GBPCHF Hitting a Crucial Resistance

GBPCHF Hitting this extremely important resistance here going back one year all the way until July 2019.

This will be a pivotal for GBPCHF. It needs to show now if the bulls have enough strength to continue the recent uptrend that started after hitting extreme lows. We will find out by monitoring this level. If they can break through, we can expect a very bullish continuation. If they can't chances are that the bears will take over again and we will see a second downturn on GBPCHF.

I placed the suggestion for entering the trade a little bit above the current resistance to create confirmation of a breakout. The take profit is placed directly below an area of many trades as seen by the volume profile.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!