The triangular flag stayed for 33days before the breakout to the upside and a retest of the flag. Price is showing a strong sign of going higher compared to its current level.
On the daily time frame chart, the price of GBPCHF has been spotted forming a bullish pennant flag pattern which has broken out and looking to continue its move to the upside as price is yet to reach the first target as measure by using the width of the pole and dragging it to the breakout level. Below are the levels to keep an eye on:
Breakout level for continuation: 1.29917
Resistance 1:1.31176
Resistance 2: 1.33167
Resistance 3: 1.35230
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice.
The above mentioned currency can be traded on primexbt.com
On the daily time frame chart, the price of GBPCHF has been spotted forming a bullish pennant flag pattern which has broken out and looking to continue its move to the upside as price is yet to reach the first target as measure by using the width of the pole and dragging it to the breakout level. Below are the levels to keep an eye on:
Breakout level for continuation: 1.29917
Resistance 1:1.31176
Resistance 2: 1.33167
Resistance 3: 1.35230
Good luck to everyone! Click the follow button to stay tuned for more trading ideas! Like the idea? Hit the like button!
Ideas published should not be referred to as an investment advice.
The above mentioned currency can be traded on primexbt.com