Triangle at GBPCHF
The upward trend here continues.
Now the price forms lower peaks, but at the same time we see lower bottoms.
This means that buyers are still the stronger market participants and we expect that they can raise the price at least once more before we see an correction.
The possibility is after the break of the triangle and we expect the price to reach: 1.2308 and 1.2365
If the previous bottom breaks, a reversal and a fall may follow!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
Now the price forms lower peaks, but at the same time we see lower bottoms.
This means that buyers are still the stronger market participants and we expect that they can raise the price at least once more before we see an correction.
The possibility is after the break of the triangle and we expect the price to reach: 1.2308 and 1.2365
If the previous bottom breaks, a reversal and a fall may follow!
If you have questions about how to trade this or another situation, contact us!
To support us, like and comment!
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