GBPCHF, Double bottoms formed
On the 5th of November the pair reached our strong weekly support, level 1.22889. The price failed to go beyond these level but it formed double bottoms as first sign of reversal. A retest of our descending trending line has taken place and bullish confirmation candle printed on 4 hour timeframe. Targets should be placed around level 1.26575 and stop loss at 1.24262.
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.