GBPCHF: Bullish Move From Key Level 🇬🇧🇨🇭

Panjang

Paun British / Franc Swiss (OANDA:GBPCHF)

OANDA:GBPCHF Paun British / Franc Swiss

mtfa flagpattern doubletoporbottom gbpchf pound swissfranc chf gbp forecast priceaction priceactionanalysis priceactiontrading

GBPCHF is trading within a wide horizontal daily zone of demand.

Take a look how the price reacted that that area on 1H time frame:
first, the price broke and closed above a resistance line of a bullish flag pattern,
a double bottom pattern was formed and its neckline was broken then.

Chances are high, that we will see a pullback from the underlined structure.
Goals will be 1.1295 / 1.132

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