Reaching Highs of September 2018 this pair continues to go long , buying zone marked out above this is where i will be looking to open long term buys on this pairs .
Hello Traders, So, today we check GBPCHF pair and from my view, it looks like there are more downsides than upsides from a technical point of view. While last week was GBP bearish as the candlestick shows, what is of interest is the way that GBP closed. As we can see, not only was there an over-extension to the upside but that inverted hammer is the seal of bears....
Double bar reversal pattern from 23.6% Fibonacci retracement level of Q1 2018 high low. Stops at 0.9630 and targets at 0.9430 or so so suffice.