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GBPCHF Get Ready for the next bullish move up
British Pound / Swiss Franc
Long
GBPCHF Get Ready for the next bullish move up
By jojofang0901
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Updated
Oct 12, 2020
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Oct 12, 2020
Hi traders:
GBPCHF is looking very clean for further upside moves.
Price had the double bottoms rejections on the HTF, and had the impulsive move up.
We then see price has been correcting itself in this overall parallel structure, good indication for building up momentum for bullish continuations.
Latest price action we see a recent double bottoms, price impulse up from the LTF., and forming this continuation correction.
I would wait and see if price can break out of this current correction, then look for smaller LTF structures to get in the buy.
Thank you
Oct 12, 2020
Comment
Oct 15, 2020
Comment
Still waiting for more price development on the LTF.
Chart Patterns
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Parallel Channel
pattern
priceaction
structure
Wedge
jojofang0901
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