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GBPCHF: Potential Long Trade Explained 🇬🇧🇹🇭

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Brittiska pund/Schweiziska franc (OANDA:GBPCHF)  
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OANDA:GBPCHF   Brittiska pund/Schweiziska franc
Trend Analysis Chart Patterns Wave Analysis Forex GBPCHF pound swiss swissfranc
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trendanalysis chartpattern waveanalysis forex gbpchf pound swiss swissfranc
snapshot

After a strong bearish movement,
GBPCHF formed a cute double bottom formation on 1H.

To trade the pattern wisely, wait for 1.2574 - 1.259 neckline breakout.
We need an hourly candle close above that.

Then buy on a retest.

Goal - 1.2635
Stop - 1.2535

In case of a bearish violation of the pattern's lows setup will be invalid.

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