Friday, September 29, 2023

GBPCHF Re-entered into the channel range and reached -700 Points
1 mins well spent

GBPCHF Analysis:

GBPCHF is breaking the top (lower high) area of the descending channel in the 4-hour timeframe chart.

GBPCHF has broken and retested the ascending triangle in the 30-minutes timeframe chart.

After the confirmation of upward movement, GBPCHF buy signal was given.

GBPCHF Update: GBPCHF is re-entering into the channel range again and trying to consolidate between the channel ranges which leads to the SL price. In another long term view, GBPCHF is standing at the Strong Multi-year support area now

Don’t trade all the time, trade forex only at the confirmed trade setups.

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