Long GBP/CHF
Updated
Price has the potential to breach the 1.18726 support line.
On the 4Hr chart Stochastic is showing signs of an oversold market and the MACD starting to swing around to the buy-side and the 5day & 8day SMA's have just crossed, signalling a potential reversal.
On the 1Hr chart, the Stochastic is entering the momentum zone for a buy and the histogram on the MACD is showing a retraction of sellers to the buy-side.
On the 4Hr chart Stochastic is showing signs of an oversold market and the MACD starting to swing around to the buy-side and the 5day & 8day SMA's have just crossed, signalling a potential reversal.
On the 1Hr chart, the Stochastic is entering the momentum zone for a buy and the histogram on the MACD is showing a retraction of sellers to the buy-side.
Trade closed: stop reached
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