Gbpchfchart
GBPCHF : Current Situation & Technical , Fundamental View- VIX is slightly UP, so CHF has become somewhat STRONG with the SNB RATE HIKE. Due to this STOCKS and XXXCHF CURRENCY were slightly SELL. GBPCHF was also SELL because of that. Currently there is a RISK OFF BIAS. Therefore, GBPCHF may sell slightly in the future.
- Currently GBPCHF LONG TERM can move up to the LEVEL 1.7000. Also, according to the GBPCHF STRUCTURE, before BUY, you can move down to the SUPPORT LEVEL of 1.1218 to the SUPPORT LEVEL.
Therefore, attention should be paid to MARKET UPDATES and MARKET SENTIMENT. Pay attention to the CURRENT MARKET SENTIMENT..
GBPCHF W2 Feb 2021GBPCHF
Long Setup
📣 Last week, GBPCHF has broken out of this 180 days flag consolidation, it is currently trending above the Daily 200ema too.
💭This consolidation consists of a complex 3-5-3 pattern, and it marks the end of a potential Wave-B or Wave-2. Possible targets have been marked for Wave-C, if it's forming a Wave-3, target could be higher.