GBPCHF Possible Bullish Move & BuySetup On 4H Chart

By MichaelSelim
GBPCHF on 4H chart, we have bullish harmonic pattern formed below strong key level 1.500 with RSI oversold below 30 level and turning bullish. A good confirmation for the expected bullish move is a breakout above 1.500 after that we can expect price to test 1.512 ( Fib 38.2 ) then 1.528 ( Fib 61.8 ) While falling below 1.485 would be a sign of weakness for the pair and possible continuation of the bearish trend.

Disclaimer