⚠️GBPCHF is currently trading in a narrow range on a 4-hour chart.
Depending on which way the price breaks out, there are two possible scenarios.
📈In a bullish scenario, if the price breaks and closes above the 1.1236 resistance level on the 4-hour timeframe, a bullish movement towards the 1.1325 level can be expected.
📉In a bearish scenario, if the market breaks below the 1.1072 support level and closes below it, a bearish movement towards the 1.1005 level is likely.
It is important to wait for a breakout for confirmation before making any trading decisions.
Depending on which way the price breaks out, there are two possible scenarios.
📈In a bullish scenario, if the price breaks and closes above the 1.1236 resistance level on the 4-hour timeframe, a bullish movement towards the 1.1325 level can be expected.
📉In a bearish scenario, if the market breaks below the 1.1072 support level and closes below it, a bearish movement towards the 1.1005 level is likely.
It is important to wait for a breakout for confirmation before making any trading decisions.
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Disclaimer
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Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.