GBPCHF Short Term Buy IdeaH1 - Bullish trend pattern
Currently it looks like a pullback is happening
Until the two strong support zones hold my short term view remains bullish here.
Gbpchfbullish
GBPCHF - Looking To Buy Pullbacks In The Short TermH4 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Continuing bullish divergence.
Until the two strong support zones hold my short term view remains bullish here.
GBPCHF Short Term Buy IdeaH4 - Bullish trend pattern.
Currently it looks like a correction is happening.
Until the two strong support zones holds I expect the price to move higher further in the short term.
GBPCHF - Looking To Buy Pullbacks In The Short TermH1 - Bullish rally
Higher highs
No opposite signs
Until the strong support zone holds I expect the price to move higher further after pullbacks.
GBP/CHF Bullish PushGBP/CHF Bullish Push towards 1.34 Target throughout December.
As Brexit deciding factors come closer into play for December 2019 , Bullish momentum for the Pound sees the Euro continue to decline against Sterling.
Target 1.34. Important to note Price Action over the next 2 days as to confirm entry on GBP/CHF.
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GBP/CHF technical analysisThe 3-hour chart(image 1) of GBP/CHF seems to be in a sideways consolidation mode after a long downside move.
It has been in range bound movement for the past 1 month and a strong bullish engulfing candle has formed at the lower end of the support which is a very good sign that bulls have taken control.
Coincidentally, this strong support zone meets the long term trendline in the Daily chart (image 2).
The pair is also trading close to its 200 day moving average.
So if the 3-hour chart gives a break out from the consolidation zone,it becomes a valid double bottom pattern.
Taking all these factors into consideration,we expect the pair to give a bullish break out and its long term bull run to continue.
