GBP/CHF Technical Analysis (4H)
The GBP/CHF pair is trading within a well-defined parallel channel, currently testing the upper resistance area around 1.1450.
A potential rejection from this zone could trigger a downside move towards the key support area near 1.1290.
If price action confirms a bearish reversal at resistance, a decline within the channel is likely.
However, a breakout above the resistance zone may indicate further bullish momentum toward 1.1496.
Traders should watch price action closely for confirmation signals.
If you enjoy, press the like button.
The GBP/CHF pair is trading within a well-defined parallel channel, currently testing the upper resistance area around 1.1450.
A potential rejection from this zone could trigger a downside move towards the key support area near 1.1290.
If price action confirms a bearish reversal at resistance, a decline within the channel is likely.
However, a breakout above the resistance zone may indicate further bullish momentum toward 1.1496.
Traders should watch price action closely for confirmation signals.
If you enjoy, press the like button.
Trade active
Note
Congratulations guys, price start falling now towards target.Trade closed manually
closed with 60 pips+ profit
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💸FREE FOREX Signals in Telegram : t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
🔹Join Our Telegram Channel, Pure Price Action Based Signals With Chart Analysis.
t.me/FxInsightsHub0
🚀FREE CRYPTO Signals In Telegram: t.me/FxInsightsHub0
Related publications
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.