On a today's live stream with my students, we took a long trade on GBPCHF.
The pair is coiling on a peculiar confluence zone based on a horizontal stucture and 382 retracement of the last bullish impulse.
The price formed an ascending triangle formation on that structure and broke its neckline then.
Probabilities are high that the pair will reach 1.133 / 1.135 levels soon.
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