GBP/CHF Technical Analysis
Updated
As shown on the chart, the GBP/CHF pair has been following a strong trend. Each time the price approaches a support level, it forms a "shadow," indicating a false breakout, before rebounding upward. This pattern has occurred multiple times, suggesting a potential entry opportunity with a risk-to-reward ratio of 1:2.
The price may move higher than the target indicated on the chart, but this serves as an example of potential levels to watch for.
Please note, this is not financial advice.
The price may move higher than the target indicated on the chart, but this serves as an example of potential levels to watch for.
Please note, this is not financial advice.
Trade closed: stop reached
The price nearly reached our targeted level, but unfortunately, the Stop Loss was triggered after. I hope you were still able to capitalize on the insight provided.
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.