FX:GBPCHF   British Pound/Swiss Franc
22 0 4
11 months ago
There is a pattern on GBPCHF             pair which is known as Flag: the movement continues up after a consolidation.

I´d expect a minimal target of 1.388 after a figure breaks but having the 200 EMA on sight, it can easily arrive to 1.39.

The best scenario is price going down to the bottom of the flag formation and then rise to break the figure. So, look for a buying point around 1.377. Or wait for a breakdown.

SL below 1.377.

Trade safe!
11 months ago
Trade closed: target reached: Closed at 1.39
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