After carefully analyzing the GBP/CHF currency pair I have identified several promising buy setups that seem quite favorable.
This analysis is based on observing a significant Break of Structure on the daily time frame.
Additionally this break aligns perfectly with an institutional round number at 1.11200 which adds further weight to the bullish sentiment.
Furthermore, on the 4-hour timeframe I have noticed the presence of a bullish order block.
This order block signals a potential accumulation of buy orders and suggests a higher probability of an uptrend continuation.
This reinforces the overall bullish bias for the GBP/CHF pair.
Moreover, I have identified a diagonal break of structure on the same 4-hour timeframe. Although this break is occurring within a slightly upward trending channel it provides an additional confirmation for the bullish outlook.
Taking into consideration the Break of Structure on the daily timeframe, the alignment with an institutional round number at 1.11200, the bullish order block on the 4-hour timeframe and the diagonal break of structure in the upward trending channel it appears that there are favorable buy setups forming for GBP/CHF.
These factors collectively suggest that there is potential for sustained upward movement in the pair.
However as with any financial analysis it is essential to closely monitor market conditions and employ proper risk management strategies.
This analysis is based on observing a significant Break of Structure on the daily time frame.
Additionally this break aligns perfectly with an institutional round number at 1.11200 which adds further weight to the bullish sentiment.
Furthermore, on the 4-hour timeframe I have noticed the presence of a bullish order block.
This order block signals a potential accumulation of buy orders and suggests a higher probability of an uptrend continuation.
This reinforces the overall bullish bias for the GBP/CHF pair.
Moreover, I have identified a diagonal break of structure on the same 4-hour timeframe. Although this break is occurring within a slightly upward trending channel it provides an additional confirmation for the bullish outlook.
Taking into consideration the Break of Structure on the daily timeframe, the alignment with an institutional round number at 1.11200, the bullish order block on the 4-hour timeframe and the diagonal break of structure in the upward trending channel it appears that there are favorable buy setups forming for GBP/CHF.
These factors collectively suggest that there is potential for sustained upward movement in the pair.
However as with any financial analysis it is essential to closely monitor market conditions and employ proper risk management strategies.
Trade closed manually:
partial profits