ForexPinnacle

GBPCHF Trendline idea

Long
FX:GBPCHF   Livre sterling / Franc suisse
0
Price is currently stalling at the black trend line. If that trend line breaks, then I am looking to see if we get a bullish bounce at one of the lower three trend lines marked out (blue trend lines). If there is a clear bounce higher, then would expect price to stall at the higher trend lines (red trend lines). Orange level shows a potential key level of interest, however it has not been respected enough previously therefore it might not be as important as the higher trend lines are.
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