Pattern Formed –Bullish Bat pattern
Potential Reversal Zone (PRZ) -1.3770
GBP/CHF has recovered after making a low of 1.37718. It is currently trading around 1.3825.
The pair is facing strong support around 1.3770 and break below targets 1.3720/1.3675.
On the higher side minor resistance is at 1.3850 (7 day 4 H EMA) and any break above will take the pair to next level till 1.3930 (20 day 4 HMA) /1.399/1.4042.
MACD- Bearish Divergence
StrochRSI- Buy
It is good to buy at dips around 1.3820 with SL around 1.3770 for the TP of 1.3900/1.3990
Potential Reversal Zone (PRZ) -1.3770
GBP/CHF has recovered after making a low of 1.37718. It is currently trading around 1.3825.
The pair is facing strong support around 1.3770 and break below targets 1.3720/1.3675.
On the higher side minor resistance is at 1.3850 (7 day 4 H EMA) and any break above will take the pair to next level till 1.3930 (20 day 4 HMA) /1.399/1.4042.
MACD- Bearish Divergence
StrochRSI- Buy
It is good to buy at dips around 1.3820 with SL around 1.3770 for the TP of 1.3900/1.3990