Technical Analysis and Potential Trading Strategy for GBPCHF
The GBPCHF closed on a high note last week, indicating a dominance of buyers. To potentially trade this, observe the 4-hour chart where a bull flag seems to be forming. Look for a strong, healthy candle to break the upper channel, targeting 1.10800 as TP1. If there's another upward movement with a robust impulsive buying candle beyond TP1, consider aiming for TP2. Repeat this process, and if similar conditions persist, reaching TP3 may be possible.
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