British Pound / Swiss Franc
Long
Updated

GBP/CHF Buy Setup – Bulls Eyeing a Rebound?

254

We’re eyeing a potential buy opportunity around 1.131, where price seems to be stabilizing after its recent decline. With bullish momentum building, we anticipate buyers stepping in at this level to push price higher. While a brief dip is possible, we see this as an area of strong demand.

🔍 Key Factors Supporting This Setup:
✅ Signs of price exhaustion near support
✅ Short-term momentum shifting in favor of buyers
✅ 1.131 acting as a key demand zone

📍 Trade Levels to Watch:
🔹 Entry: 1.131
🔹 First Target: 1.137
🔹 Support: 1.130

As long as price holds above support, we’re favoring upside potential. Let’s see how the market reacts!
Trade closed: target reached
Great trade there 50+ pips

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