Hey traders, here’s one to watch closely 👇
GBPCHF is consolidating in a rectangle channel structure, marked by clear highs and lows — a classic coiled spring waiting for resolution.
📌 Key Notes:
Price has respected horizontal boundaries repeatedly
We’ve now broken above the top of the range with a reaction off point D
Both upside and downside breakouts remain valid — the key is confirmation
🔍 What to Watch:
A surge in volume and close above 1.10142 or below 1.09510 will confirm breakout direction
Fibs projected from XA and ABCD legs show both upside and downside targets
Range extension levels already plotted for reference
No prediction. Just structure and breakout readiness.
— C. Dela | #TradeChartPatternsLikeThePros.
GBPCHF is consolidating in a rectangle channel structure, marked by clear highs and lows — a classic coiled spring waiting for resolution.
📌 Key Notes:
Price has respected horizontal boundaries repeatedly
We’ve now broken above the top of the range with a reaction off point D
Both upside and downside breakouts remain valid — the key is confirmation
🔍 What to Watch:
A surge in volume and close above 1.10142 or below 1.09510 will confirm breakout direction
Fibs projected from XA and ABCD legs show both upside and downside targets
Range extension levels already plotted for reference
No prediction. Just structure and breakout readiness.
— C. Dela | #TradeChartPatternsLikeThePros.
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.
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.