. There is a possibility of temporary retracement to suggested support line (1.3196). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. GBPCHF is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
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Everything is mentioned in the chart as to why we should go long coupled with All the positive bullish divergences on the higher time frames, Going long here.
Entry at the retest.
AB is a Range confirmed by pivots 'CDEF'.
As HTF bias is to the upside the price is likely to break the range resistance and continue to move up.
Green line: represents rejection or unacceptance of break of range boundaries
Orange line: represents acceptance of break of range boundaries
Trades can be taken one the pullbacks.