JoyBoyVegae

Bottom hit, bulls reverse

Long
FX:GBPCHF   British Pound / Swiss Franc
GBPCHF hit a big fall but this seem different this time.
A reversal 1.01930 area made a nice looking dip reversals and the recovery went crazy.
Bollinger bands went Cross up from 1HR-1M
THE Reversal is legit bullish.. we could expect a breakout
Once that small gap of downtrend line breaks with a resistance will become a strong support once the bulls breaks it.
GBPCHF bear is almost over need at last 2 or 3 push up with a nice huge green candle that when the bulls takes over.

2nd Resistance should expect a short pullback to create a bullish flag to keep going up , after 2nd resistance being playing around and break slowly then now from there a bullish marathon or bullrun you can say.

Most importantly we do NOT DO NOT.. need that bullish dip reversal candle to breakdown once that happen then we will head back to yearly low to form a double bottom.
I am very very bullish since that reversal bulls hit we are now should be recovering hard like very hard.
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.