GBPCHF, long term UPSIDE REVERSAL has started! SEED!GBPCHF has been on a weighty long downtrend that has lasted for ages but recent data is hinting of a possible reversal after waiting for eons.
On it's tri-monthly chart it has registered it's first upside shift in almost 3 years since July 2021. This is a massive change in structure as it is conveying the initial steps to upside reversal in the long term.
Expect a series of ascend from here on. First net positive buy volume resurfaced after 3 years on its tri monthly volume metrics, and histogram data.
On our lower time frame - on the daily, a new higher base has been cemented in preparation for the next series of price growth from the current range.
The current levels is a good seeding area as it provides a discount already. There will be push and pull volatility before a strong run up break will ensue. Thereafter, significant price growth will follow. Expect a consistent stair up price expansion from the present levels starting this week.
Spotted at 1.1400
TAYOR
