With main confluence from MACD , Stochastics, RSI and MTF EMA's, I am expecting a run to 69.28. Momentum looks to be rising on the Daily, but if you look closer on January 26th we see divergence on the MACD indicator (Orange). While price reached a low at that time, MACD has been steadily rising. Price has been driven lower through this time but MACD has been...
GBP/CHF has been following this channel for two weeks now. Every time the trend line area's are hit, a swift and powerful rebound occurs within a few hours.
Consider the red marked area as a possible exit, since its close to the recent high and the upper channel trend line.
The oscillating nature of the forex pair combined with the coming high volatility from...