Buy GBPCHF Triangle Breakout

GBP/CHF - M30 Chart - Triangle Pattern

Price Breaks the triangle pattern now, its good chance to buy now


✔️Entry @ 1.0737
💵Tp - 1.0850
🔠Sl - 1.0675

Thank you

Trade active

Comment:

1. BOE decision: A hawkish stance from the BOE, even if it's just maintaining current interest rates, could signal confidence in the UK economy and attract investment, bolstering the Pound.

2. EU-UK deal: The Northern Ireland deal is indeed a positive development, reducing uncertainty and potentially paving the way for smoother future relations. This could boost business confidence and foreign investment in the UK.
Lower recession risk: Hunt's comments, while not a guarantee, certainly ease concerns and could encourage spending and investment, further aiding the economy.

3. BOE approval of fiscal support: The BOE's acknowledgement of the budget's potential to boost GDP adds credibility to the government's economic plans and reinforces confidence in the Pound.

Comment:

Gbp/Chf now running with +40 pips profit 💵💵

Trade closed manually:

with small profit