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British Pound / Swiss Franc
Long

GBPCHF. Buy opportunity.

By KatlehoMaleka
It has been a quiet week so far and I am not seeing any great opportunities in the market this week, except this one. This GBPCHF with a possible inverse Head and Shoulders. Price broke the descending trend line, indicating a possible trend change and now it looks like we also have that inverse Head and Shoulders. On the Daily chart, it just completed a bullish cypher pattern (not shown here). I like to see divergence with my head and shoulders, which we have here on the RSI.
Bullish DivergencedescendingtrendlineFibonacciHead and ShouldersInverse Head and ShouldersTrend Lines
KatlehoMaleka

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