growthbank

[GBPCHF] Buy Idea - Basic Support/Trend Line Analysis

Long
FOREXCOM:GBPCHF   Livre sterling / Franc suisse
GBPCHF is currently approaching the last lowest wick support zone. The pair has also formed higher highs on the D1, so I am expecting a double bottom to form at the support zone, and go into bullish momentum. Stop loss is tight so we are looking at a solid basic support to resistance trade, according to the upward trend of the pair.

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