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.2035, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 1.2005
Target1: 1.2145
Target2: 1.2200
▪️ Short term momentum is bullish.
▪️ We have a 50% Fibonacci pullback level of 1.2037 from 1.1869 to 1.2205.
▪️ Positive overnight flows lead to an expectation of a firm open this morning.
▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.2035, resulting in improved risk/reward.
▪️ Expect trading to remain mixed and volatile.
Stop: 1.2005
Target1: 1.2145
Target2: 1.2200
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.