Get started
MichaelSelim

GBPCHF Possible Bullish Move & BuySetup On 4H Chart

Long
British Pound / Swiss Franc (FX:GBPCHF)  
MichaelSelim  
FX:GBPCHF   British Pound / Swiss Franc
0
5
GBPCHF on 4H chart, we have bullish harmonic pattern formed below strong key level 1.500 with RSI oversold below 30 level and turning bullish. A good confirmation for the expected bullish move is a breakout above 1.500 after that we can expect price to test 1.512 ( Fib 38.2 ) then 1.528 ( Fib 61.8 ) While falling below 1.485 would be a sign of weakness for the pair and possible continuation of the bearish trend.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.