GBPCHF has managed to form a Descending Triangle Pattern on the daily time frame.
After GBPCHF managed to break the 200-SMA, it was expected that the upper line of the descending triangle would break, and it did.
GBPCHF is completing a pullback to the upper line of the descending triangle, and I expect GBPCHF to start growing near the uptrend line and the 38.2% Fibonacci level.
🎯The GBPCHF target can at least continue to the upper limit of the 🔴heavy resistance zone(1.178 CHF-1.153 CHF)🔴🎯.
🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
After GBPCHF managed to break the 200-SMA, it was expected that the upper line of the descending triangle would break, and it did.
GBPCHF is completing a pullback to the upper line of the descending triangle, and I expect GBPCHF to start growing near the uptrend line and the 38.2% Fibonacci level.
🎯The GBPCHF target can at least continue to the upper limit of the 🔴heavy resistance zone(1.178 CHF-1.153 CHF)🔴🎯.
🔅British Pound/ Swiss Franc Analyze ( GBPCHF ) Daily time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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🎁Welcome than a 50% bonus(Low Spread)👉vtm.pro/Y3AV7r
🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
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🎁Get a 20% Discount on your trading FEE on BYBIT:👉partner.bybit.com/b/PEJMANZWIN
🎁Get a 20% Bonus & 30% Discount on LBANK exchange(NO KYC)👉lbank.one/join/uBythQd
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.