Hello everyone,
A good opportunity has been detected on the GBP/CHF pair.
After strong downward movement on the GBP/CHF, the price
formed an inverse Head & Shoulders pattern, where price has broken
the neckline and retested it.
We are expecting the price to reach approximately the 1.2000
price level, which is also a major psychological resistance point,
where we have a 61.8% Fibonacci retracement level, as well
as the target of the inverse Head & Shoulders pattern.
A good opportunity has been detected on the GBP/CHF pair.
After strong downward movement on the GBP/CHF, the price
formed an inverse Head & Shoulders pattern, where price has broken
the neckline and retested it.
We are expecting the price to reach approximately the 1.2000
price level, which is also a major psychological resistance point,
where we have a 61.8% Fibonacci retracement level, as well
as the target of the inverse Head & Shoulders pattern.