GBPCHF Possible Bullish Move & BuySetup On 4H Chart

10 thg 12, 2015

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.