I am going to be extremely lazy on this one and ask you to click on the link below for the GBPCHF analysis. It is exactly the same pattern.
Price bounced from oversold territory, it met resistance at the resistance area and now after a couple days of pulling back it seems ready to move up.
Have a look at the 4H chart :
We see the same H&S formations and once it is broken the pair could move very quick to the next horizontal resistance at 136. We will meet resistance at the MA50 too.
Trade safe and click on the GBPCHF trade analysis for a more in depth explanation!
Price bounced from oversold territory, it met resistance at the resistance area and now after a couple days of pulling back it seems ready to move up.
Have a look at the 4H chart :
Trade safe and click on the GBPCHF trade analysis for a more in depth explanation!
