Bullish expectations on GBPCHF by ThinkingAntsOk
Main items we can see on the chart:
a) The price has broken a descending trendline
b) The price tested two times a major support zone
c) We saw a corrective structure (yellow lines) on the edge of the broken trendline and the breakout of it
d) If the price breaks above the green line we will take that as a confirmation for the bullish movement
e) Pay attention to the resistance levels (purple lines)
a) The price has broken a descending trendline
b) The price tested two times a major support zone
c) We saw a corrective structure (yellow lines) on the edge of the broken trendline and the breakout of it
d) If the price breaks above the green line we will take that as a confirmation for the bullish movement
e) Pay attention to the resistance levels (purple lines)