GBPCHF TRIANGLE BREAKOUT. BUY THE PULLBACK

Hi everyone:

WE have an excellent opportunity on GBPCHF for a long term trade. We can see the daily chart has been in a ranging market, and currently its at the bottom and rejecting support.

The 4 hr chart broke out of the symmetrical triangle to the upside. Now we can wait for a higher low to develop before enter the trade.
Potential targeting the daily fibs level of 38.20% and 81.80%

TP 1: 1.2550
TP 2: 1.2750

Thank you for your support and feedback.

Kommentera:

Here is the daily chart: