GBPCHF 4 h price moving inside the Ascending Channel
GBP/CHF – 4H Chart Analysis (Feb 13, 2025)
📊 Market Structure:
Ascending Channel: Price is trading within a well-defined upward-sloping channel, indicating a bullish trend.
Parallel Support Zone (~1.1310 - 1.1330): This area has acted as both resistance and support in the past, making it a key level to watch.
🔑 Key Levels:
Resistance: ~1.1400+ (upper boundary of the channel)
Support: ~1.1310-1.1330 (parallel support)
Trendline Support: ~1.1260-1.1270 (lower channel boundary)
📈 Bullish Scenario:
If price holds above 1.1330, we could see a push toward the 1.1400+ resistance.
A breakout above the ascending channel could open room for further upside continuation.
📉 Bearish Scenario:
If price breaks below 1.1310, we may see a drop toward the lower channel boundary (~1.1260-1.1270).
A breakdown of the channel could shift momentum bearish, targeting 1.1200 as the next key level.
📌 Conclusion: GBP/CHF remains bullish as long as it stays within the channel. Watch for a potential bounce at support or a breakout above resistance for further upside! 🚀
📊 Market Structure:
Ascending Channel: Price is trading within a well-defined upward-sloping channel, indicating a bullish trend.
Parallel Support Zone (~1.1310 - 1.1330): This area has acted as both resistance and support in the past, making it a key level to watch.
🔑 Key Levels:
Resistance: ~1.1400+ (upper boundary of the channel)
Support: ~1.1310-1.1330 (parallel support)
Trendline Support: ~1.1260-1.1270 (lower channel boundary)
📈 Bullish Scenario:
If price holds above 1.1330, we could see a push toward the 1.1400+ resistance.
A breakout above the ascending channel could open room for further upside continuation.
📉 Bearish Scenario:
If price breaks below 1.1310, we may see a drop toward the lower channel boundary (~1.1260-1.1270).
A breakdown of the channel could shift momentum bearish, targeting 1.1200 as the next key level.
📌 Conclusion: GBP/CHF remains bullish as long as it stays within the channel. Watch for a potential bounce at support or a breakout above resistance for further upside! 🚀
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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.
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.