📈 GBP/CHF Bullish Reversal Setup – Eyes on 1.11897 & 1.13607 Targets 🎯
Pair: GBP/CHF
Timeframe: 1D
Status: Bullish Reversal Anticipation
Date: August 6, 2025
📝 Analysis:
GBP/CHF has been consolidating near the key support zone around 1.06830, showing signs of potential bottoming. Price action indicates a possible bullish reversal after an extended downtrend. The setup suggests a favorable risk-to-reward scenario for a long position.
💡 Trade Idea:
Entry: 1.07756 (current market price)
Target 01: 1.11897
Target 02: 1.13607
Stop Loss: 1.06182 (below strong support)
Risk-Reward Ratio: Over 2:1
With clear structure and previous price memory at target zones, this setup is attractive for swing traders looking for medium- to long-term gains.
📌 Key Levels to Watch:
Major Support: 1.06830
Intermediate Resistance: 1.11897
Extended Target Resistance: 1.13607
Pair: GBP/CHF
Timeframe: 1D
Status: Bullish Reversal Anticipation
Date: August 6, 2025
📝 Analysis:
GBP/CHF has been consolidating near the key support zone around 1.06830, showing signs of potential bottoming. Price action indicates a possible bullish reversal after an extended downtrend. The setup suggests a favorable risk-to-reward scenario for a long position.
💡 Trade Idea:
Entry: 1.07756 (current market price)
Target 01: 1.11897
Target 02: 1.13607
Stop Loss: 1.06182 (below strong support)
Risk-Reward Ratio: Over 2:1
With clear structure and previous price memory at target zones, this setup is attractive for swing traders looking for medium- to long-term gains.
📌 Key Levels to Watch:
Major Support: 1.06830
Intermediate Resistance: 1.11897
Extended Target Resistance: 1.13607
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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.