Hello traders,
Hope you had an amazing weekend !
GBPCHF is currently at a very strong monthly level.
This level has been respected several times in the past and it would be very difficult to break through it given that there are many underlying buy orders waiting to be filled !
Currently price saw its first valid rejection from major area of demand, expecting price to continue upwards from this level to at least 200 pips.
looking forward to see how this setup plays out !
good luck & god bless,
ETGL team <3
Hope you had an amazing weekend !
GBPCHF is currently at a very strong monthly level.
This level has been respected several times in the past and it would be very difficult to break through it given that there are many underlying buy orders waiting to be filled !
Currently price saw its first valid rejection from major area of demand, expecting price to continue upwards from this level to at least 200 pips.
looking forward to see how this setup plays out !
good luck & god bless,
ETGL team <3
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I still continue to believe that this pair is bullish, just alot of manipulation lately