GBPCHF - Potential Buy From Key Support Zone
The GBPCHF pair is approaching a critical demand zone, which is marked by historical price reactions and strong support levels. The current market structure suggests the potential for a reversal from this area. If buyers regain control, we could see a move higher.
I anticipate that if the price confirms a rejection from the demand zone, there is a high likelihood of upward movement toward the 1.12000 level. This aligns with the expectation of trend exhaustion near this support zone.
If you have any additional insights or a different perspective, feel free to share your thoughts!
I anticipate that if the price confirms a rejection from the demand zone, there is a high likelihood of upward movement toward the 1.12000 level. This aligns with the expectation of trend exhaustion near this support zone.
If you have any additional insights or a different perspective, feel free to share your thoughts!
Trade active
Trade closed manually
Closed trade on break even.
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