H4 - Bullish trend pattern.
Currently it looks like a pullback is happening.
Continuing bullish divergence.
Until the two strong support zones hold my short term view remains bullish here.
H4 - Bullish trend pattern.
Currently it looks like a correction is happening.
Until the two strong support zones holds I expect the price to move higher further in the short term.
4th-8th July inside bar did not make new high or low, confined within the range of the previous weekly bar. 25th-29th weekly bar again formed inside bar. demand zone for long 1.1590 & 1.1550. stop loss 1.1510, initial target 1.1720 & 1.1800.
#gbpchf, 30th June inside bar range confined within the previous bar range. price building energy for accumulation. 1.1585-80 demand zone for long. long if price test the demand zone, trend is still in weekly chart. take profit 1.1750. stop loss 1.1510
Professionals increased 11k long positions in gbp by last week, opened long profit taking by shorts, 6% long positions increased. while 4% short increased by commercials.
As we can see gbpchf has reached @ strong support zone and now we are buying this pair with a small risk and higher rewards
as you can see we had a huge gain on our previous analysis on GBPCHF ALL TP3 HIT
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As we can see this pair is fail to break the given resistance zone and now retesting this area again but fail /
as we can see a weakness in GBP so we are selling this pair on dips with a small risk and higher rewards
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