MichaelSelim
Long

GBPCHF Possible Bullish Move & BuySetup On 4H Chart

FX:GBPCHF   British Pound/Swiss Franc
52 5 0
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 .
Please keep in mind that we have important news form GBP today around 1:00 PM GMT
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nice and thx for sharing..
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Thank you very much for your thoughts and comments.
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1.55 is on cards again.. 1.53 for sure...
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Yes I can see possible bullish RSI divergence on Daily chart. If the bullish move confirmed, it will likely retest 1.52 - 1.53
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