GBPCHF Recovers After Accumulation, Breaks Resistance
After a two-week accumulation period in the red zone, GBPCHF managed to recover its losses.
It broke through a strong resistance zone near 1.1230. It is possible that the price may test this broken structure zone before moving up again, as shown in the chart, with the first resistance levels at 1.1308 and 1.1370.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
After a two-week accumulation period in the red zone, GBPCHF managed to recover its losses.
It broke through a strong resistance zone near 1.1230. It is possible that the price may test this broken structure zone before moving up again, as shown in the chart, with the first resistance levels at 1.1308 and 1.1370.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Trade active
GBPCHF - Target 1 Reached:)
Trade closed: target reached
GBPCHF -Posted on 28-Jan-2025 Target Reached
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GBPCHF reached our first target, and there is a strong possibility that it may continue to rise towards the second target.
However, given the current conditions and President Trump's threats to impose new tariffs on various countries, GBPCHF might retrace to the old zone around 1.1230 before resuming its upward movement.
If everything goes smoothly and Trump does not make any further comments, GBPCHF may continue its upward trend as indicated in the chart.
This is Trump😂
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✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.